Global Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size

In 2022, the global frozen cuttlefishes market increased by X% to $X, rising for the second year in a row after two years of decline. Over the period under review, the total consumption indicated tangible 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. Over the period under review, the global market attained the maximum level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Frozen Cuttlefishes Production

In value terms, frozen cuttlefishes production stood at $X in 2022 estimated in export price. In general, the total production indicated a prominent 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 2018 indices. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, global production hit record highs at $X in 2018; however, from 2019 to 2022, production stood at a somewhat lower figure.

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Frozen Cuttlefishes Exports

Exports

For the sixth year in a row, the global market recorded decline in shipments abroad of frozen cuttlefishes, which decreased by X% to X tons in 2022. Over the period under review, exports faced a dramatic decline. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the global exports remained at a somewhat lower figure.

In value terms, frozen cuttlefishes exports fell modestly to $X in 2022. Overall, exports faced a dramatic downturn. The pace of growth appeared the most rapid in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2017 to 2022, the growth of the global exports failed to regain momentum.

Exports by Country

In 2022, Vietnam (X tons) was the key exporter of frozen cuttlefishes, mixing up X% of total exports. The United States (X tons) held the second position in the ranking, followed by Spain (X tons), India (X tons) and China (X tons). All these countries together held approx. X% share of total exports. Namibia (X tons), Indonesia (X tons), Senegal (X tons) and Angola (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 Vietnam stood at X%. At the same time, Angola (X%) and Namibia (X%) displayed positive paces of growth. Moreover, Angola emerged as the fastest-growing exporter exported in the world, with a CAGR of X% from 2012-2022. By contrast, Senegal (X%), Spain (X%), Indonesia (X%), the United States (X%), India (X%) and China (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Vietnam, Namibia, Spain, Senegal and Angola increased by X, X, X, X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Vietnam ($X) remains the largest frozen cuttlefishes supplier worldwide, comprising X% of global exports. The second position in the ranking was taken by China ($X), with a X% share of global exports. It was followed by India, with a X% share.

In Vietnam, frozen cuttlefishes exports declined by an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: China (X% per year) and India (X% per year).

Export Prices by Country

The average frozen cuttlefishes export price stood at $X per ton in 2022, picking up by X% against the previous year. Over the period under review, the export price posted buoyant growth. The growth pace was the most rapid in 2018 an increase of X%. The global export price peaked in 2022 and is expected to retain growth in years to come.

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 China ($X per ton), while Angola ($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 global leaders experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports

In 2022, overseas purchases of frozen cuttlefishes increased by X% to X tons, rising for the second consecutive year after six years of decline. In general, imports, however, faced a abrupt curtailment. Global imports peaked at X tons in 2014; however, from 2015 to 2022, imports remained at a lower figure.

In value terms, frozen cuttlefishes imports surged to $X in 2022. Overall, imports, however, continue to indicate a deep contraction. Global imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, China (X tons), Democratic People's Republic of Korea (X tons) and the United States (X tons) was the key importer of frozen cuttlefishes in the world, creating X% of total import. Thailand (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Russia (X%). The United Arab Emirates (X tons), Italy (X tons), South Africa (X tons), Malaysia (X tons), France (X tons) and Mexico (X tons) held a minor share of total imports.

From 2012 to 2022, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of X%), while purchases for the other global leaders experienced mixed trends in the imports figures.

In value terms, the United States ($X), Thailand ($X) and China ($X) constituted the countries with the highest levels of imports in 2022, with a combined X% share of global imports. Democratic People's Republic of Korea, Russia, Italy, Malaysia, France, the United Arab Emirates, South Africa and Mexico lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Democratic People's Republic of Korea, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other global leaders experienced mixed trends in the imports figures.

Import Prices by Country

The average frozen cuttlefishes import price stood at $X per ton in 2022, remaining relatively unchanged against the previous year. In general, import price indicated measured growth 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 import price decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Thailand ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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