In 2023, South Korea led the global frozen octopus imports with a considerable share, followed by Japan and the United States. China's and Russia's shares showed no change from the previous year, while Latvia, Israel, Ireland, and Chile experienced notable increases. Conversely, Japan, Thailand, and the Philippines saw declines in imports. The constant demand in the United States and Canada indicates stability, while small European markets like Latvia and Ireland are rapidly increasing their shares.
Future trends to watch include potential growth in markets experiencing recent increases, such as New Zealand and Israel, and possible recoveries in declining markets like Japan and Thailand. Monitoring bilateral trade agreements and changing consumer preferences could provide insights into market dynamics.
Top countries in Frozen Octopus Imports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 41.65 | 2023 | +1.52% | -1.66% | View data |
| 2 | 2 Japan | 29.32 | 2023 | -2.04% | -5.52% | View data |
| 3 | 3 United States | 15.09 | 2023 | +20.22% | View data | |
| 4 | 4 China | 6.6 | 2023 | +22.5% | View data | |
| 5 | 5 Russia | 1.56 | 2023 | +19.6% | +1.78% | View data |
| 6 | 6 Canada | 1.31 | 2023 | +23.47% | View data | |
| 7 | 7 Netherlands | 0.99 | 2023 | +21.67% | +3.95% | View data |
| 8 | 8 United Kingdom | 0.89 | 2023 | +15.66% | +0.39% | View data |
| 9 | 9 Belgium | 0.72 | 2023 | +15.32% | -2.27% | View data |
| 10 | 10 Thailand | 0.65 | 2023 | -4.63% | -8.35% | View data |
