Global prepared or preserved cuttle fish and squid exports showed significant variability in 2023. Peru, as a major exporter, experienced a 7.5% increase, reflecting its strong market position. Spain and Taiwan saw moderate growth, while South Korea and Portugal recorded notable rises of 9.78% and 10.69% respectively. Meanwhile, Vietnam and Denmark experienced declines, by 2.98% and 1.1%, with Romania posting a significant decrease of 17.16%. Smaller exporters like Austria and Canada saw substantial growth rates. Over the past five years, the market has shown diverse trends with growth impacted by regions’ demand fluctuations and supply chain adjustments.
Looking ahead, globalization coupled with rising demand in Asia-Pacific will likely influence export dynamics. Focus on sustainability and product diversification may drive competitive advantages in key markets, while technological advancements in preservation techniques could enhance product quality and shelf-life. Monitoring regulatory changes and fishing limits will be crucial for exporters to maintain growth.
Top countries in Prepared or Preserved Cuttle Fish and Squid Exports by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Peru | 356,430,000 | 2023 | +22.45% | +7.5% | View data |
| 2 | 2 Spain | 113,720,000 | 2023 | +6.61% | +4.43% | View data |
| 3 | 3 Vietnam | 24,713,000 | 2023 | -0.16% | -2.98% | View data |
| 4 | 4 France | 23,412,000 | 2023 | +4.5% | +3.29% | View data |
| 5 | 5 Taiwan | 20,093,000 | 2023 | +4.05% | +4.54% | View data |
| 6 | 6 South Korea | 13,291,000 | 2023 | +2.34% | +9.78% | View data |
| 7 | 7 Italy | 8,022,100 | 2023 | +4.03% | +1.61% | View data |
| 8 | 8 Netherlands | 7,256,900 | 2023 | +11.25% | +0.12% | View data |
| 9 | 9 Denmark | 6,973,100 | 2023 | +2.77% | -1.1% | View data |
| 10 | 10 Portugal | 2,891,500 | 2023 | +2.16% | +10.69% | View data |
