Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Morocco - 2023
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Morocco (FOB) - 2023
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Morocco (CIF) - 2022
- Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Morocco
- Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Morocco
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Morocco (FOB) - 2023
The average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $23,235 per ton in February 2023, shrinking by -29.6% against the previous month. Overall, the export price, however, saw a moderate increase. The most prominent rate of growth was recorded in October 2022 when the average export price increased by 41% month-to-month. The export price peaked at $32,992 per ton in January 2023, and then contracted markedly in the following month.
As there is only one major export destination, the average price level is determined by prices for Spain.
From May 2022 to February 2023, the rate of growth in terms of prices for Spain amounted to +4.3% per month.
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Morocco (CIF) - 2022
The average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $7,937 per ton in 2022, which is down by -3.1% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.2%. The most prominent rate of growth was recorded in 2014 when the average import price increased by 22%. The import price peaked at $9,172 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($45,893 per ton), while the price for the Netherlands ($1,850 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+17.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Morocco
In 2022, overseas shipments of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine were finally on the rise to reach 554 tons after two years of decline. Over the period under review, exports posted a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine skyrocketed to $3.4M in 2022. Overall, exports recorded significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 402 | 181 | 7.0 | 3,438 | 104.5% |
| Italy | 178 | 79.8 | 3.1 | N/A | -86.8% |
| Japan | 188 | 85.3 | 3.3 | N/A | -86.8% |
| Others | 64.0 | 28.0 | 1.2 | N/A | -86.3% |
| Total | 832 | 374 | 14.6 | 3,438 | 60.5% |
Top Export Markets for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine from Morocco in 2022:
- Spain (554.4 tons)
Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Morocco
In 2022, purchases abroad of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine increased by 0.7% to 26 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a relatively flat trend pattern.
In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine dropped slightly to $210K in 2022. The total import value increased at an average annual rate of +2.5% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 5.1%. As a result, imports attained the peak of $216K, and then reduced slightly in the following year.
| Import of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Morocco (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 42.0 | 98.8 | 115 | 122 | 42.7% |
| Italy | 29.1 | 55.3 | 51.8 | 44.6 | 15.3% |
| Spain | 25.3 | 49.5 | 47.6 | 42.2 | 18.6% |
| Netherlands | 0.4 | 0.8 | 0.8 | 0.8 | 26.0% |
| Oman | 97.8 | N/A | N/A | N/A | 0% |
| Others | 0.3 | 0.6 | 0.6 | 0.5 | 18.6% |
| Total | 195 | 205 | 216 | 210 | 2.5% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine to Morocco in 2022:
- Canada (15.4 tons)
- Italy (9.6 tons)
- Spain (0.9 tons)
- Netherlands (0.4 tons)
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