ASEAN: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in ASEAN

The ASEAN frozen cuttlefishes market contracted slightly to $X in 2022, flattening at the previous year. The total consumption indicated a resilient increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2020 indices. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Frozen Cuttlefishes Production in ASEAN

In value terms, frozen cuttlefishes production stood at $X in 2022 estimated in export price. The total production indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by X% against 2020 indices. The pace of growth appeared the most rapid in 2016 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2020; afterwards, it flattened through to 2022.

Frozen Cuttlefishes Exports

Exports in ASEAN

In 2022, approx. X tons of frozen cuttlefishes were exported in ASEAN; with an increase of X% compared with 2021 figures. In general, exports, however, recorded a abrupt slump. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, frozen cuttlefishes exports skyrocketed to $X in 2022. Overall, exports, however, showed a deep setback. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam dominates exports structure, finishing at X tons, which was near X% of total exports in 2022. It was distantly followed by Indonesia (X tons), committing a X% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

Vietnam was also the fastest-growing in terms of the frozen cuttlefishes exports, with a CAGR of X% from 2012 to 2022. Malaysia (X%) and Indonesia (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) significantly strengthened its position in terms of the total exports, while Malaysia and Indonesia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Vietnam ($X) remains the largest frozen cuttlefishes supplier in ASEAN, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports.

In Vietnam, frozen cuttlefishes exports plunged by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2022, the export price in ASEAN amounted to $X per ton, increasing by X% against the previous year. In general, the export price recorded prominent growth. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2022 and is likely to continue growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports in ASEAN

In 2022, the amount of frozen cuttlefishes imported in ASEAN reduced slightly to X tons, approximately reflecting the previous year's figure. Over the period under review, imports saw a deep setback. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, imports reached the peak figure at X tons in 2015; however, from 2016 to 2022, imports remained at a lower figure.

In value terms, frozen cuttlefishes imports stood at $X in 2022. In general, imports recorded a abrupt slump. The pace of growth was the most pronounced in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Thailand represented the key importing country with an import of about X tons, which recorded X% of total imports. It was distantly followed by Malaysia (X tons), constituting a X% share of total imports. Singapore (X tons) and the Philippines (X tons) held a minor share of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen cuttlefishes imports into Thailand stood at X%. Malaysia (X%), Singapore (X%) and the Philippines (X%) illustrated a downward trend over the same period. Malaysia (X p.p.) and Thailand (X p.p.) significantly strengthened its position in terms of the total imports, while the Philippines saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported frozen cuttlefishes in ASEAN, comprising X% of total imports. The second position in the ranking was held by Malaysia ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Thailand totaled X%. In the other countries, the average annual rates were as follows: Malaysia (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2022, the import price in ASEAN amounted to $X per ton, growing by X% against the previous year. Overall, the import price posted a remarkable increase. The most prominent rate of growth was recorded in 2019 an increase of X%. The level of import peaked in 2022 and is likely to continue growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Singapore ($X per ton) and Thailand ($X per ton), while the Philippines ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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