Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in New Zealand - 2024

Contents:

1. Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in New Zealand (CIF) - 2024
2. Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in New Zealand (FOB) - 2022
3. Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in New Zealand
4. Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in New Zealand

Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in New Zealand (CIF) - 2024

The average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $6,018 per ton in September 2023, surging by 11% against the previous month. Over the period under review, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 15% m-o-m. As a result, import price reached the peak level of $6,395 per ton. From May 2023 to September 2023, the average import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($10,829 per ton), while the price for Thailand ($5,385 per ton) was amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Thailand (+2.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in New Zealand (FOB) - 2022

In 2022, the average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $4,399 per ton, picking up by 12% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. Over the period under review, the average export prices attained the peak figure at $4,643 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cook Islands ($6,513 per ton), while the average price for exports to Australia ($4,047 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 Lebanon (+3.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in New Zealand

For the fourth year in a row, New Zealand recorded growth in overseas purchases of mollusc preparations; cuttle fish and squid, prepared or preserveds, which increased by 8.1% to 845 tons in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +13.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 27%. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds expanded remarkably to $5.2M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +17.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +62.1% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 35%. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to New Zealand in 2022:

1. China (618.4 tons)
2. Malaysia (75.3 tons)
3. Thailand (59.3 tons)
4. Indonesia (50.2 tons)
5. Vietnam (19.7 tons)

Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in New Zealand

In 2022, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds from New Zealand expanded rapidly to 141 tons, growing by 12% on 2021. Overall, total exports indicated a mild expansion from 2019 to 2022: its volume increased at an average annual rate of +1.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +107.3% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 85% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.

In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds surged to $621K in 2022. Over the period under review, exports recorded a mild expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 74% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.

Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from New Zealand in 2022:

1. Australia (96.1 tons)
2. Lebanon (27.9 tons)
3. New Caledonia (5.0 tons)
4. Tonga (2.4 tons)
5. Fiji (2.4 tons)
6. Vanuatu (2.2 tons)
7. Cook Islands (1.2 tons)

Source: IndexBox Market Intelligence Platform