Report Update Nov 1, 2024

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

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Norway: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Norway

The Norwegian frozen cuttlefishes market fell remarkably to $X in 2021, with a decrease of -16.4% against the previous year. Overall, consumption faced a sharp contraction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Frozen Cuttlefishes Production in Norway

In value terms, frozen cuttlefishes production declined notably to $X in 2021 estimated in export price. In general, production, however, continues to indicate a dramatic descent. Frozen cuttlefishes production peaked at $X in 2017; however, from 2018 to 2021, production stood at a somewhat lower figure.

Frozen Cuttlefishes Exports

Exports from Norway

For the third year in a row, Norway recorded growth in overseas shipments of frozen cuttlefishes, which increased by 15% to X tons in 2021. Overall, exports continue to indicate a strong expansion. The growth pace was the most rapid in 2019 with an increase of 139%. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen cuttlefishes exports soared to $X in 2021. Over the period under review, exports saw a resilient increase. The pace of growth appeared the most rapid in 2019 when exports increased by 129% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

The Netherlands (X tons), Malaysia (X tons) and the UK (X tons) were the main destinations of frozen cuttlefishes exports from Norway, together comprising 87% of total exports.

From 2012 to 2021, the biggest increases were recorded for the UK (with a CAGR of +21.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen cuttlefishes exported from Norway were Malaysia ($X), the UK ($X) and Spain ($X), with a combined 84% share of total exports.

Among the main countries of destination, the UK, with a CAGR of +28.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen cuttlefishes export price stood at $X per ton in 2021, rising by 4.9% against the previous year. Over the last nine years, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2016 when the average export price increased by 16% against the previous year. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2021, the country with the highest price was Indonesia ($X per ton), while the average price for exports to the Netherlands ($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 Indonesia (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports into Norway

In 2021, frozen cuttlefishes imports into Norway soared to X tons, with an increase of 72% compared with the previous year's figure. Overall, imports, however, recorded a precipitous curtailment. The pace of growth was the most pronounced in 2019 with an increase of 1,186% against the previous year. Over the period under review, imports reached the maximum at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, frozen cuttlefishes imports soared to $X in 2021. In general, imports, however, recorded a dramatic slump. The most prominent rate of growth was recorded in 2019 with an increase of 466%. Imports peaked at $X in 2014; however, from 2015 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Thailand (X tons) was the main frozen cuttlefishes supplier to Norway, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Thailand totaled +3.6%.

In value terms, Thailand ($X) constituted the largest supplier of frozen cuttlefishes to Norway.

From 2012 to 2021, the average annual rate of growth in terms of value from Thailand amounted to -11.6%.

Import Prices by Country

In 2021, the average frozen cuttlefishes import price amounted to $X per ton, rising by 11% against the previous year. In general, the import price, however, recorded a abrupt decrease. The growth pace was the most rapid in 2017 an increase of 73% against the previous year. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for Thailand.

From 2012 to 2021, the rate of growth in terms of prices for Spain amounted to +32.3% per year.

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. Spain, Democratic People's Republic of Korea, New Zealand and Thailand lagged somewhat behind, together comprising 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 Norway?

In value terms, Thailand constituted the largest supplier of frozen cuttlefishes to Norway, comprising 95% of total imports. The second position in the ranking was occupied by Vietnam, with a 5.1% share of total imports.

What are the leading importers of frozen cuttlefishes from Norway?

In value terms, Malaysia remains the key foreign market for frozen cuttlefishes exports from Norway, comprising 62% of total exports. The second position in the ranking was occupied by Spain, with a 20% share of total exports. It was followed by Indonesia, with a 10% share.

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

In 2020, the average frozen cuttlefishes export price amounted to $3,852 per ton, remaining relatively unchanged against the previous year.

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

The average frozen cuttlefishes import price stood at $6,375 per ton in 2020, growing by 3.7% against the previous year.

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

Norway

Data coverage:

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