In 2023, Spain and Vietnam were the top exporters of frozen octopus, with Spain leading by a significant margin, reflecting a stronghold in the market. India and Italy trailed significantly, highlighting a steep drop in value compared to the leaders.
Notable year-on-year variations included declines in exports from Spain (-2.44%) and Italy (-1.75%), while countries like Malaysia (5.68%), Netherlands (12.13%), and Latvia (13.98%) experienced growth. Lithuania showed the highest increase at 26.2%, indicating emerging potential. Over a five-year period, the annual average growth rate varies across countries, with Spain and others leading in resilience.
Future trends to watch include:
- Potential for emerging markets in Latvia and Lithuania to influence the global octopus trade.
- Stability in top exporters like Spain and Vietnam may continue, although market dynamics could shift with sustainability practices and demand changes.
- Continued attention on Asia for new growth opportunities, possibly affected by economic and ecological factors.
Top countries in Frozen Octopus Exports by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 333,690,000 | 2023 | +7.86% | -2.44% | View data |
| 2 | 2 Vietnam | 252,660,000 | 2021 | +15.93% | View data | |
| 3 | 3 India | 60,229,000 | 2023 | +10.17% | View data | |
| 4 | 4 Italy | 28,191,000 | 2023 | +6.32% | -1.75% | View data |
| 5 | 5 Philippines | 18,238,000 | 2023 | +10.64% | -9.58% | View data |
| 6 | 6 Malaysia | 13,941,000 | 2023 | +5.48% | +5.68% | View data |
| 7 | 7 Netherlands | 10,643,000 | 2023 | +20.31% | +12.13% | View data |
| 8 | 8 Denmark | 5,259,600 | 2023 | +8.33% | -9.21% | View data |
| 9 | 9 Germany | 2,974,200 | 2023 | +16.03% | +0.22% | View data |
| 10 | 10 United States | 1,063,700 | 2023 | -29.19% | View data |
