The global frozen cuttlefish and squid export market highlights India as the leading exporter with a 27.92% share, followed closely by Indonesia at 23.18% and Spain at 17.42%. Among noteworthy trends, Malaysia showed a remarkable growth of 12.64% year-on-year in 2023, alongside notable upticks in the Czech Republic and Estonia. Conversely, Chile's exports took a significant hit, declining by 12.95%, while Japan and Germany also experienced notable decreases of 3.39% and 7.55%, respectively.
Future trends to watch in the global frozen cuttlefish and squid market include the projected growth of emerging exporters like Malaysia, leveraging efficient production and export strategies. Additionally, established markets such as India and Indonesia are expected to focus on technological advancements and sustainability practices to maintain their dominant positions. Monitoring economic changes and trade policies in major importing regions, like the European Union and North America, will also be crucial in shaping export strategies.
Top countries in Frozen Cuttlefish and Squid Exports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 India | 27.92 | 2023 | +11.14% | +1.49% | View data |
| 2 | 2 Indonesia | 23.18 | 2023 | +7.96% | +8.03% | View data |
| 3 | 3 Spain | 17.42 | 2023 | +6.59% | +2.12% | View data |
| 4 | 4 Thailand | 10.44 | 2023 | +6.62% | -0.076% | View data |
| 5 | 5 United States | 4.91 | 2023 | -1.54% | +0.28% | View data |
| 6 | 6 Chile | 3.86 | 2023 | +3.45% | -12.95% | View data |
| 7 | 7 Malaysia | 3.52 | 2023 | +2.39% | +12.64% | View data |
| 8 | 8 Portugal | 3.41 | 2023 | +10.87% | -0.78% | View data |
| 9 | 9 Netherlands | 1.57 | 2023 | +5.09% | +2.24% | View data |
| 10 | 10 United Kingdom | 1.35 | 2023 | +10.64% | +3.18% | View data |
