Eastern Asia: Frozen Yellowfin Tuna Market 2022

Frozen Yellowfin Tuna Market Size in Eastern Asia

The East Asian frozen yellowfin tuna market fell to $X in 2020, with a decrease of -X% against the previous year. Over the period under review, consumption saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the market value increased by X% against the previous year. As a result, consumption attained the peak level of $X. from 2019 to 2020, the growth of the market failed to regain the momentum.

Frozen Yellowfin Tuna Production in Eastern Asia

In value terms, frozen yellowfin tuna production reduced modestly to $X in 2020 estimated in export prices. The total output value increased at an average annual rate of +X% from 2007 to 2020; the trend pattern remained relatively stable, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. Over the period under review, production attained the peak level at $X in 2012; however, from 2013 to 2020, production remained at a lower figure.

Production By Country in Eastern Asia

The countries with the highest volumes of frozen yellowfin tuna production in 2020 were Taiwan (Chinese) (X tons), South Korea (X tons) and China (X tons), with a combined X% share of total production.

From 2007 to 2020, the biggest increases were in China, while frozen yellowfin tuna production for the other leaders experienced more modest paces of growth.

Frozen Yellowfin Tuna Exports

Exports in Eastern Asia

In 2020, the amount of frozen yellowfin tuna exported in Eastern Asia surged to X tons, picking up by X% against 2019 figures. In general, exports enjoyed slight growth. The most prominent rate of growth was recorded in 2014 when exports increased by X% y-o-y. The volume of export peaked at X tons in 2017; however, from 2018 to 2020, exports remained at a lower figure.

In value terms, frozen yellowfin tuna exports rose rapidly to $X in 2020. Over the period under review, exports posted a temperate expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% year-to-year. As a result, exports reached the peak of $X. from 2018 to 2020, the growth exports failed to regain the momentum.

Exports by Country

In 2020, South Korea (X tons) represented the key exporter of frozen yellowfin tuna, creating X% of total exports. China (X tons) took a X% share (based on tons) of total exports, which put it in second place, followed by Japan (X%).

From 2007 to 2020, the biggest increases were in China, while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, China ($X), South Korea ($X) and Japan ($X) constituted the countries with the highest levels of exports in 2020, together comprising X% of total exports.

China recorded the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced mixed trends in the exports figures.

Export Prices by Country

In 2020, the frozen yellowfin tuna export price in Eastern Asia amounted to $X per ton, which is down by -X% against the previous year. Over the last thirteen years, it increased at an average annual rate of +X%. The pace of growth was the most pronounced in 2019 an increase of X% year-to-year. As a result, export price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by the country of origin; the country with the highest price was China ($X per ton), while Japan ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by China, while the other leaders experienced more modest paces of growth.

Frozen Yellowfin Tuna Imports

Imports in Eastern Asia

In 2020, the amount of frozen yellowfin tuna imported in Eastern Asia contracted to X tons, which is down by -X% compared with the previous year's figure. In general, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of X% year-to-year. As a result, imports reached the peak of X tons. from 2017 to 2020, the growth imports failed to regain the momentum.

In value terms, frozen yellowfin tuna imports shrank to $X in 2020. Overall, imports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by X% year-to-year. The level of import peaked at $X in 2017; however, from 2018 to 2020, imports failed to regain the momentum.

Imports by Country

Japan represented the key importer of frozen yellowfin tuna in Eastern Asia, with the volume of imports reaching X tons, which was approx. X% of total imports in 2020. It was distantly followed by China (X tons), comprising an X% share of total imports. South Korea (X tons) took a minor share of total imports.

From 2007 to 2020, average annual rates of growth with regard to frozen yellowfin tuna imports into Japan stood at -X%. At the same time, China (+X%) and South Korea (+X%) displayed positive paces of growth. Moreover, China emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of +X% from 2007-2020. From 2007 to 2020, the share of China increased by +X% percentage points, while Japan (-X p.p.) saw their share reduced. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported frozen yellowfin tuna in Eastern Asia, comprising X% of total imports. The second position in the ranking was occupied by China ($X), with a X% share of total imports.

From 2007 to 2020, the average annual growth rate of value in Japan was relatively modest. In the other countries, the average annual rates were as follows: China (+X% per year) and South Korea (+X% per year).

Import Prices by Country

In 2020, the frozen yellowfin tuna import price in Eastern Asia amounted to $X per ton, declining by -X% against the previous year. Overall, the import price, however, saw mild growth. The pace of growth appeared the most rapid in 2011 an increase of X% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2020, import prices failed to regain the momentum.

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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