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Report World - Frozen Cuttlefishes - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

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

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Global Frozen Cuttlefishes Market 2024

Frozen Cuttlefishes Market Size

After three years of growth, the global frozen cuttlefishes market decreased by -2.2% to $X in 2021. Over the period under review, consumption recorded a mild downturn. The most prominent rate of growth was recorded in 2018 with an increase of 7.7% against the previous year. Over the period under review, the global market attained the maximum level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Frozen Cuttlefishes Production

In value terms, frozen cuttlefishes production shrank modestly to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2017 when the production volume increased by 14% against the previous year. Over the period under review, global production reached the maximum level at $X in 2020, and then shrank modestly in the following year.

Frozen Cuttlefishes Exports

Exports

In 2021, overseas shipments of frozen cuttlefishes increased by 7.5% to X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, saw a deep contraction. The most prominent rate of growth was recorded in 2013 when exports increased by 9.8% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the global exports remained at a somewhat lower figure.

In value terms, frozen cuttlefishes exports expanded sharply to $X in 2021. In general, exports, however, saw a abrupt descent. The most prominent rate of growth was recorded in 2016 when exports increased by 26%. As a result, the exports attained the peak of $X. From 2017 to 2021, the growth of the global exports remained at a somewhat lower figure.

Exports by Country

Morocco was the major exporting country with an export of about X tons, which resulted at 40% of total exports. It was distantly followed by Vietnam (X tons) and China (X tons), together comprising a 27% share of total exports. Spain (X tons), Mauritania (X tons), India (X tons), Namibia (X tons), the Philippines (X tons), Senegal (X tons), Democratic People's Republic of Korea (X tons), the United States (X tons) and Peru (X tons) followed a long way behind the leaders.

Exports from Morocco increased at an average annual rate of +9.4% from 2012 to 2021. At the same time, Mauritania (+23.5%), Namibia (+7.1%) and Senegal (+5.7%) displayed positive paces of growth. Moreover, Mauritania emerged as the fastest-growing exporter exported in the world, with a CAGR of +23.5% from 2012-2021. By contrast, the Philippines (-3.7%), Vietnam (-4.0%), China (-20.0%), Spain (-20.3%), Democratic People's Republic of Korea (-27.0%), India (-29.5%), the United States (-33.4%) and Peru (-37.7%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Morocco, Vietnam, Mauritania, Namibia, Senegal and the Philippines increased by +37, +11, +2.8, +2.2, +2 and +1.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) remains the largest frozen cuttlefishes supplier worldwide, comprising 43% of global exports. The second position in the ranking was held by China ($X), with a 15% share of global exports. It was followed by Vietnam, with a 14% share.

In Morocco, frozen cuttlefishes exports increased at an average annual rate of +9.5% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: China (-16.3% per year) and Vietnam (-6.0% per year).

Export Prices by Country

In 2021, the average frozen cuttlefishes export price amounted to $X per ton, stabilizing at the previous year. In general, the export price, however, enjoyed a resilient increase. The most prominent rate of growth was recorded in 2017 an increase of 27%. The global export price peaked at $X per ton in 2020, and then contracted slightly in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Democratic People's Republic of Korea ($X per ton), while Peru ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Democratic People's Republic of Korea (+16.6%), while the other global leaders experienced more modest paces of growth.

Frozen Cuttlefishes Imports

Imports

After four years of decline, supplies from abroad of frozen cuttlefishes increased by 11% to X tons in 2021. In general, imports, however, showed a abrupt descent. Global imports peaked at X tons in 2014; however, from 2015 to 2021, imports failed to regain momentum.

In value terms, frozen cuttlefishes imports expanded remarkably to $X in 2021. Over the period under review, imports, however, recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 when imports increased by 22%. Global imports peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, the Philippines (X tons), distantly followed by Democratic People's Republic of Korea (X tons), New Zealand (X tons), China (X tons), the United States (X tons) and Thailand (X tons) were the major importers of frozen cuttlefishes, together comprising 70% of total imports. South Korea (X tons), Italy (X tons), South Africa (X tons), Russia (X tons) and Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of +25.2%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the Philippines ($X), the United States ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2021, with a combined 36% share of global imports. These countries were followed by South Korea, Democratic People's Republic of Korea, China, Italy, Malaysia, Russia, South Africa and New Zealand, which together accounted for a further 39%.

