In 2023, Spain led the global imports of frozen cuttlefish and squid with a market share of 40.24%. China and Thailand followed with 21.65% and 14.26%, respectively. Noteworthy year-over-year changes include a substantial increase in Malaysia's share by 34.57%, while South Korea saw a decline of 5.52%. Over five years, the market share had a compound annual growth rate reshaped by diverse import practices, highlighted by Indonesia's noteworthy growth.
Future trends to watch include Malaysia's rising momentum and potential gains by fast-growing smaller markets like Denmark and Estonia. Sustainability concerns and trade policy shifts could also influence import dynamics. Monitoring these factors is crucial for predicting future market share realignments.
Top countries in Frozen Cuttlefish and Squid Imports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Spain | 40.24 | 2023 | +4.03% | -1.05% | View data |
| 2 | 2 China | 21.65 | 2023 | +9.03% | View data | |
| 3 | 3 Thailand | 14.26 | 2023 | +3.78% | +3.16% | View data |
| 4 | 4 South Korea | 9.21 | 2023 | +1.44% | -5.52% | View data |
| 5 | 5 Malaysia | 6.6 | 2023 | +25.93% | +34.57% | View data |
| 6 | 6 France | 2.83 | 2023 | +4.33% | -1.65% | View data |
| 7 | 7 United Kingdom | 1.45 | 2023 | +9.14% | +2.65% | View data |
| 8 | 8 Netherlands | 1.34 | 2023 | +7.68% | +3.62% | View data |
| 9 | 9 Belgium | 0.74 | 2023 | +6.5% | +3.21% | View data |
| 10 | 10 Slovenia | 0.66 | 2023 | +9.28% | +3.74% | View data |
