Report Update Nov 1, 2024

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

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Finland: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Finland

The Finnish frozen cuttlefishes market dropped notably to $X in 2021, with a decrease of -36.4% 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). Overall, consumption saw a sharp shrinkage. Frozen cuttlefishes consumption peaked at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Frozen Cuttlefishes Exports

Exports from Finland

In 2021, frozen cuttlefishes exports from Finland amounted to X kg, almost unchanged from the previous year. In general, exports faced a precipitous descent. The most prominent rate of growth was recorded in 2015 when exports increased by 598% against the previous year. The exports peaked at X kg in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, frozen cuttlefishes exports totaled $X in 2021. Overall, exports faced a significant decline. The pace of growth was the most pronounced in 2019 with an increase of 520% against the previous year. Over the period under review, the exports attained the maximum at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

Russia (X kg) was the main destination for frozen cuttlefishes exports from Finland, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to Russia amounted to +10.3%.

From 2012 to 2021, the average annual growth rate of value to Russia totaled -23.4%.

Export Prices by Country

In 2021, the average frozen cuttlefishes export price amounted to $X per ton, approximately mirroring the previous year. Over the period under review, the export price continues to indicate a significant decline. The pace of growth was the most pronounced in 2018 when the average export price increased by 45% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2014; however, from 2015 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 Russia.

From 2012 to 2021, the rate of growth in terms of prices for Estonia amounted to -1.3% per year.

Frozen Cuttlefishes Imports

Imports into Finland

In 2021, the amount of frozen cuttlefishes imported into Finland contracted to X tons, reducing by -14.6% against 2020. In general, imports showed a dramatic decrease. The pace of growth was the most pronounced in 2016 when imports increased by 33%. Over the period under review, imports attained the maximum at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, frozen cuttlefishes imports declined sharply to $X in 2021. Overall, imports recorded a dramatic descent. The pace of growth appeared the most rapid in 2016 when imports increased by 33% against the previous year. Imports peaked at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Netherlands (X tons) constituted the largest supplier of frozen cuttlefishes to Finland, accounting for a 72% share of total imports. Moreover, frozen cuttlefishes imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Denmark (X kg), fivefold. The third position in this ranking was taken by Sweden (X kg), with a 9.2% share.

From 2012 to 2021, the average annual growth rate of volume from the Netherlands was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-14.4% per year) and Sweden (-34.0% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of frozen cuttlefishes to Finland, comprising 66% of total imports. The second position in the ranking was taken by Denmark ($X), with a 17% share of total imports. It was followed by Sweden, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from the Netherlands totaled +2.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-17.5% per year) and Sweden (-26.2% per year).

Import Prices by Country

In 2021, the average frozen cuttlefishes import price amounted to $X per ton, declining by -32.3% against the previous year. In general, the import price, however, posted a pronounced expansion. The pace of growth appeared the most rapid in 2020 when the average import price increased by 65%. As a result, import price reached the peak level of $X per ton, and then contracted markedly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Vietnam (+12.4%), 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 comprising 63% of global production.

What are the leading suppliers of frozen cuttlefishes to Finland?

In value terms, Germany constituted the largest supplier of frozen cuttlefishes to Finland, comprising 65% of total imports. The second position in the ranking was occupied by Denmark, with a 20% share of total imports.

What are the leading importers of frozen cuttlefishes from Finland?

In value terms, Estonia $315) remains the key foreign market for frozen cuttlefishes exports from Finland, comprising 79% of total exports. The second position in the ranking was occupied by the Netherlands $51), with a 13% share of total exports.

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

In 2019, the average frozen cuttlefishes export price amounted to $5,438 per ton, increasing by 28% against the previous year.

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

In 2020, the average frozen cuttlefishes import price amounted to $6,772 per ton, declining by -43.5% against the previous year.

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

Finland

Data coverage:

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