Germany: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Germany

In 2021, the German frozen cuttlefishes market increased by 32% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, saw a significant curtailment. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Frozen Cuttlefishes Exports

Exports from Germany

In 2021, overseas shipments of frozen cuttlefishes were finally on the rise to reach X tons for the first time since 2015, thus ending a five-year declining trend. Over the period under review, exports, however, showed a precipitous setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, frozen cuttlefishes exports skyrocketed to $X in 2021. In general, exports, however, faced a dramatic slump. Over the period under review, the exports hit record highs at $X in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Austria (X tons) and Poland (X tons) were the main destinations of frozen cuttlefishes exports from Germany, together comprising 44% of total exports. These countries were followed by Italy, France, Ireland, Belgium, the Czech Republic, Norway, Spain, Switzerland, Greece and Luxembourg, which together accounted for a further 50%.

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 -15.5%), while the other leaders experienced a decline.

In value terms, the largest markets for frozen cuttlefishes exported from Germany were the Netherlands ($X), Italy ($X) and Poland ($X), together comprising 38% of total exports. These countries were followed by France, Norway, Ireland, Austria, the Czech Republic, Spain, Belgium, Switzerland, Greece and Luxembourg, which together accounted for a further 54%.

Ireland, with a CAGR of -17.1%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination 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, with an increase of 23% against the previous year. Over the last nine years, it increased at an average annual rate of +2.1%. The most prominent rate of growth was recorded in 2020 when the average export price increased by 52%. Over the period under review, the average export prices attained the peak figure in 2021 and is expected to retain growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Norway ($X per ton), while the average price for exports to Austria ($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 Norway (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports into Germany

After eight years of decline, overseas purchases of frozen cuttlefishes increased by 26% to X tons in 2021. Overall, imports, however, faced a precipitous setback. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, frozen cuttlefishes imports skyrocketed to $X in 2021. Over the period under review, imports, however, recorded a precipitous decrease. Over the period under review, imports attained the peak figure at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

Spain (X tons), Belgium (X tons) and Italy (X tons) were the main suppliers of frozen cuttlefishes imports to Germany, with a combined 70% share of total imports. The Netherlands, Estonia, Portugal, Denmark, Greece, China and Thailand lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for Estonia (with a CAGR of +91.6%), while purchases for the other leaders experienced a decline.

In value terms, the largest frozen cuttlefishes suppliers to Germany were Spain ($X), Italy ($X) and Belgium ($X), together comprising 63% of total imports. The Netherlands, Estonia, Denmark, China, Portugal, Greece and Thailand lagged somewhat behind, together accounting for a further 34%.

Among the main suppliers, Estonia, with a CAGR of +91.6%, recorded the highest rates of growth with regard to 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, flattening at the previous year. Overall, import price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +2.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen cuttlefishes import price decreased by -1.2% against 2019 indices. The most prominent rate of growth was recorded in 2019 an increase of 47% against the previous year. As a result, import price reached the peak level of $X per ton. From 2020 to 2021, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Thailand ($X per ton), while the price for Greece ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+13.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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