Report Update Nov 1, 2024

Bangladesh - Frozen Cuttlefishes - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Bangladesh

The Bangladeshi frozen cuttlefishes market dropped modestly to $X in 2021, approximately mirroring the previous year. Overall, consumption, however, saw a strong expansion. Over the period under review, the market attained the maximum level at $X in 2018; afterwards, it flattened through to 2021.

Frozen Cuttlefishes Production in Bangladesh

In value terms, frozen cuttlefishes production shrank modestly to $X in 2021 estimated in export price. Overall, the total production indicated pronounced growth from 2012 to 2021: its value increased at an average annual rate of +3.8% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by +0.5% against 2019 indices. The most prominent rate of growth was recorded in 2016 with an increase of 45% against the previous year. Frozen cuttlefishes production peaked at $X in 2018; afterwards, it flattened through to 2021.

Frozen Cuttlefishes Exports

Exports from Bangladesh

In 2021, the amount of frozen cuttlefishes exported from Bangladesh contracted significantly to X tons, which is down by -20% against the year before. Overall, exports continue to indicate a dramatic downturn. The pace of growth appeared the most rapid in 2013 with an increase of 362% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2021, the growth of the exports remained at a lower figure.

In value terms, frozen cuttlefishes exports contracted significantly to $X in 2021. Over the period under review, exports recorded a sharp shrinkage. The most prominent rate of growth was recorded in 2016 when exports increased by 384% against the previous year. Over the period under review, the exports hit record highs at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

China (X kg), Hong Kong SAR (X kg) and Vietnam (X kg) were the main destinations of frozen cuttlefishes exports from Bangladesh, together comprising 85% of total exports. France, the United Arab Emirates, Norway and Thailand lagged somewhat behind, together comprising a further 14%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by France (with a CAGR of -16.5%), while the other leaders experienced a decline.

In value terms, China ($X), Hong Kong SAR ($X) and Vietnam ($X) appeared to be the largest markets for frozen cuttlefishes exported from Bangladesh worldwide, together accounting for 89% of total exports. France, Norway, the United Arab Emirates and Thailand lagged somewhat behind, together accounting for a further 9.7%.

Among the main countries of destination, France, with a CAGR of -20.1%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2021, the average frozen cuttlefishes export price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the export price, however, continues to indicate a prominent expansion. The pace of growth appeared the most rapid in 2016 an increase of 88% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2017; afterwards, it flattened through to 2021.

Prices varied noticeably country of destination: the country with the highest price was China ($X per ton), while the average price for exports to the United Arab Emirates ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to China (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports into Bangladesh

In 2018, approx. X kg of frozen cuttlefishes were imported into Bangladesh; waning by -99.5% against 2017. In general, imports showed a precipitous setback. The smallest decline of -95.6% was in 2017. Imports peaked at X tons in 2016; however, from 2017 to 2018, imports failed to regain momentum.

In value terms, frozen cuttlefishes imports fell remarkably to $X in 2018. Overall, imports saw a precipitous shrinkage. The smallest decline of -90.6% was in 2017. Over the period under review, imports attained the peak figure at $X in 2016; however, from 2017 to 2018, imports failed to regain momentum.

Imports by Country

In 2018, the United Arab Emirates (X kg) was the main frozen cuttlefishes supplier to Bangladesh, with a approx. 100% share of total imports.

From 2016 to 2018, the average annual rate of growth in terms of volume from the United Arab Emirates totaled -98.5%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of frozen cuttlefishes to Bangladesh.

From 2016 to 2018, the average annual growth rate of value from the United Arab Emirates amounted to -95.7%.

Import Prices by Country

The average frozen cuttlefishes import price stood at $X per ton in 2018, jumping by 303% against the previous year. Overall, the import price saw a significant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2016 to 2018, the rate of growth in terms of prices for the United Arab Emirates amounted to +192.1% per year.

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 frozen cuttlefishes consumption in 2020 were Peru, Indonesia and India, together comprising 59% of global consumption. These countries were followed by Spain, Democratic People's Republic of Korea, New Zealand and Thailand, which together accounted for a further 25%.

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

The countries with the highest volumes of frozen cuttlefishes production in 2020 were Peru, Indonesia and India, together comprising 63% of global production.

What are the leading suppliers of frozen cuttlefishes to Bangladesh?

In value terms, the United Arab Emirates constituted the largest supplier of frozen cuttlefishes to Bangladesh.

What are the leading importers of frozen cuttlefishes from Bangladesh?

In value terms, Hong Kong SAR, Vietnam and China appeared to be the largest markets for frozen cuttlefishes exported from Bangladesh worldwide, with a combined 88% share of total exports.

What is the average export price for frozen cuttlefishes in Bangladesh?

The average frozen cuttlefishes export price stood at $3,318 per ton in 2020, picking up by 3.9% against the previous year.

What is the average import price for frozen cuttlefishes in Bangladesh?

The average frozen cuttlefishes import price stood at $2,187 per ton in 2020, surging by 17% against the previous year.

This report provides an in-depth analysis of the frozen cuttlefishes market in Bangladesh. 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:

Bangladesh

Data coverage:

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

Reasons to buy this report:

Take advantage of the latest data
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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
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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