Report Update May 1, 2024

Philippines - Bigeye Tuna - Market Analysis, Forecast, Size, Trends and Insights

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Philippines: Bigeye Tuna Market 2022

Bigeye Tuna Market Size in the Philippines

The Philippine bigeye tuna market surged to $X in 2020, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption recorded significant growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Bigeye Tuna Exports

Exports from the Philippines

Bigeye tuna exports from the Philippines dropped to X tons in 2020, reducing by -X% on the previous year. Overall, exports showed a precipitous slump. The most prominent rate of growth was recorded in 2012 with an increase of X% year-to-year. Over the period under review, exports hit record highs at X tons in 2007; however, from 2008 to 2020, exports remained at a lower figure.

In value terms, bigeye tuna exports rose sharply to $X in 2020. Over the period under review, exports recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2008 with an increase of X% against the previous year. As a result, exports attained the peak of $X. from 2009 to 2020, the growth exports remained at a lower figure.

Exports by Country

Thailand (X tons) was the main destination for bigeye tuna exports from the Philippines, with a X% share of total exports. Moreover, bigeye tuna exports to Thailand exceeded the volume sent to the second major destination, the U.S. (X tons), more than tenfold.

From 2007 to 2020, the average annual rate of growth in terms of volume to Thailand amounted to +X%.

In value terms, Thailand ($X) remains the key foreign market for bigeye tuna exports from the Philippines, comprising X% of total exports. The second position in the ranking was occupied by the U.S. ($X), with a X% share of total exports.

From 2007 to 2020, the average annual rate of growth in terms of value to Thailand amounted to +X%.

Export Prices by Country

The average bigeye tuna export price stood at $X per ton in 2020, jumping by X% against the previous year. Overall, the export price, however, saw a perceptible decrease. The pace of growth was the most pronounced in 2008 an increase of X% y-o-y. The export price peaked at $X per ton in 2011; however, from 2012 to 2020, export prices failed to regain the momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, the country with the highest price was the U.S. ($X per ton), while the average price for exports to Thailand stood at $X per ton.

From 2007 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to the U.S..

Bigeye Tuna Imports

Imports into the Philippines

In 2020, overseas purchases of bigeye tuna increased by X% to X tons, rising for the fourth year in a row after four years of decline. Overall, imports posted a prominent expansion. The growth pace was the most rapid in 2011 with an increase of X% against the previous year. Imports peaked in 2020 and are likely to see gradual growth in the near future.

In value terms, bigeye tuna imports soared to $X in 2020. In general, imports enjoyed a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2020, Indonesia (X tons) constituted the largest bigeye tuna supplier to the Philippines, accounting for a X% share of total imports. Moreover, bigeye tuna imports from Indonesia exceeded the figures recorded by the second-largest supplier, South Korea (X tons), fivefold. The third position in this ranking was occupied by Taiwan (Chinese) (X tons), with a X% share.

From 2007 to 2020, the average annual rate of growth in terms of volume from Indonesia totaled +X%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+X% per year) and Taiwan (Chinese) (-X% per year).

In value terms, Indonesia ($X) constituted the largest supplier of bigeye tuna to the Philippines, comprising X% of total imports. The second position in the ranking was occupied by Taiwan (Chinese) ($X), with a X% share of total imports. It was followed by Micronesia, with a X% share.

From 2007 to 2020, the average annual growth rate of value from Indonesia stood at +X%. The remaining supplying countries recorded the following average annual rates of imports growth: Taiwan (Chinese) (-X% per year) and Micronesia (X% per year).

Import Prices by Country

The average bigeye tuna import price stood at $X per ton in 2020, surging by X% against the previous year. Over the period under review, the import price showed a modest increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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

From 2007 to 2020, the most notable rate of growth in terms of prices was attained by Indonesia (+X% per year), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for bigeye tuna in the world?

The countries with the highest volumes of bigeye tuna consumption in 2020 were Japan, Taiwan Chinese) and Thailand, with a combined 63% share of global consumption. These countries were followed by China, South Korea, Ecuador, France and Mauritius, which together accounted for a further 21%.

What are the largest producers of bigeye tuna in the world?

The countries with the highest volumes of bigeye tuna production in 2020 were Taiwan Chinese), China and South Korea, together comprising 69% of global production. France, Ecuador, Panama, Indonesia, Oman and Singapore lagged somewhat behind, together accounting for a further 21%.

What are the leading suppliers of bigeye tuna to the Philippines?

In value terms, Indonesia constituted the largest supplier of bigeye tuna to the Philippines, comprising 69% of total imports. The second position in the ranking was occupied by Taiwan Chinese), with a 11% share of total imports. It was followed by Micronesia, with a 4.9% share.

What are the leading importers of bigeye tuna from the Philippines?

In value terms, Thailand remains the key foreign market for bigeye tuna exports from the Philippines, comprising 79% of total exports. The second position in the ranking was occupied by the U.S., with a 21% share of total exports.

What is the average export price for bigeye tuna in the Philippines?

In 2020, the average bigeye tuna export price amounted to $3,215 per ton, surging by 16% against the previous year.

What is the average import price for bigeye tuna in the Philippines?

In 2020, the average bigeye tuna import price amounted to $1,850 per ton, with an increase of 28% against the previous year.

This report provides an in-depth analysis of the bigeye tuna market in the Philippines. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.

Product coverage:

Country coverage:

Philippines

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in the Philippines
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023