Europe: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Europe

In 2022, the Europe frozen cuttlefishes market increased by X% to $X, rising for the third consecutive year after three years of decline. Over the period under review, consumption, however, faced a deep setback. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market failed to regain momentum.

Frozen Cuttlefishes Production in Europe

In value terms, frozen cuttlefishes production totaled $X in 2022 estimated in export price. In general, production, however, continues to indicate a significant expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by X%. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Frozen Cuttlefishes Exports

Exports in Europe

Frozen cuttlefishes exports dropped sharply to X tons in 2022, declining by X% compared with the year before. In general, exports saw a significant decrease. The pace of growth appeared the most rapid in 2014 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2022, the exports failed to regain momentum.

In value terms, frozen cuttlefishes exports declined markedly to $X in 2022. Over the period under review, exports faced a precipitous decline. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

Spain represented the major exporter of frozen cuttlefishes in Europe, with the volume of exports accounting for 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 near X% share of total exports. Russia (X tons), France (X tons), Latvia (X tons) and Denmark (X tons) followed a long way behind the leaders.

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 Europe, with a CAGR of X% from 2012-2022. By contrast, the Netherlands (X%), Italy (X%), Denmark (X%), Russia (X%) and France (X%) illustrated a downward trend over the same period. The Netherlands (X p.p.), Italy (X p.p.), Spain (X p.p.) and Latvia (X p.p.) significantly strengthened its position in terms of the total exports, while France 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, Spain ($X) remains the largest frozen cuttlefishes supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Italy, with a X% share.

In Spain, frozen cuttlefishes exports contracted by an average annual rate of X% over the period from 2012-2022. 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 Europe amounted to $X per ton, growing by X% against the previous year. Export price indicated a notable expansion 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 most prominent rate of growth was recorded in 2020 when the export price increased by X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

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 Russia (X%), while the other leaders experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports in Europe

In 2022, supplies from abroad of frozen cuttlefishes increased by X% to X tons, rising for the second year in a row after four years of decline. Overall, imports, however, faced a dramatic decline. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, frozen cuttlefishes imports totaled $X in 2022. Over the period under review, imports, however, saw a precipitous contraction. The growth pace was the most rapid in 2016 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

Russia was the main importing country with an import of about X tons, which finished at X% of total imports. Italy (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by France (X%) and Spain (X%). The following importers - Portugal (X tons), Greece (X tons) and the Netherlands (X tons) - together made up X% 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 Russia (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 Europe were Russia ($X), Italy ($X) and France ($X), together comprising X% of total imports.

In terms of the main importing countries, Russia, 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

The import price in Europe stood at $X per ton in 2022, waning by X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2021, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while Russia ($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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