Report Update May 1, 2024

Puerto Rico - Frozen Cuttlefishes - Market Analysis, Forecast, Size, Trends and Insights

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Puerto Rico: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Exports

Exports by Country

In 2021, Morocco (X tons) represented the key exporter of frozen cuttlefishes, generating 40% of total exports. It was distantly followed by Vietnam (X tons), China (X tons) and Indonesia (X tons), together mixing up a 28% share of total exports. Spain (X tons), Mauritania (X tons), India (X tons), Namibia (X tons), the Philippines (X tons), Senegal (X tons), Democratic People's Republic of Korea (X tons), the United States (X tons) and Peru (X tons) held a minor share of total exports.

From 2012 to 2021, average annual rates of growth with regard to frozen cuttlefishes exports from Morocco stood at +9.4%. At the same time, Mauritania (+23.5%), Namibia (+7.1%) and Senegal (+5.7%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.5% from 2012-2021. By contrast, the Philippines (-3.7%), Vietnam (-4.0%), China (-20.0%), Spain (-20.3%), Democratic People's Republic of Korea (-27.0%), India (-29.5%), the United States (-33.4%), Peru (-37.7%) and Indonesia (-38.8%) illustrated a downward trend over the same period. Morocco (+37 p.p.), Vietnam (+11 p.p.), Mauritania (+2.8 p.p.), Namibia (+2.2 p.p.), Senegal (+2 p.p.) and the Philippines (+1.8 p.p.) significantly strengthened its position in terms of the global exports, while China, Democratic People's Republic of Korea, Indonesia, India, the United States and Peru saw its share reduced by -1.7%, -2.8%, -4.5%, -6.3%, -8.5% and -14.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest frozen cuttlefishes supplier from Puerto Rico, comprising 43% of global exports. The second position in the ranking was taken by China ($X), with a 15% share of global exports. It was followed by Vietnam, with a 14% share.

In Morocco, frozen cuttlefishes exports expanded at an average annual rate of +9.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (-16.3% per year) and Vietnam (-6.0% per year).

Frozen Cuttlefishes Imports

Imports by Country

In 2021, the Philippines (X tons), distantly followed by Democratic People's Republic of Korea (X tons), New Zealand (X tons), China (X tons), the United States (X tons), Thailand (X tons) and Spain (X tons) were the main importers of frozen cuttlefishes, together comprising 72% of total imports. South Korea (X tons), Italy (X tons), South Africa (X tons), Russia (X tons), Malaysia (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of +25.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen cuttlefishes importing markets into Puerto Rico were the Philippines ($X), the United States ($X) and Thailand ($X), together comprising 36% of total imports. These countries were followed by South Korea, Democratic People's Republic of Korea, China, Italy, Malaysia, Russia, Japan, South Africa, Spain and New Zealand, which together accounted for a further 46%.

Democratic People's Republic of Korea, with a CAGR of +29.1%, 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 more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen cuttlefishes in the world?

The countries with the highest volumes of consumption in 2021 were Peru, India and China, together accounting for 40% of global consumption. These countries were followed by Indonesia, Taiwan Chinese), Democratic People's Republic of Korea, New Zealand, Thailand, Chile, the Philippines, Malaysia, Argentina and Vietnam, which together accounted for a further 48%.

What are the largest producers of frozen cuttlefishes in the world?

The countries with the highest volumes of production in 2021 were Peru, India and China, with a combined 41% share of global production. These countries were followed by Indonesia, Taiwan Chinese), Morocco, Democratic People's Republic of Korea, Chile, New Zealand, Thailand, Vietnam, Malaysia and Argentina, which together accounted for a further 48%.

What are the leading suppliers of frozen cuttlefishes to Puerto Rico?

In value terms, the Philippines, the United States and Thailand were the countries with the highest levels of imports in 2021, together accounting for 36% of total imports. South Korea, Democratic People's Republic of Korea, China, Italy, Malaysia, Russia, Japan, South Africa, Spain and New Zealand lagged somewhat behind, together comprising a further 46%.

What are the leading importers of frozen cuttlefishes from Puerto Rico?

In value terms, Morocco remains the largest frozen cuttlefishes supplier from Puerto Rico, comprising 43% of global exports. The second position in the ranking was held by China, with a 15% share of global exports. It was followed by Vietnam, with a 14% share.

This report provides an in-depth analysis of the frozen cuttlefishes market in Puerto Rico. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Puerto Rico

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Puerto Rico
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023