In terms of the main importing countries, Democratic People's Republic of Korea, with a CAGR of +29.1%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen cuttlefishes import price stood at $X per ton in 2021, surging by 2.3% against the previous year. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the average import price increased by 26%. As a result, import price attained the peak level of $X per ton. From 2018 to 2021, the average import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+12.3%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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 accounting for a further 25%.
The countries with the highest volumes of frozen cuttlefishes production in 2020 were Peru, Indonesia and India, together comprising 63% of global production.
In value terms, the largest frozen cuttlefishes supplying countries worldwide were Vietnam, South Africa and China, with a combined 50% share of global exports. Spain, Mauritania, Senegal, Democratic People's Republic of Korea, Yemen, India, Malaysia, Ghana, the United States and Peru lagged somewhat behind, together comprising a further 36%.
In value terms, Canada, Thailand and the United States appeared to be the countries with the highest levels of imports in 2020, with a combined 33% share of global imports. South Korea, Brazil, China, Malaysia, Italy, Russia, Mexico, Morocco, South Africa and the United Arab Emirates lagged somewhat behind, together comprising a further 36%.
In 2020, the average frozen cuttlefishes export price amounted to $5,066 per ton, surging by 43% against the previous year.
In 2020, the average frozen cuttlefishes import price amounted to $3,701 per ton, falling by -6.1% against the previous year.

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

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + the largest producing countries

    Data coverage:

    • Global market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Global production, split by region and country
    • Global trade (exports and imports)
    • 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:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. 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. 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. 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. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. CONSUMPTION BY COUNTRY
      3. MARKET FORECAST TO 2030

    4. 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. 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. 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. 7. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY

    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY

    10. 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. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • United States
      • China
      • Japan
      • Germany
      • United Kingdom
      • France
      • Brazil
      • Italy
      • Russian Federation
      • India
      • Canada
      • Australia
      • Republic of Korea
      • Spain
      • Mexico
      • Indonesia
      • Netherlands
      • Turkey
      • Saudi Arabia
      • Switzerland
      • Sweden
      • Nigeria
      • Poland
      • Belgium
      • Argentina
      • Norway
      • Austria
      • Thailand
      • United Arab Emirates
      • Colombia
      • Denmark
      • South Africa
      • Malaysia
      • Israel
      • Singapore
      • Egypt
      • Philippines
      • Finland
      • Chile
      • Ireland
      • Pakistan
      • Greece
      • Portugal
      • Kazakhstan
      • Algeria
      • Czech Republic
      • Qatar
      • Peru
      • Romania
      • Vietnam

    12. 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, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Consumption, By Country, 2023
      4. Market Volume Forecast to 2030
      5. Market Value Forecast to 2030
      6. Products: Market Size And Growth, By Type
      7. Products: Average Per Capita Consumption, By Type
      8. Products: Exports And Growth, By Type
      9. Products: Export Prices And Growth, By Type
      10. Production Volume And Growth
      11. Exports And Growth
      12. Export Prices And Growth
      13. Market Size And Growth
      14. Per Capita Consumption
      15. Imports And Growth
      16. Import Prices
      17. Production, In Physical Terms, 2012–2023
      18. Production, In Value Terms, 2012–2023
      19. Production, By Country, 2023
      20. Production, In Physical Terms, By Country, 2012–2023
      21. Imports, In Physical Terms, 2012–2023
      22. Imports, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, By Country, 2023
      24. Imports, In Physical Terms, By Country, 2012–2023
      25. Imports, In Value Terms, By Country, 2012–2023
      26. Import Prices, By Country, 2012–2023
      27. Exports, In Physical Terms, 2012–2023
      28. Exports, In Value Terms, 2012–2023
      29. Exports, In Physical Terms, By Country, 2023
      30. Exports, In Physical Terms, By Country, 2012–2023
      31. Exports, In Value Terms, By Country, 2012–2023
      32. Export Prices, 2012–2023

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