Switzerland: Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size in Switzerland

The Swiss frozen cuttlefishes market shrank significantly to $X in 2021, waning by -23.1% 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). In general, consumption faced a dramatic slump. As a result, consumption reached the peak level of $X. From 2014 to 2021, the growth of the market remained at a somewhat lower figure.

Frozen Cuttlefishes Exports

Exports from Switzerland

In 2021, overseas shipments of frozen cuttlefishes decreased by -15.3% to X tons, falling for the fourth consecutive year after four years of growth. Over the period under review, exports continue to indicate a pronounced downturn. The most prominent rate of growth was recorded in 2017 with an increase of 160% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2021, the growth of the exports failed to regain momentum.

In value terms, frozen cuttlefishes exports rose rapidly to $X in 2021. In general, exports, however, recorded a noticeable increase. The most prominent rate of growth was recorded in 2017 with an increase of 182% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

The Czech Republic (X tons) was the main destination for frozen cuttlefishes exports from Switzerland, with a 88% share of total exports. Moreover, frozen cuttlefishes exports to the Czech Republic exceeded the volume sent to the second major destination, Spain (X kg), more than tenfold. The third position in this ranking was held by France (X kg), with a 3.4% share.

From 2012 to 2021, the average annual growth rate of volume to the Czech Republic amounted to -1.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (-7.6% per year) and France (-14.4% per year).

In value terms, the Czech Republic ($X) remains the key foreign market for frozen cuttlefishes exports from Switzerland, comprising 85% of total exports. The second position in the ranking was taken by Spain ($X), with a 5.3% share of total exports. It was followed by France, with a 3.5% share.

From 2012 to 2021, the average annual growth rate of value to the Czech Republic totaled +6.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Spain (+3.7% per year) and France (-4.8% per year).

Export Prices by Country

The average frozen cuttlefishes export price stood at $X per ton in 2021, surging by 25% against the previous year. Overall, the export price saw prominent growth. The pace of growth appeared the most rapid in 2020 an increase of 62%. Over the period under review, the average export prices hit record highs in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably country of destination: the country with the highest price was Spain ($X per ton), while the average price for exports to Seychelles ($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 Spain (+12.2%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports into Switzerland

For the sixth year in a row, Switzerland recorded decline in supplies from abroad of frozen cuttlefishes, which decreased by -37% to X tons in 2021. Over the period under review, imports faced a dramatic decrease. The most prominent rate of growth was recorded in 2013 with an increase of 14%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports failed to regain momentum.

In value terms, frozen cuttlefishes imports reduced markedly to $X in 2021. Overall, imports showed a sharp slump. The pace of growth appeared the most rapid in 2013 with an increase of 4.9% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, Senegal (X tons) constituted the largest frozen cuttlefishes supplier to Switzerland, with a 21% share of total imports. Moreover, frozen cuttlefishes imports from Senegal exceeded the figures recorded by the second-largest supplier, Peru (X tons), twofold. Spain (X tons) ranked third in terms of total imports with an 8.3% share.

From 2012 to 2021, the average annual growth rate of volume from Senegal totaled +5.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Peru (+25.4% per year) and Spain (-28.3% per year).

In value terms, the largest frozen cuttlefishes suppliers to Switzerland were Spain ($X), Senegal ($X) and China ($X), together comprising 29% of total imports. Belgium, Vietnam, Peru, Italy, the Netherlands, Portugal, Taiwan (Chinese), France, Thailand and Germany lagged somewhat behind, together accounting for a further 18%.

Among the main suppliers, Peru, with a CAGR of +17.5%, 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 more modest paces of growth.

Import Prices by Country

The average frozen cuttlefishes import price stood at $X per ton in 2021, with an increase of 27% against the previous year. In general, import price indicated a noticeable expansion from 2012 to 2021: its price increased at an average annual rate of +4.4% 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 increased by +23.1% against 2018 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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