Report Update Nov 1, 2024

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

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Brazil: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Brazil

In 2021, the Brazilian frozen cuttlefishes market was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, saw a sharp downturn. As a result, consumption reached the peak level of $X. From 2017 to 2021, the growth of the market remained at a lower figure.

Frozen Cuttlefishes Exports

Exports from Brazil

For the eighth year in a row, Brazil recorded growth in overseas shipments of frozen cuttlefishes, which increased by 42% to X kg in 2021. Over the period under review, exports saw significant growth. The most prominent rate of growth was recorded in 2019 with an increase of 114% against the previous year. The exports peaked in 2021 and are likely to continue growth in years to come.

In value terms, frozen cuttlefishes exports skyrocketed to $X in 2021. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of 159% against the previous year. The exports peaked in 2021 and are likely to see gradual growth in years to come.

Exports by Country

Croatia (X kg) was the main destination for frozen cuttlefishes exports from Brazil, accounting for a approx. 99% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Croatia amounted to +39.3%.

In value terms, Croatia ($X) also remains the key foreign market for frozen cuttlefishes exports from Brazil.

From 2012 to 2021, the average annual rate of growth in terms of value to Croatia totaled +29.9%.

Export Prices by Country

In 2021, the average frozen cuttlefishes export price amounted to $X per ton, shrinking by -9.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when the average export price increased by 21%. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for Croatia.

From 2012 to 2021, the rate of growth in terms of prices for Croatia amounted to -6.6% per year.

Frozen Cuttlefishes Imports

Imports into Brazil

In 2021, purchases abroad of frozen cuttlefishes increased by 4.9% to X tons, rising for the second year in a row after three years of decline. Over the period under review, imports, however, faced a precipitous shrinkage. The most prominent rate of growth was recorded in 2016 with an increase of 90%. As a result, imports reached the peak of X tons. From 2017 to 2021, the growth of imports remained at a lower figure.

In value terms, frozen cuttlefishes imports totaled $X in 2021. Overall, imports, however, recorded a dramatic setback. The pace of growth appeared the most rapid in 2016 when imports increased by 117% against the previous year. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

Imports by Country

Argentina (X tons), Chile (X tons) and Peru (X tons) were the main suppliers of frozen cuttlefishes imports to Brazil, with a combined 97% share of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Argentina (with a CAGR of -37.1%), while imports for the other leaders experienced a decline.

In value terms, the largest frozen cuttlefishes suppliers to Brazil were Chile ($X), Argentina ($X) and Peru ($X), together accounting for 97% of total imports.

Among the main suppliers, Argentina, with a CAGR of -37.1%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2021, the average frozen cuttlefishes import price amounted to $X per ton, which is down by -4.7% against the previous year. Overall, the import price continues to indicate a slight contraction. The pace of growth was the most pronounced in 2018 an increase of 61%. Over the period under review, average import prices reached the maximum at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

Prices varied noticeably country of origin: the country with the highest price was Uruguay ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Uruguay (+7.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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, with a combined 59% share 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 accounting for 63% of global production.

What are the leading suppliers of frozen cuttlefishes to Brazil?

In value terms, Argentina constituted the largest supplier of frozen cuttlefishes to Brazil, comprising 91% of total imports. The second position in the ranking was occupied by Uruguay, with a 5% share of total imports.

What are the leading importers of frozen cuttlefishes from Brazil?

In value terms, the largest markets for frozen cuttlefishes exported from Brazil were Panama, Malta $908) and the UK $592), with a combined 56% share of total exports.

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

In 2020, the average frozen cuttlefishes export price amounted to $8,728 per ton, growing by 27% against the previous year.

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

The average frozen cuttlefishes import price stood at $1,900 per ton in 2020, reducing by -7.6% against the previous year.

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

Brazil

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Brazil
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
Find deeper insights into current market developments
Discover vital success factors affecting the market

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
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
How to prepare your business for global expansion

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