| Product Code: ETC388227 | Publication Date: Aug 2022 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Singapore`s tuna market experienced a steady increase in imports. This growth was primarily driven by rising consumer demand for seafood products. Major suppliers included countries like Thailand, Indonesia, and the Philippines.
The Singapore tuna market is driven by the demand for this popular and versatile fish variety. Tuna is appreciated for its use in sushi, sashimi, and canned products. Sustainability, responsible sourcing, and product quality will be critical for market players to meet the expectations of discerning consumers who prioritize freshness and ethical sourcing.
The growth of the Singapore tuna market is influenced by factors such as seafood consumption, international trade, and culinary versatility. Tuna is a popular choice for its lean meat and use in various dishes. Growth drivers include the demand for high-quality and sustainably sourced tuna products, innovations in tuna processing and distribution, and applications in sushi, sashimi, canned tuna, and seafood markets. As consumers appreciate tuna`s versatility and role in global cuisine, the tuna market is expected to grow, providing essential ingredients for a range of dishes.
The tuna market in Singapore faces challenges concerning tuna sourcing, seafood sustainability, and market competition. Tuna is a prized seafood choice, and managing its supply chain while adhering to responsible fishing practices is essential. Addressing concerns about tuna stock conservation, overfishing, and adherence to sustainable seafood standards is important for market viability.
The tuna market in Singapore experienced changes during the COVID-19 pandemic. With fluctuations in seafood supply chains and shifts in consumer preferences, the market adjusted to evolving demand for tuna products, including canned and fresh options. Suppliers adapted by offering a variety of tuna products suitable for different culinary uses. The pandemic accelerated the trend of home cooking and exploring international cuisines, influencing market strategies.
Tuna suppliers like Fortune Food and Hai Sia Seafood play vital roles in the Singapore tuna market. They offer various tuna products to meet the preferences of consumers seeking this widely used fish variety.
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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