Eastern Europe: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Eastern Europe

For the third year in a row, the East European frozen cuttlefishes market recorded growth in sales value, which increased by X% to $X in 2022. In general, consumption saw a moderate expansion. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a somewhat lower figure.

Frozen Cuttlefishes Production in Eastern Europe

In value terms, frozen cuttlefishes production surged to $X in 2022 estimated in export price. Over the period under review, production saw a prominent expansion. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, production reached the maximum level in 2022 and is likely to see gradual growth in the near future.

Frozen Cuttlefishes Exports

Exports in Eastern Europe

In 2022, approx. X tons of frozen cuttlefishes were exported in Eastern Europe; waning by X% against the previous year. Over the period under review, exports recorded a precipitous shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen cuttlefishes exports declined modestly to $X in 2022. In general, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia was the main exporting country with an export of about X tons, which accounted for X% of total exports. Latvia (X tons) took the second position in the ranking, distantly followed by Estonia (X tons) and Bulgaria (X tons). All these countries together took approx. X% share of total exports. Lithuania (X tons) and Belarus (X tons) took a relatively small share of total exports.

From 2012 to 2022, average annual rates of growth with regard to frozen cuttlefishes exports from Russia stood at X%. At the same time, Belarus (X%), Latvia (X%), Bulgaria (X%) and Estonia (X%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Lithuania (X%) illustrated a downward trend over the same period. Latvia (X p.p.), Estonia (X p.p.), Bulgaria (X p.p.), Lithuania (X p.p.) and Belarus (X p.p.) significantly strengthened its position in terms of the total exports, while Russia saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, the largest frozen cuttlefishes supplying countries in Eastern Europe were Russia ($X), Latvia ($X) and Estonia ($X), with a combined X% share of total exports.

Latvia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in Eastern Europe amounted to $X per ton, growing by X% against the previous year. Overall, the export price enjoyed a buoyant increase. 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 hit record highs in 2022 and is expected to retain growth in the near future.

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 Estonia ($X per ton), while Bulgaria ($X per ton) was amongst the lowest.

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

Frozen Cuttlefishes Imports

Imports in Eastern Europe

In 2022, purchases abroad of frozen cuttlefishes increased by X% to X tons, rising for the second consecutive year after six years of decline. Over the period under review, imports saw modest growth. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, frozen cuttlefishes imports skyrocketed to $X in 2022. Total imports indicated a temperate 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, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Russia prevails in imports structure, reaching X tons, which was near X% of total imports in 2022. Moldova (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to frozen cuttlefishes imports into Russia stood at X%. At the same time, Moldova (X%) displayed positive paces of growth. Moreover, Moldova emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. Russia (X p.p.) significantly strengthened its position in terms of the total imports, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported frozen cuttlefishes in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Moldova ($X), with a X% share of total imports.

In Russia, frozen cuttlefishes imports expanded at an average annual rate of X% over the period from 2012-2022.

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, waning by X% against the previous year. Overall, the import price, however, continues to indicate a mild increase. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. As a result, import price attained the peak level of $X per ton. From 2019 to 2022, the import prices remained at a 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 Moldova ($X per ton), while Russia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%).

Source: IndexBox Platform

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