In 2024, South Korea led global frozen octopus imports with $410.26 million, despite a slight 1.66% decrease from 2023. Japan followed at $288.82 million, experiencing a 5.52% drop. The US maintained stable imports at $148.65 million, while China showed no change at $65.013 million. Markets such as New Zealand, Ireland, and Israel saw significant increases of 15.08%, 34.75%, and 13.3%, respectively. In contrast, Thailand and the Philippines experienced notable declines. Over the past five years, the compound annual growth rate has varied, indicating shifting dynamics in global demand.
Future trends to watch include the emergence of smaller markets like Ireland and New Zealand, potentially due to changing consumer preferences or supply chain developments. Trade policies, sustainability concerns, and oceanic ecosystem shifts may also redefine the global import landscape of frozen octopus.
Top countries in Frozen Octopus Imports by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 410,260,000 | 2023 | +1.52% | -1.66% | View data |
| 2 | 2 Japan | 288,820,000 | 2023 | -2.04% | -5.52% | View data |
| 3 | 3 United States | 148,650,000 | 2023 | +20.22% | View data | |
| 4 | 4 China | 65,013,000 | 2023 | +22.5% | View data | |
| 5 | 5 Russia | 15,395,000 | 2023 | +19.6% | +1.78% | View data |
| 6 | 6 Canada | 12,894,000 | 2023 | +23.47% | View data | |
| 7 | 7 Netherlands | 9,735,200 | 2023 | +21.67% | +3.95% | View data |
| 8 | 8 United Kingdom | 8,721,300 | 2023 | +15.66% | +0.39% | View data |
| 9 | 9 Belgium | 7,069,000 | 2023 | +15.32% | -2.27% | View data |
| 10 | 10 Thailand | 6,412,500 | 2023 | -4.63% | -8.35% | View data |
