Asia-Pacific: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Asia-Pacific

The Asia-Pacific frozen cuttlefishes market reached $X in 2022, standing approx. at the previous year. Over the period under review, consumption recorded notable growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption remained at a lower figure.

Frozen Cuttlefishes Production in Asia-Pacific

In value terms, frozen cuttlefishes production stood at $X in 2022 estimated in export price. The total production indicated notable growth 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 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Frozen Cuttlefishes Exports

Exports in Asia-Pacific

In 2022, overseas shipments of frozen cuttlefishes were finally on the rise to reach X tons after five years of decline. Overall, exports, however, recorded a sharp reduction. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, frozen cuttlefishes exports expanded rapidly to $X in 2022. In general, exports, however, faced a sharp decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Vietnam represented the major exporter of frozen cuttlefishes in Asia-Pacific, with the volume of exports accounting for X tons, which was near X% of total exports in 2022. It was distantly followed by India (X tons), China (X tons) and Indonesia (X tons), together making up a X% share of total exports. The following exporters - Malaysia (X tons), Democratic People's Republic of Korea (X tons) and Sri Lanka (X tons) - each accounted for a X% share of total exports.

Exports from Vietnam decreased at an average annual rate of X% from 2012 to 2022. Sri Lanka (X%), Malaysia (X%), Indonesia (X%), India (X%), China (X%) and Democratic People's Republic of Korea (X%) illustrated a downward trend over the same period. Vietnam (X p.p.) and Sri Lanka (X p.p.) significantly strengthened its position in terms of the total exports, while India, Democratic People's Republic of Korea and China saw its share reduced by X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest frozen cuttlefishes supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by China ($X), with a X% share of total exports. It was followed by India, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Vietnam amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: China (X% per year) and India (X% per year).

Export Prices by Country

In 2022, the export price in Asia-Pacific amounted to $X per ton, rising by X% against the previous year. In general, the export price saw a strong increase. The growth pace was the most rapid in 2018 when the export price increased by X%. Over the period under review, the export prices reached the maximum in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was China ($X per ton), while Democratic People's Republic of Korea ($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 Asia-Pacific

In 2022, overseas purchases of frozen cuttlefishes increased by X% to X tons, rising for the third year in a row after five years of decline. In general, imports, however, saw a abrupt decrease. The pace of growth appeared the most rapid in 2013 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, frozen cuttlefishes imports totaled $X in 2022. Over the period under review, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2013 when imports increased by X%. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

China (X tons) and Democratic People's Republic of Korea (X tons) represented roughly X% of total imports in 2022. It was distantly followed by Thailand (X tons) and Malaysia (X tons), together constituting a X% share of total imports. The following importers - South Korea (X tons), Japan (X tons) and Hong Kong SAR (X tons) - each resulted at a X% share of total imports.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of X%), while imports for the other leaders experienced a decline in the imports figures.

In value terms, Thailand ($X), China ($X) and Democratic People's Republic of Korea ($X) were the countries with the highest levels of imports in 2022, together comprising X% of total imports.

Democratic People's Republic of Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

In 2022, the import price in Asia-Pacific amounted to $X per ton, which is down by X% against the previous year. In general, the import price, however, showed resilient growth. The most prominent rate of growth was recorded in 2019 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2020 to 2022, the import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was South Korea ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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