Asia-Pacific: Frozen Cuttlefishes Market 2025

Frozen Cuttlefishes Market Size in Asia-Pacific

In 2021, after four years of growth, there was decline in the Asia-Pacific frozen cuttlefishes market, when its value decreased by -2.9% to $X. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Frozen Cuttlefishes Production in Asia-Pacific

In value terms, frozen cuttlefishes production dropped slightly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.3% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 13% against the previous year. The level of production peaked at $X in 2020, and then declined modestly in the following year.

Frozen Cuttlefishes Exports

Exports in Asia-Pacific

In 2021, shipments abroad of frozen cuttlefishes increased by 11% to X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, exports, however, faced a sharp shrinkage. The growth pace was the most rapid in 2013 when exports increased by 21% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

In value terms, frozen cuttlefishes exports rose sharply to $X in 2021. Overall, exports, however, saw a abrupt contraction. The pace of growth appeared the most rapid in 2016 with an increase of 26%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Vietnam (X tons) and China (X tons) represented roughly 68% of total exports in 2021. It was distantly followed by India (X tons), the Philippines (X tons) and Democratic People's Republic of Korea (X tons), together comprising a 16% share of total exports. Taiwan (Chinese) (X tons) and Pakistan (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Pakistan (with a CAGR of -3.1%), while the other leaders experienced a decline in the exports figures.

In value terms, China ($X), Vietnam ($X) and Democratic People's Republic of Korea ($X) constituted the countries with the highest levels of exports in 2021, with a combined 74% share of total exports. The Philippines, India, Taiwan (Chinese) and Pakistan lagged somewhat behind, together comprising a further 14%.

Among the main exporting countries, Pakistan, with a CAGR of +1.2%, saw 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 Asia-Pacific stood at $X per ton in 2021, shrinking by -1.6% against the previous year. In general, the export price, however, enjoyed a tangible expansion. The most prominent rate of growth was recorded in 2016 an increase of 27%. Over the period under review, the export prices reached the maximum at $X per ton in 2020, and then shrank slightly in the following year.

Prices varied noticeably country of origin: the country with the highest price was Democratic People's Republic of Korea ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (+16.6%), while the other leaders experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports in Asia-Pacific

In 2021, purchases abroad of frozen cuttlefishes was finally on the rise to reach X tons after six years of decline. In general, imports, however, showed a deep downturn. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, frozen cuttlefishes imports stood at $X in 2021. Overall, imports, however, faced a abrupt downturn. The pace of growth was the most pronounced in 2016 when imports increased by 12%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

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), Thailand (X tons) and South Korea (X tons) were the key importers of frozen cuttlefishes, together comprising 92% of total imports. Malaysia (X tons) took a little share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the key importing countries, was attained by Democratic People's Republic of Korea (with a CAGR of +25.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen cuttlefishes importing markets in Asia-Pacific were the Philippines ($X), Thailand ($X) and South Korea ($X), with a combined 52% share of total imports. Democratic People's Republic of Korea, China, Malaysia and New Zealand lagged somewhat behind, together accounting for a further 33%.

Among the main importing countries, Democratic People's Republic of Korea, with a CAGR of +29.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, therefore, remained relatively stable against the previous year. In general, the import price recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 when the import price increased by 57% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the import prices remained at a lower figure.

Prices varied noticeably country of destination: the country with the highest price was Thailand ($X per ton), while New Zealand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+12.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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