South-Eastern Asia: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in South-Eastern Asia

The Southeast Asian frozen cuttlefishes market fell modestly to $X in 2022, therefore, remained relatively stable against the previous year. The total consumption indicated buoyant growth 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, consumption increased by X% against 2020 indices. The level of consumption peaked at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Frozen Cuttlefishes Production in South-Eastern Asia

In value terms, frozen cuttlefishes production stood at $X in 2022 estimated in export price. The total production indicated a tangible increase 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, production decreased by X% against 2020 indices. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. The level of production peaked at $X in 2020; afterwards, it flattened through to 2022.

Frozen Cuttlefishes Exports

Exports in South-Eastern Asia

Frozen cuttlefishes exports skyrocketed to X tons in 2022, increasing by X% on the year before. Over the period under review, exports, however, showed a deep downturn. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen cuttlefishes exports soared to $X in 2022. Overall, exports, however, saw a deep setback. The level of export peaked at $X in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Vietnam prevails in exports structure, resulting at X tons, which was approx. X% of total exports in 2022. It was distantly followed by Indonesia (X tons), making up a X% share of total exports. Malaysia (X tons) followed a long way behind the leaders.

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

In value terms, Vietnam ($X) remains the largest frozen cuttlefishes supplier in South-Eastern Asia, comprising X% of total exports. The second position in the ranking was held by Indonesia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in Vietnam stood at X%. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Malaysia (X% per year).

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Overall, the export price continues to indicate a buoyant increase. The growth pace was the most rapid in 2021 an increase of X%. Over the period under review, the export prices attained the peak figure in 2022 and is likely to see gradual growth in the near future.

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

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

Frozen Cuttlefishes Imports

Imports in South-Eastern Asia

In 2022, approx. X tons of frozen cuttlefishes were imported in South-Eastern Asia; approximately equating 2021. Overall, imports faced a deep reduction. The pace of growth appeared the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2015; however, from 2016 to 2022, imports failed to regain momentum.

In value terms, frozen cuttlefishes imports expanded slightly to $X in 2022. In general, imports saw a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports hit record highs at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

Thailand was the main importing country with an import of around X tons, which finished at X% of total imports. It was distantly followed by Malaysia (X tons), making up a X% share of total imports. Singapore (X tons) and the Philippines (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen cuttlefishes imports into Thailand stood at X%. Malaysia (X%), Singapore (X%) and the Philippines (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Malaysia and Thailand increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Thailand ($X) constitutes the largest market for imported frozen cuttlefishes in South-Eastern Asia, comprising X% of total imports. The second position in the ranking was taken by Malaysia ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

In Thailand, frozen cuttlefishes imports decreased by an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Malaysia (X% per year) and Singapore (X% per year).

Import Prices by Country

The import price in South-Eastern Asia stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, the import price saw a prominent increase. The most prominent rate of growth was recorded in 2019 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied somewhat amongst the major importing countries. In 2022, major importing countries recorded the following prices: in Singapore ($X per ton) and Thailand ($X per ton), while the Philippines ($X per ton) and Malaysia ($X per ton) were amongst the lowest.

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

Source: IndexBox Platform

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