Benelux: Frozen Cuttlefishes Market 2025

Frozen Cuttlefishes Market Size in Benelux

In 2021, after three years of decline, there was significant growth in the Benelux frozen cuttlefishes market, when its value increased by 43% to $X. In general, consumption showed slight growth. Over the period under review, the market attained the peak level at $X in 2017; however, from 2018 to 2021, consumption remained at a lower figure.

Frozen Cuttlefishes Production in Benelux

In value terms, frozen cuttlefishes production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2018 when the production volume increased by 187% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2021, production growth remained at a lower figure.

Frozen Cuttlefishes Exports

Exports in Benelux

Frozen cuttlefishes exports shrank rapidly to X tons in 2021, reducing by -44.3% against the previous year. Over the period under review, exports faced a dramatic shrinkage. The pace of growth was the most pronounced in 2019 when exports increased by 27% against the previous year. The volume of export peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, frozen cuttlefishes exports shrank notably to $X in 2021. Overall, exports recorded a precipitous decrease. The pace of growth appeared the most rapid in 2016 with an increase of 9.9% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands represented the largest exporter of frozen cuttlefishes in Benelux, with the volume of exports accounting for X tons, which was approx. 72% of total exports in 2021. It was distantly followed by Belgium (X tons), achieving a 28% share of total exports.

The Netherlands was also the fastest-growing in terms of the frozen cuttlefishes exports, with a CAGR of -30.3% from 2012 to 2021. Belgium (-38.9%) illustrated a downward trend over the same period. While the share of the Netherlands (+28 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Belgium (-27.8 p.p.) displayed negative dynamics.

In value terms, the Netherlands ($X) remains the largest frozen cuttlefishes supplier in Benelux, comprising 83% of total exports. The second position in the ranking was taken by Belgium ($X), with a 17% share of total exports.

In the Netherlands, frozen cuttlefishes exports decreased by an average annual rate of -23.4% over the period from 2012-2021.

Export Prices by Country

The export price in Benelux stood at $X per ton in 2021, with an increase of 27% against the previous year. Overall, the export price saw buoyant growth. The most prominent rate of growth was recorded in 2020 when the export price increased by 87%. The level of export peaked in 2021 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was the Netherlands ($X per ton), while Belgium totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+10.0%).

Frozen Cuttlefishes Imports

Imports in Benelux

In 2021, the amount of frozen cuttlefishes imported in Benelux declined sharply to X tons, with a decrease of -28% against 2020. Over the period under review, imports showed a sharp reduction. The most prominent rate of growth was recorded in 2016 when imports increased by 24%. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen cuttlefishes imports dropped modestly to $X in 2021. In general, imports recorded a dramatic contraction. The pace of growth was the most pronounced in 2016 with an increase of 44% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) represented the key importer of frozen cuttlefishes, creating 67% of total imports. It was distantly followed by Belgium (X tons), constituting a 29% share of total imports. Luxembourg (X tons) followed a long way behind the leaders.

Imports into the Netherlands decreased at an average annual rate of -24.7% from 2012 to 2021. Luxembourg (-20.1%) and Belgium (-30.6%) illustrated a downward trend over the same period. The Netherlands (+16 p.p.) and Luxembourg (+2.1 p.p.) significantly strengthened its position in terms of the total imports, while Belgium saw its share reduced by -17.7% from 2012 to 2021, respectively.

In value terms, the Netherlands ($X) constitutes the largest market for imported frozen cuttlefishes in Benelux, comprising 69% of total imports. The second position in the ranking was held by Belgium ($X), with a 27% share of total imports.

In the Netherlands, frozen cuttlefishes imports contracted by an average annual rate of -18.2% over the period from 2012-2021. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (-26.5% per year) and Luxembourg (-16.3% per year).

Import Prices by Country

The import price in Benelux stood at $X per ton in 2021, increasing by 33% against the previous year. Overall, the import price enjoyed prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied somewhat amongst the major importing countries. In 2021, the country with the highest price was Luxembourg ($X per ton), while Belgium ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+8.7%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform