Product Code: ETC388203 | Publication Date: Aug 2022 | Updated Date: May 2024 | Product Type: Market Research Report | |
Publisher: 6Wresearch | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 | |
Mexico Tuna market currently, in 2023, has witnessed an HHI of 7168, Which has increased slightly as compared to the HHI of 6437 in 2017. The market is moving towards Highly concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
Mexico is a significant player in the global tuna market, with a strong presence in both wild-caught and farmed tuna segments. The country boasts abundant tuna fisheries along its Pacific and Atlantic coasts, supporting a thriving fishing industry. Mexican tuna products are exported worldwide, with the United States being a key export destination. Factors such as growing consumer demand for seafood, changing dietary preferences, and increasing health consciousness are driving the consumption of tuna products in Mexico. Moreover, initiatives to promote sustainable fishing practices and certifications such as dolphin-safe labeling are shaping the future of the Mexican tuna market.
The tuna market in Mexico is propelled by the countrys strong fishing industry and the high demand for tuna in both domestic and international markets. Sustainable fishing practices and government initiatives to support the fishing sector are also significant factors contributing to the growth of this market.
Mexico`s tuna market grapples with sustainability concerns, overfishing, and changing oceanic conditions. Compliance with international regulations, such as those set by the Inter-American Tropical Tuna Commission, poses challenges for the Mexican tuna industry, affecting both domestic production and export potential.
Fishing regulations and sustainable practices promoted by the Mexican government are crucial to the tuna market. Policies focusing on marine conservation and sustainable fishing quotas help maintain fish populations and ensure long-term viability of the industry. Additionally, trade agreements and export policies play significant roles in shaping the market.