MERCOSUR: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in MERCOSUR

The MERCOSUR frozen cuttlefishes market dropped modestly to $X in 2022, flattening at the previous year. In general, consumption saw prominent growth. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Frozen Cuttlefishes Production in MERCOSUR

In value terms, frozen cuttlefishes production contracted to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 with an increase of X%. As a result, production reached the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

Frozen Cuttlefishes Exports

Exports in MERCOSUR

In 2022, approx. X tons of frozen cuttlefishes were exported in MERCOSUR; waning by X% compared with the year before. In general, exports recorded a sharp decrease. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2013; however, from 2014 to 2022, the exports failed to regain momentum.

In value terms, frozen cuttlefishes exports fell significantly to $X in 2022. Overall, exports faced a significant contraction. The growth pace was the most rapid in 2016 with an increase of X%. The level of export peaked at $X in 2013; however, from 2014 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Peru was the main exporter of frozen cuttlefishes in MERCOSUR, with the volume of exports resulting at X tons, which was near X% of total exports in 2022. It was distantly followed by Ecuador (X tons), mixing up a X% share of total exports. Venezuela (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced a decline in the exports figures.

In value terms, the largest frozen cuttlefishes supplying countries in MERCOSUR were Peru ($X), Ecuador ($X) and Venezuela ($X), together comprising X% of total exports.

In terms of the main exporting countries, Venezuela, with a CAGR of X%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline in the exports figures.

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the export price saw a notable increase. The growth pace was the most rapid in 2018 when the export price increased by X%. As a result, the export price reached the peak level of $X per ton. From 2019 to 2022, the export prices remained at a somewhat lower figure.

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 Venezuela ($X per ton), while Ecuador ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Venezuela (X%), while the other leaders experienced mixed trends in the export price figures.

Frozen Cuttlefishes Imports

Imports in MERCOSUR

In 2022, supplies from abroad 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, showed a sharp descent. The most prominent rate of growth was recorded in 2020 with an increase of X%. The volume of import peaked at X tons in 2014; however, from 2015 to 2022, imports failed to regain momentum.

In value terms, frozen cuttlefishes imports stood at $X in 2022. Over the period under review, imports, however, showed a precipitous decrease. The most prominent rate of growth was recorded in 2020 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Colombia (X tons) represented the largest importer of frozen cuttlefishes, mixing up X% of total imports. It was distantly followed by Venezuela (X tons), achieving a X% share of total imports.

Colombia was also the fastest-growing in terms of the frozen cuttlefishes imports, with a CAGR of X% from 2012 to 2022. Venezuela (X%) illustrated a downward trend over the same period. While the share of Colombia (X p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Venezuela (X p.p.) displayed negative dynamics.

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

From 2012 to 2022, the average annual rate of growth in terms of value in Colombia amounted to X%.

Import Prices by Country

The import price in MERCOSUR stood at $X per ton in 2022, falling by X% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Colombia ($X per ton), while Venezuela totaled $X per ton.

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

Source: IndexBox Platform

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