Scandinavia - Frozen Cuttlefishes - Market Analysis, Forecast, Size, Trends and Insights
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View PricingScandinavia: Frozen Cuttlefishes Market 2025
Frozen Cuttlefishes Market Size in Scandinavia
In 2021, the Scandinavia frozen cuttlefishes market was finally on the rise to reach $X after two years of decline. In general, consumption, however, recorded a noticeable contraction. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market failed to regain momentum.
Frozen Cuttlefishes Production in Scandinavia
In value terms, frozen cuttlefishes production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2016 with an increase of 10% against the previous year. As a result, production reached the peak level of $X. From 2017 to 2021, production growth remained at a lower figure.
Frozen Cuttlefishes Exports
Exports in Scandinavia
In 2021, after eight years of decline, there was significant growth in overseas shipments of frozen cuttlefishes, when their volume increased by 211% to X tons. Over the period under review, exports, however, saw a precipitous slump. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports failed to regain momentum.
In value terms, frozen cuttlefishes exports surged to $X in 2021. Overall, exports, however, recorded a dramatic downturn. The level of export peaked at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.
Exports by Country
In 2021, Iceland (X tons) was the main exporter of frozen cuttlefishes, committing 72% of total exports. Denmark (X tons) took the second position in the ranking, followed by Norway (X tons). All these countries together took near 28% share of total exports.
Exports from Iceland decreased at an average annual rate of -3.4% from 2012 to 2021. At the same time, Norway (+8.1%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Scandinavia, with a CAGR of +8.1% from 2012-2021. By contrast, Denmark (-37.3%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Iceland and Norway increased by +63 and +12 percentage points, respectively.
In value terms, Iceland ($X) emerged as the largest frozen cuttlefishes supplier in Scandinavia, comprising 62% of total exports. The second position in the ranking was held by Denmark ($X), with a 19% share of total exports.
From 2012 to 2021, the average annual growth rate of value in Iceland totaled +1.7%. In the other countries, the average annual rates were as follows: Denmark (-37.4% per year) and Norway (+12.7% per year).
Export Prices by Country
The export price in Scandinavia stood at $X per ton in 2021, which is down by -14.6% against the previous year. Overall, the export price saw a perceptible reduction. The growth pace was the most rapid in 2018 an increase of 10%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Norway ($X per ton), while Iceland ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Iceland (+5.3%), while the other leaders experienced mixed trends in the export price figures.
Frozen Cuttlefishes Imports
Imports in Scandinavia
After two years of decline, purchases abroad of frozen cuttlefishes increased by 40% to X tons in 2021. In general, imports, however, saw a sharp decrease. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.
In value terms, frozen cuttlefishes imports soared to $X in 2021. Over the period under review, imports, however, saw a drastic downturn. The level of import peaked at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.
Imports by Country
Iceland dominates imports structure, amounting to X tons, which was near 85% of total imports in 2021. It was distantly followed by Sweden (X tons) and Denmark (X tons), together generating a 13% share of total imports.
Imports into Iceland decreased at an average annual rate of -20.2% from 2012 to 2021. Sweden (-18.1%) and Denmark (-34.2%) illustrated a downward trend over the same period. While the share of Iceland (+21 p.p.) and Sweden (+2.7 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Denmark (-21.9 p.p.) displayed negative dynamics.
In value terms, Iceland ($X) constitutes the largest market for imported frozen cuttlefishes in Scandinavia, comprising 69% of total imports. The second position in the ranking was held by Sweden ($X), with a 21% share of total imports.
In Iceland, frozen cuttlefishes imports shrank by an average annual rate of -12.0% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Sweden (-9.7% per year) and Denmark (-32.6% per year).
Import Prices by Country
The import price in Scandinavia stood at $X per ton in 2021, increasing by 20% against the previous year. Import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen cuttlefishes import price increased by +58.3% against 2019 indices. The growth pace was the most rapid in 2020 when the import price increased by 32%. The level of import peaked in 2021 and is expected to retain growth in years to come.
There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Sweden ($X per ton), while Iceland ($X per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+10.2%), while the other leaders experienced more modest paces of growth.
Source: IndexBox Platform
This report provides an in-depth analysis of the frozen cuttlefishes market in Scandinavia. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Production in Scandinavia, split by region and country
- Trade (exports and imports) in Scandinavia
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2024
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2024
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- Finland
- Norway
- Sweden
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LIST OF TABLES
- Key Findings In 2024
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Per Capita Consumption, By Country, 2018–2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country Of Destination, 2012–2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, By Country Of Origin, 2012–2024
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2024
- Market Value, 2012–2024
- Consumption, By Country, 2024
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2024
- Production, In Value Terms, 2012–2024
- Production, By Country, 2024
- Production, In Physical Terms, By Country, 2012–2024
- Imports, In Physical Terms, 2012–2024
- Imports, In Value Terms, 2012–2024
- Imports, In Physical Terms, By Country, 2024
- Imports, In Physical Terms, By Country, 2012–2024
- Imports, In Value Terms, By Country, 2012–2024
- Import Prices, By Country, 2012–2024
- Exports, In Physical Terms, 2012–2024
- Exports, In Value Terms, 2012–2024
- Exports, In Physical Terms, By Country, 2024
- Exports, In Physical Terms, By Country, 2012–2024
- Exports, In Value Terms, By Country, 2012–2024
- Export Prices, 2012–2024
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