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The main supplier of northern bluefin (Thunnus thynnus and / or Thunnus orientalis) in the quarter was Republic of Korea

Bluefin tuna prices 9% higher than on same period last year

Click on the flag for more information about Japan JAPAN
Tuesday, May 21, 2019, 05:10 (GMT + 9)

The average CIF price of fresh bluefin (Thunnus thynnus, Thunnus orientalis and Thunnus maccoyi) imported by Japan in March was JPY 1,920/kg, 12% higher than last month and 19% higher than March 2018. In the first quarter of the year it averages JPY 1,824 / kg, 9% more than in the same period of the previous year.

The main suppliers in the month were Republic of Korea, with 67 tonnes at JPY 350/kg, Taiwan, with 74 tonnes at JPY 943/kg and Australia, with 100 tonnes at JPY 1,643/kg.

Table 1: Average price at Japan Customs, in JPY/kg

Origin

Average price at Customs (JPY/kg)

% Variation

Mar/19

Feb/19

Mar/18

Mar/19 Feb/19

Mar/19 Mar/18

Spain

2,503

-

2,801

-

-11%

Italy

-

-

-

-

-

Malta

2,476

2,440

-

+1%

-

Greece

-

-

2,709

-

-

Turkey

-

-

-

-

-

USA

-

-

3,168

-

-

Mexico

-

-

3,792

-

-

Australia (SBFT)

1,643

1,497

2,614

+10%

-37%

Source: Japanese Customs

Graph 1: Average customs price of Japanese imports of fresh bluefin, 2015/2019, in JPY/kg

 Graph 1: Average customs price of Japanese imports of fresh bluefin, 2015/2019, in JPY/kg

Source: Customs/FIS.com

Markets

In March, 524 tonnes of fresh bluefin were imported for a value at Japanese customs of JPY 1,006 million.

These figures are up 3% in volume and 16% in value on those registered in the previous month. In relation to March last year imports grew 16% in volume and 19% in value.

Graph 2: Japanese imports of fresh bluefin, 2015/2019

 Graph 2: Japanese imports of fresh bluefin, 2015/2019

Source: Customs/FIS.com

In the first quarter of the year 1,463 tonnes were imported for JPY 2,668 million, 6% more in volume and 15% in value than in the same period last year.

Graph 3: Cumulative monthly Japanese imports of fresh northern bluefin, 2015/2019, in tonnes

 Graph 3: Cumulative monthly Japanese imports of fresh northern bluefin, 2015/2019, in tonnes

Source: Customs/FIS.com

The main supplier of Northern bluefin (Thunnus thynnus and / or Thunnus orientalis) in the quarter was Republic of Korea with 230 tonnes and JPY 441 million.

Graph 4: Imports of fresh southern bluefin, accumulated monthly, 2015/2019, in tonnes

 Graph 4: Imports of fresh southern bluefin, accumulated monthly, 2015/2019, in tonnes

Source: Customs/FIS.com

The origin of fresh Southern bluefin (Thunnus maccoyii) came from the Republic of Korea (124 tonnes), Taiwan (282 tonnes) and Australia (120 tonnes).

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