Frozen Octopus Market

Frozen octopus market: get access to newly released information empowered by an Ai-driven business intelligence platform. Datasets include market size, exports, consumption, imports, market prices, production, companies, and trade. Here is a split by country, including the Middle East, the U.K., EU, Russia, the U.S., China, Africa, and Latin America. Market insights and forecast to 2030 are also featured in the snapshots.


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Frozen Octopus - World's Largest Markets

RatingCountry
1China
2United States
3Japan
4Spain
5South Korea

In value terms, China led the market, alone. The second position in the ranking was occupied by the United States. It was followed by Japan.

From 2018 to 2020, the average annual rate of growth in terms of value in China stood at -7.3%. The remaining consuming countries recorded the following average annual rates of market growth: the United States (-9.7% per year) and Japan (-0.4% per year).

Frozen Octopus Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
India370832403106-8.5%
Indonesia554951363866-16.5%
China862772606362-14.1%
Mauritania1363093016726-29.8%
Morocco1413298258002-24.8%
Vietnam63916143810612.6%
Spain1217492618508-16.4%
Average930776446815-14.4%

Prices varied noticeably by the country of origin; the country with the highest price was Spain ($8,508 per ton), while India ($3,106 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Vietnam, while the other global leaders experienced a decline in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Japan1111792898371-13.2%
Spain1368793387935-23.9%
Portugal1046579937788-13.7%
Italy929576606827-14.3%
South Korea711966856231-6.4%
United States752669275499-14.5%
China343629572505-14.6%
Average920675236851-13.7%

Prices varied noticeably by the country of destination; the country with the highest price was Japan ($8,371 per ton), while China ($2,505 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by South Korea, while the other global leaders experienced a decline in the import price figures.

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Aleksandr Romanenko
Aleksandr Romanenko

Frozen Octopus - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
Spain0.80.50.4-29.2%
South Korea0.40.40.3-11.5%
Japan0.40.30.3-9.3%
Italy0.50.30.3-24.6%
Portugal0.20.10.1-32.2%

In value terms, Spain ($385M), South Korea ($349M) and Japan ($316M) appeared to be the countries with the highest levels of imports in 2020, with a combined 62% share of global imports. Italy, Portugal, the United States and China lagged somewhat behind, together accounting for a further 27%.

Among the main importing countries, China recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced a decline in the imports figures.

Frozen Octopus - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Morocco0.60.40.4-17.4%
Spain0.40.30.2-22.5%
Vietnam0.30.20.2-7.2%
Mauritania0.40.40.2-38.6%
China0.20.10.1-26.2%

In value terms, the largest frozen octopus supplying countries worldwide were Morocco ($407M), Spain ($227M) and Vietnam ($218M), together accounting for 57% of global exports.

Vietnam recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced a decline in the exports figures.

Frozen Octopus - Market Forecast

Driven by rising demand for frozen octopus worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Frozen Octopus - Product Coverage

  • HS 030752 - Molluscs; octopus (Octopus spp.), frozen
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