In 2023, Spain led the global imports of frozen cuttlefish and squid with a value of $1.1653 billion, experiencing a slight decline amidst an upward trajectory for several other countries. China and Thailand followed, maintaining strong positions, with Thailand showing a notable growth of 3.16% year-on-year. Malaysia marked the highest growth at 34.57%, indicating increased demand, while South Korea saw a decrease of 5.52%. Smaller European markets exhibited mixed growth, such as the United Kingdom and France with moderate increases, and declines respectively. Other markets like Denmark and Indonesia experienced significant boosts in import values at 7.72% and 14.66%.
Future trends to watch include the potential for further increases in Asian import markets given economic conditions, coupled with a resurgence or stabilization in European demand, driven by changing dietary preferences and supply chain adjustments post-pandemic. Monitoring technological innovations in cold chain logistics and preservation could also play a critical role in shaping future trade dynamics.
Top countries in Frozen Cuttlefish and Squid Imports by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 1,165,300,000 | 2023 | +4.03% | -1.05% | View data |
| 2 | 2 China | 627,080,000 | 2023 | +9.03% | View data | |
| 3 | 3 Thailand | 412,860,000 | 2023 | +3.78% | +3.16% | View data |
| 4 | 4 South Korea | 266,770,000 | 2023 | +1.44% | -5.52% | View data |
| 5 | 5 Malaysia | 191,070,000 | 2023 | +25.93% | +34.57% | View data |
| 6 | 6 France | 81,888,000 | 2023 | +4.33% | -1.65% | View data |
| 7 | 7 United Kingdom | 42,132,000 | 2023 | +9.14% | +2.65% | View data |
| 8 | 8 Netherlands | 38,677,000 | 2023 | +7.68% | +3.62% | View data |
| 9 | 9 Belgium | 21,334,000 | 2023 | +6.5% | +3.21% | View data |
| 10 | 10 Slovenia | 19,153,000 | 2023 | +9.28% | +3.74% | View data |
