New Zealand: Frozen Cuttlefishes Market 2025

Frozen Cuttlefishes Market Size in New Zealand

In 2021, the New Zealand frozen cuttlefishes market increased by 4.2% to $X, rising for the fifth consecutive year after two years of decline. Overall, consumption saw a buoyant increase. Over the period under review, the market reached the maximum level in 2021 and is likely to see gradual growth in years to come.

Frozen Cuttlefishes Production in New Zealand

In value terms, frozen cuttlefishes production contracted modestly to $X in 2021 estimated in export price. Overall, the total production indicated a tangible increase from 2012 to 2021: its value increased at an average annual rate of +4.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production increased by +62.4% against 2016 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by 48% against the previous year. Over the period under review, production hit record highs at $X in 2020, and then fell modestly in the following year.

Frozen Cuttlefishes Exports

Exports from New Zealand

In 2021, frozen cuttlefishes exports from New Zealand stood at X tons, stabilizing at the year before. Over the period under review, exports, however, continue to indicate a significant contraction. The pace of growth was the most pronounced in 2016 with an increase of 195%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports failed to regain momentum.

In value terms, frozen cuttlefishes exports expanded rapidly to $X in 2021. Overall, exports, however, continue to indicate a sharp slump. The pace of growth was the most pronounced in 2016 with an increase of 187%. As a result, the exports reached the peak of $X. From 2017 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

The United States (X tons) was the main destination for frozen cuttlefishes exports from New Zealand, with a 86% share of total exports. Moreover, frozen cuttlefishes exports to the United States exceeded the volume sent to the second major destination, South Africa (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume to the United States stood at +5.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+75.9% per year) and Australia (-37.4% per year).

In value terms, the United States ($X) remains the key foreign market for frozen cuttlefishes exports from New Zealand, comprising 92% of total exports. The second position in the ranking was held by South Africa ($X), with a 4.5% share of total exports.

From 2012 to 2021, the average annual growth rate of value to the United States stood at +7.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: South Africa (+82.3% per year) and Australia (-37.5% per year).

Export Prices by Country

The average frozen cuttlefishes export price stood at $X per ton in 2021, surging by 8.2% against the previous year. Overall, the export price showed a buoyant increase. The pace of growth appeared the most rapid in 2018 an increase of 84% against the previous year. The export price peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major overseas markets. In 2021, the country with the highest price was the United States ($X per ton), while the average price for exports to South Africa ($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 China (+9.5%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports into New Zealand

In 2021, supplies from abroad of frozen cuttlefishes increased by 18% to X tons, rising for the fifth consecutive year after four years of decline. In general, imports recorded moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of 19% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in the near future.

In value terms, frozen cuttlefishes imports fell to $X in 2021. Over the period under review, imports, however, faced a abrupt descent. The growth pace was the most rapid in 2016 when imports increased by 23%. Over the period under review, imports hit record highs at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, China (X tons) was the main supplier of frozen cuttlefishes to New Zealand, accounting for a 94% share of total imports. Moreover, frozen cuttlefishes imports from China exceeded the figures recorded by the second-largest supplier, South Korea (X tons), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China amounted to +6.1%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+32.0% per year) and Thailand (-27.4% per year).

In value terms, China ($X) constituted the largest supplier of frozen cuttlefishes to New Zealand, comprising 83% of total imports. The second position in the ranking was held by South Korea ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at -11.7%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+20.5% per year) and Thailand (-38.0% per year).

Import Prices by Country

In 2021, the average frozen cuttlefishes import price amounted to $X per ton, which is down by -27.7% against the previous year. In general, the import price saw a abrupt decrease. The most prominent rate of growth was recorded in 2016 an increase of 27% against the previous year. As a result, import price attained the peak level of $X per ton. From 2017 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably country of origin: the country with the highest price was South Korea ($X per ton), while the price for China ($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 United States (+8.5%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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