In 2023, the United Kingdom led the global exports of live, fresh, or chilled cuttlefish and squid with a value share, despite slight growth of 0.2%. China, trailing closely, experienced a substantial surge of 43.2%, bolstering its market position. Belgium faced a minor decline of 2.14%, while Ireland and Denmark displayed modest positive momentum. Markets like Vietnam, Czech Republic, and Sweden saw declines, with Vietnam experiencing the steepest at 19.82%. Russia marked a notable boost in exports, rising by 34.72%.
Looking ahead, China's continuous upward trend presents it as a formidable contender to the UK. Monitoring policies that affect trade, alongside shifts in consumer seafood preferences, will be crucial. Moreover, environmental factors like overfishing and climate change may influence future export dynamics, potentially creating opportunities for sustainable practices to reshape the market.
Top countries in Live, Fresh or Chilled Cuttlefish and Squid Exports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United Kingdom | 42.34 | 2023 | +9.98% | +0.2% | View data |
| 2 | 2 China | 36.83 | 2023 | +16.98% | +43.2% | View data |
| 3 | 3 Belgium | 9.46 | 2023 | +11.91% | -2.14% | View data |
| 4 | 4 Ireland | 2.44 | 2023 | +13.88% | +2.84% | View data |
| 5 | 5 India | 1.75 | 2021 | -27.88% | -60.58% | View data |
| 6 | 6 Indonesia | 1.27 | 2023 | +2.35% | +15.42% | View data |
| 7 | 7 Vietnam | 0.95 | 2023 | +23.06% | -19.82% | View data |
| 8 | 8 Denmark | 0.93 | 2023 | +0.97% | +16.4% | View data |
| 9 | 9 Peru | 0.68 | 2023 | +18.38% | View data | |
| 10 | 10 Czech Republic | 0.22 | 2023 | +0.18% | -5.65% | View data |
