EU: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in the EU

The EU frozen cuttlefishes market expanded modestly to $X in 2022, growing by X% against the previous year. Overall, consumption, however, saw a abrupt decline. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Frozen Cuttlefishes Production in the EU

In value terms, frozen cuttlefishes production reached $X in 2022 estimated in export price. Over the period under review, production, however, saw significant growth. 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 hit record highs at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Frozen Cuttlefishes Exports

Exports in the EU

In 2022, shipments abroad of frozen cuttlefishes decreased by X% to X tons, falling for the seventh year in a row after two years of growth. Over the period under review, exports recorded a significant contraction. The pace of growth was the most pronounced in 2014 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, frozen cuttlefishes exports declined rapidly to $X in 2022. Overall, exports faced a precipitous curtailment. The pace of growth appeared the most rapid in 2016 with an increase of 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

Spain was the main exporter of frozen cuttlefishes in the European Union, with the volume of exports amounting to X tons, which was approx. X% of total exports in 2022. The Netherlands (X tons) held the second position in the ranking, followed by Italy (X tons). All these countries together held approx. X% share of total exports. The following exporters - France (X tons), Latvia (X tons), Denmark (X tons) and Greece (X tons) - each finished at a X% share of total exports.

From 2012 to 2022, average annual rates of growth with regard to frozen cuttlefishes exports from Spain stood at X%. At the same time, Latvia (X%) displayed positive paces of growth. Moreover, Latvia emerged as the fastest-growing exporter exported in the European Union, with a CAGR of X% from 2012-2022. By contrast, the Netherlands (X%), Italy (X%), Greece (X%), Denmark (X%) and France (X%) illustrated a downward trend over the same period. While the share of the Netherlands (X p.p.), Italy (X p.p.) and Latvia (X p.p.) increased significantly in terms of the total exports from 2012-2022, the share of France (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Spain ($X) remains the largest frozen cuttlefishes supplier in the European Union, comprising X% of total exports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Spain totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Italy (X% per year).

Export Prices by Country

In 2022, the export price in the European Union amounted to $X per ton, surging by X% against the previous year. Export price indicated a moderate increase from 2012 to 2022: its price 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, frozen cuttlefishes export price increased by X% against 2017 indices. The growth pace was the most rapid in 2020 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in years to come.

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

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

Frozen Cuttlefishes Imports

Imports in the EU

In 2022, the amount of frozen cuttlefishes imported in the European Union declined to X tons, with a decrease of X% on the previous year. In general, imports recorded a significant contraction. The pace of growth was the most pronounced in 2019 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen cuttlefishes imports reduced to $X in 2022. Overall, imports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2016 when imports increased by X%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Italy (X tons) and France (X tons) represented roughly X% of total imports in 2022. Spain (X tons) held the next position in the ranking, followed by Portugal (X tons) and Greece (X tons). All these countries together held approx. X% share of total imports. The Netherlands (X tons) and Croatia (X tons) followed a long way behind the leaders.

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

In value terms, the largest frozen cuttlefishes importing markets in the European Union were Italy ($X), France ($X) and Spain ($X), with a combined X% share of total imports.

In terms of the main importing countries, France, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, 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 the European Union amounted to $X per ton, increasing by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2016 an increase of X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

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 the Netherlands ($X per ton), while Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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