Southern Asia: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Southern Asia

The South Asian frozen cuttlefishes market dropped slightly to $X in 2022, remaining stable against the previous year. Over the period under review, consumption saw a prominent expansion. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2022, consumption stood at a somewhat lower figure.

Frozen Cuttlefishes Production in Southern Asia

In value terms, frozen cuttlefishes production fell modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2016 when the production volume increased by X% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Frozen Cuttlefishes Exports

Exports in Southern Asia

In 2022, the amount of frozen cuttlefishes exported in Southern Asia shrank rapidly to X tons, waning by X% compared with 2021 figures. Overall, exports continue to indicate a sharp shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen cuttlefishes exports shrank to $X in 2022. Over the period under review, exports faced a precipitous shrinkage. The pace of growth was the most pronounced in 2016 when exports increased by X% against the previous year. 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

In 2022, India (X tons) was the key exporter of frozen cuttlefishes, mixing up X% of total exports. It was distantly followed by Sri Lanka (X tons), constituting a X% share of total exports. Bangladesh (X tons) took a relatively small share of total exports.

Exports from India decreased at an average annual rate of X% from 2012 to 2022. At the same time, Bangladesh (X%) displayed positive paces of growth. Moreover, Bangladesh emerged as the fastest-growing exporter exported in Southern Asia, with a CAGR of X% from 2012-2022. By contrast, Sri Lanka (X%) illustrated a downward trend over the same period. Sri Lanka (X p.p.) and Bangladesh (X p.p.) significantly strengthened its position in terms of the total exports, while India saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, India ($X) remains the largest frozen cuttlefishes supplier in Southern Asia, comprising X% of total exports. The second position in the ranking was held by Sri Lanka ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value in India totaled X%. In the other countries, the average annual rates were as follows: Sri Lanka (X% per year) and Bangladesh (X% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, picking up by X% against the previous year. Export price indicated a prominent 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 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Sri Lanka ($X per ton), while India ($X per ton) was amongst the lowest.

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

Frozen Cuttlefishes Imports

Imports in Southern Asia

In 2022, approx. X tons of frozen cuttlefishes were imported in Southern Asia; declining by X% against the previous year's figure. Over the period under review, imports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 when imports increased by X%. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, frozen cuttlefishes imports contracted markedly to $X in 2022. In general, imports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports failed to regain momentum.

Imports by Country

India was the main importing country with an import of around X tons, which recorded X% of total imports. Maldives (X tons) took the second position in the ranking, followed by Sri Lanka (X tons). All these countries together took near X% share of total imports. Afghanistan (X tons) took a little share of total imports.

India was also the fastest-growing in terms of the frozen cuttlefishes imports, with a CAGR of X% from 2012 to 2022. Maldives (X%), Sri Lanka (X%) and Afghanistan (X%) illustrated a downward trend over the same period. India (X p.p.) significantly strengthened its position in terms of the total imports, while Afghanistan and Sri Lanka saw its share reduced by X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, India ($X) constitutes the largest market for imported frozen cuttlefishes in Southern Asia, comprising X% of total imports. The second position in the ranking was held by Maldives ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual growth rate of value in India amounted to X%. In the other countries, the average annual rates were as follows: Maldives (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, flattening at the previous year. Overall, the import price posted a temperate expansion. The growth pace was the most rapid in 2016 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2017 to 2022, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Afghanistan ($X per ton), while Sri Lanka ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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