Price for Mollusc Preparations; Abalone, Prepared or Preserved in Japan - 2023

Contents:

1. Price for Mollusc Preparations; Abalone, Prepared or Preserved in Japan (FOB) - 2022
2. Price for Mollusc Preparations; Abalone, Prepared or Preserved in Japan (CIF) - 2023
3. Exports of Mollusc Preparations; Abalone, Prepared or Preserved in Japan
4. Imports of Mollusc Preparations; Abalone, Prepared or Preserved in Japan

Price for Mollusc Preparations; Abalone, Prepared or Preserved in Japan (FOB) - 2022

In 2022, the average export price for mollusc preparations; abalone, prepared or preserveds amounted to $812,345 per ton, waning by -10.2% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average export price increased by 39% against the previous year. Over the period under review, the average export prices hit record highs at $904,158 per ton in 2021, and then fell in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($920,971 per ton), while the average price for exports to Saudi Arabia ($98,858 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+2.1%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Mollusc Preparations; Abalone, Prepared or Preserved in Japan (CIF) - 2023

The average import price for mollusc preparations; abalone, prepared or preserveds stood at $23,836 per ton in September 2023, which is down by -21.9% against the previous month. Overall, the import price showed a pronounced decline. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 152% m-o-m. The import price peaked at $61,737 per ton in December 2022; however, from January 2023 to September 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Australia ($53,756 per ton), while the price for China ($19,684 per ton) was amongst the lowest.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by South Korea (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Mollusc Preparations; Abalone, Prepared or Preserved in Japan

For the third year in a row, Japan recorded decline in shipments abroad of mollusc preparations; abalone, prepared or preserveds, which decreased by -3.8% to 9.7 tons in 2022. In general, exports faced a dramatic contraction.

In value terms, exports of mollusc preparations; abalone, prepared or preserveds contracted to $7.8M in 2022. Overall, exports faced a abrupt decrease. The smallest decline of -6.3% was in 2021.

Top Export Markets for Mollusc Preparations; Abalone, Prepared or Preserved from Japan in 2022:

1. Hong Kong SAR (8.1 tons)
2. Vietnam (0.8 tons)
3. Taiwan (Chinese) (0.4 tons)
4. Saudi Arabia (0.2 tons)

Imports of Mollusc Preparations; Abalone, Prepared or Preserved in Japan

In 2022, purchases abroad of mollusc preparations; abalone, prepared or preserveds increased by 44% to 198 tons for the first time since 2019, thus ending a two-year declining trend. In general, imports, however, saw a abrupt contraction.

In value terms, imports of mollusc preparations; abalone, prepared or preserveds skyrocketed to $6M in 2022. Overall, imports, however, showed a deep slump.

Top Suppliers of Mollusc Preparations; Abalone, Prepared or Preserved to Japan in 2022:

1. China (115.7 tons)
2. Australia (29.1 tons)
3. South Korea (27.5 tons)
4. Senegal (20.6 tons)
5. Chile (5.4 tons)

Source: IndexBox Market Intelligence Platform