In 2023, the United States and China were leaders in global prepared or preserved cuttlefish and squid imports, with respective values of approximately 88.83 and 58.35 million USD. The United States saw a steady annual increase of 6.74%, whereas China experienced a 13.48% decline. Other noteworthy trends include a substantial 79.31% surge in Vietnam's imports and a notable rise of 11.7% in New Zealand. Countries like Portugal, Netherlands, and Bulgaria experienced consistent growth. Bangladesh recorded an extraordinary 194.89% growth, albeit from a small base. France held a consistent, moderate stance with minimal variation.
In terms of future trends, continued uptake in Vietnam suggests potential for market expansion in Southeast Asia. The United States' stable growth indicates it will likely remain a dominant importer. Attention should be paid to emerging markets like Bangladesh, whose economic conditions and consumption patterns could significantly influence regional dynamics. Monitoring geopolitical factors affecting China is also essential, as ongoing fluctuations may alter global trade patterns.
Top countries in Prepared or Preserved Cuttle Fish and Squid Imports by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 United States | 88,830,000 | 2023 | +7.4% | +6.74% | View data |
| 2 | 2 China | 58,350,000 | 2023 | +0.81% | -13.48% | View data |
| 3 | 3 Russia | 31,905,000 | 2023 | +16.97% | +4.31% | View data |
| 4 | 4 Thailand | 29,797,000 | 2023 | +8.71% | +4.47% | View data |
| 5 | 5 Australia | 26,125,000 | 2023 | -0.34% | -0.94% | View data |
| 6 | 6 Vietnam | 14,291,000 | 2023 | +24.01% | +79.31% | View data |
| 7 | 7 Portugal | 9,177,800 | 2023 | +6.86% | +6.11% | View data |
| 8 | 8 Netherlands | 7,600,200 | 2023 | +9.6% | +8.13% | View data |
| 9 | 9 Austria | 4,728,700 | 2023 | +6.38% | +7.24% | View data |
| 10 | 10 New Zealand | 4,697,400 | 2023 | +8.44% | +11.7% | View data |
