Report Update Nov 1, 2024

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

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Colombia: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Colombia

The Colombian frozen cuttlefishes market surged to $X in 2021, rising by 71% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Over the period under review, consumption, however, recorded a abrupt setback. Frozen cuttlefishes consumption peaked at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Frozen Cuttlefishes Exports

Exports from Colombia

In 2021, exports of frozen cuttlefishes from Colombia shrank sharply to X kg, which is down by -36.3% compared with 2020 figures. Overall, exports continue to indicate a dramatic setback. The growth pace was the most rapid in 2016 with an increase of 96% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

In value terms, frozen cuttlefishes exports soared to $X in 2021. Over the period under review, exports recorded a deep contraction. The growth pace was the most rapid in 2016 with an increase of 33% against the previous year. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

Venezuela (X kg) was the main destination for frozen cuttlefishes exports from Colombia, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual growth rate of volume to Venezuela totaled -33.2%.

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

From 2012 to 2021, the average annual growth rate of value to Venezuela amounted to -16.7%.

Export Prices by Country

In 2021, the average frozen cuttlefishes export price amounted to $X per ton, increasing by 81% against the previous year. In general, the export price showed a significant increase. The pace of growth was the most pronounced in 2019 when the average export price increased by 596%. Over the period under review, the average export prices attained the maximum in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Venezuela amounted to +24.7% per year.

Frozen Cuttlefishes Imports

Imports into Colombia

In 2021, approx. X tons of frozen cuttlefishes were imported into Colombia; picking up by 87% on 2020 figures. Overall, imports, however, continue to indicate a abrupt slump. The pace of growth appeared the most rapid in 2019 with an increase of 804% against the previous year. Imports peaked at X tons in 2015; however, from 2016 to 2021, imports stood at a somewhat lower figure.

In value terms, frozen cuttlefishes imports surged to $X in 2021. In general, imports, however, saw a noticeable reduction. The most prominent rate of growth was recorded in 2019 when imports increased by 873%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Peru (X tons) and Chile (X tons) were the main suppliers of frozen cuttlefishes imports to Colombia, together comprising 92% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by China (with a CAGR of +2.1%), while imports for the other leaders experienced mixed trend patterns.

In value terms, China ($X) constituted the largest supplier of frozen cuttlefishes to Colombia, comprising 68% of total imports. The second position in the ranking was held by Peru ($X), with a 15% share of total imports. It was followed by Chile, with a 7.9% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +2.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (-1.7% per year) and Chile (-7.1% per year).

Import Prices by Country

The average frozen cuttlefishes import price stood at $X per ton in 2021, reducing by -10.5% against the previous year. Overall, the import price, however, posted buoyant growth. The growth pace was the most rapid in 2020 when the average import price increased by 58%. As a result, import price attained the peak level of $X per ton, and then fell in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Ecuador (+25.0%), 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, together comprising 59% of global consumption. Spain, Democratic People's Republic of Korea, New Zealand and Thailand lagged somewhat behind, together accounting 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, with a combined 63% share of global production.

What are the leading suppliers of frozen cuttlefishes to Colombia?

In value terms, China constituted the largest supplier of frozen cuttlefishes to Colombia, comprising 84% of total imports. The second position in the ranking was occupied by Peru, with a 9.2% share of total imports. It was followed by Ecuador, with a 2.9% share.

What are the leading importers of frozen cuttlefishes from Colombia?

In value terms, Venezuela remains the key foreign market for frozen cuttlefishes exports from Colombia.

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

In 2020, the average frozen cuttlefishes export price amounted to $4,431 per ton, declining by -40.1% against the previous year.

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

In 2020, the average frozen cuttlefishes import price amounted to $3,075 per ton, remaining stable against the previous year.

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

Colombia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Colombia
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