The United States leads in global imports of prepared or preserved cuttlefish and squid, contributing significantly to total market value as of 2023. Key players include China, Russia, and Thailand, though China saw a notable decrease in import share. Growth is robust in emerging markets like Vietnam and Bangladesh, showcasing substantial year-on-year growth. Established markets show varied trends, with some stability in Europe and buoyancy in regions like the Netherlands and New Zealand.
Future trends to watch include a potential realignment in market dynamics due to shifts in Asian markets and emerging economies' continued rise. Sustainability concerns and global logistics might also influence cost and availability.
Top countries in Prepared or Preserved Cuttle Fish and Squid Imports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 31.82 | 2023 | +7.4% | +6.74% | View data |
| 2 | 2 China | 20.9 | 2023 | +0.81% | -13.48% | View data |
| 3 | 3 Russia | 11.43 | 2023 | +16.97% | +4.31% | View data |
| 4 | 4 Thailand | 10.67 | 2023 | +8.71% | +4.47% | View data |
| 5 | 5 Australia | 9.36 | 2023 | -0.34% | -0.94% | View data |
| 6 | 6 Vietnam | 5.12 | 2023 | +24.01% | +79.31% | View data |
| 7 | 7 Portugal | 3.29 | 2023 | +6.86% | +6.11% | View data |
| 8 | 8 Netherlands | 2.72 | 2023 | +9.6% | +8.13% | View data |
| 9 | 9 Austria | 1.69 | 2023 | +6.38% | +7.24% | View data |
| 10 | 10 New Zealand | 1.68 | 2023 | +8.44% | +11.7% | View data |
