Sweden: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Sweden

The Swedish frozen cuttlefishes market dropped to $X in 2021, shrinking by -3.8% 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). Over the period under review, consumption, however, recorded a abrupt slump. Frozen cuttlefishes consumption peaked at $X in 2013; however, from 2014 to 2021, consumption failed to regain momentum.

Frozen Cuttlefishes Exports

Exports from Sweden

After two years of decline, shipments abroad of frozen cuttlefishes increased by 133% to X kg in 2021. Over the period under review, exports, however, faced a dramatic descent. Over the period under review, the exports attained the peak figure at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen cuttlefishes exports skyrocketed to $X in 2021. Overall, exports, however, recorded a abrupt contraction. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

Spain (X kg) was the main destination for frozen cuttlefishes exports from Sweden, accounting for a 56% share of total exports. Moreover, frozen cuttlefishes exports to Spain exceeded the volume sent to the second major destination, Iceland (X kg), fourfold. The third position in this ranking was taken by Denmark (X kg), with a 16% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Spain totaled +46.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Iceland (-0.8% per year) and Denmark (-34.7% per year).

In value terms, Spain ($X) emerged as the key foreign market for frozen cuttlefishes exports from Sweden, comprising 68% of total exports. The second position in the ranking was held by Denmark ($X), with a 13% share of total exports. It was followed by Iceland, with a 7.7% share.

From 2012 to 2021, the average annual growth rate of value to Spain totaled +68.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (-27.8% per year) and Iceland (+4.4% per year).

Export Prices by Country

The average frozen cuttlefishes export price stood at $X per ton in 2021, increasing by 9% against the previous year. Overall, the export price continues to indicate prominent growth. The pace of growth appeared the most rapid in 2019 when the average export price increased by 88% against the previous year. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

There were significant differences in the average prices for the major external markets. In 2021, the country with the highest price was Spain ($X per ton), while the average price for exports to Iceland ($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 Germany (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports into Sweden

In 2021, overseas purchases of frozen cuttlefishes increased by 3.2% to X tons, rising for the third year in a row after five years of decline. Over the period under review, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2020 with an increase of 632% against the previous year. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports failed to regain momentum.

In value terms, frozen cuttlefishes imports dropped to $X in 2021. Overall, imports, however, continue to indicate a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 1,092% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Germany (X tons), Denmark (X tons) and the Netherlands (X tons) were the main suppliers of frozen cuttlefishes imports to Sweden, with a combined 99% share of total imports.

From 2012 to 2021, the biggest increases were recorded for Germany (with a CAGR of +2.3%), while purchases for the other leaders experienced a decline.

In value terms, Germany ($X) constituted the largest supplier of frozen cuttlefishes to Sweden, comprising 83% of total imports. The second position in the ranking was taken by Denmark ($X), with a 14% share of total imports. It was followed by the Netherlands, with a 1.9% share.

From 2012 to 2021, the average annual growth rate of value from Germany amounted to +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (-10.4% per year) and the Netherlands (-23.5% per year).

Import Prices by Country

In 2021, the average frozen cuttlefishes import price amounted to $X per ton, shrinking by -7.1% against the previous year. Over the period under review, the import price, however, recorded a buoyant increase. The growth pace was the most rapid in 2020 an increase of 63% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was China ($X per ton), while the price for Denmark ($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 (+20.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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