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Trends
and Predictions
• The industry
is in a slump with supply exceeding demand.
• Increased
catches in the Eastern Pacific, large inventories of
canned product and flat consumption growth in major
markets are all driving raw material and finished product
prices down.
• Skipjack
prices reached unprecendented lows.The first half of
2000 saw slight increases but it is not clear when the
market will recover.
• Sales
of canned tuna have not increased dramatically inspite
of efforts to promote the product in major consuming
markets.
• Manufacturing
is driven by fewer players.Thailand is facing competition
from the Philippines and Indonesia.
• There
are indications of a gradual shift to value-added products.
• The
foodservice sector appears to be gaining added importance
while retail markets remain stable.
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