The global frozen cuttlefish and squid export market demonstrates varied performance across countries in 2023. India leads as the top exporter with a value above $692 million, experiencing a modest annual growth rate of 1.49%. Indonesia, with a significant 8.03% increase, stands as a prominent competitor. Conversely, countries like Chile and Germany face declines, with -12.95% and -7.55% respectively. Meanwhile, Malaysia, Lithuania, and the Czech Republic show promising expansions, with Malaysia achieving a robust 12.64% growth.
Future trends to watch include:
- Continued growth in Southeast Asia, especially Indonesia and Malaysia, potentially driven by increased demand in major import regions.
- Potential challenges in European markets affected by environmental regulations and competition.
- Technological advancements in supply chain and logistics influencing export efficiencies.
- Shifts in consumer preferences possibly affecting demand dynamics, particularly in Western markets.
Top countries in Frozen Cuttlefish and Squid Exports by Country
# | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
---|---|---|---|---|---|---|
1 | 1 India | 692,940,000 | 2023 | +11.14% | +1.49% | View data |
2 | 2 Indonesia | 575,100,000 | 2023 | +7.96% | +8.03% | View data |
3 | 3 Spain | 432,190,000 | 2023 | +6.59% | +2.12% | View data |
4 | 4 Thailand | 259,000,000 | 2023 | +6.62% | -0.076% | View data |
5 | 5 United States | 121,740,000 | 2023 | -1.54% | +0.28% | View data |
6 | 6 Chile | 95,839,000 | 2023 | +3.45% | -12.95% | View data |
7 | 7 Malaysia | 87,448,000 | 2023 | +2.39% | +12.64% | View data |
8 | 8 Portugal | 84,597,000 | 2023 | +10.87% | -0.78% | View data |
9 | 9 Netherlands | 38,897,000 | 2023 | +5.09% | +2.24% | View data |
10 | 10 United Kingdom | 33,524,000 | 2023 | +10.64% | +3.18% | View data |