Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Pakistan - 2023
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Pakistan (FOB) - 2022
- Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Pakistan
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Pakistan (FOB) - 2022
The average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $5,555 per ton in 2022, increasing by 14% against the previous year. In general, the export price posted prominent growth. The growth pace was the most rapid in 2018 an increase of 302% against the previous year. Over the period under review, the average export prices reached the maximum at $8,085 per ton in 2019; however, from 2020 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 the United States ($9,562 per ton), while the average price for exports to China ($2,463 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 the United Arab Emirates (+19.4%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Pakistan
In 2022, after three years of growth, there was significant decline in shipments abroad of mollusc preparations; cuttle fish and squid, prepared or preserveds, when their volume decreased by -26.3% to 3.2K tons. In general, exports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 when exports increased by 1,048% against the previous year. As a result, the exports attained the peak of 4.3K tons, and then contracted notably in the following year.
In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds declined dramatically to $18M in 2022. Over the period under review, exports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 845% against the previous year. As a result, the exports attained the peak of $21M, and then contracted dramatically in the following year.
| Export of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2.7 | 1.5 | 8.8 | 7.9 | 43.0% |
| Thailand | N/A | 0.5 | 7.8 | 7.6 | 289.9% |
| China | N/A | 0.1 | 0.9 | 0.9 | 200.0% |
| United Arab Emirates | N/A | 0.2 | 1.4 | 0.6 | 73.2% |
| Vietnam | N/A | N/A | 0.5 | 0.4 | -20.0% |
| Malaysia | N/A | N/A | 1.0 | 0.1 | -90.0% |
| Indonesia | N/A | N/A | 0.6 | N/A | 0% |
| Others | N/A | N/A | 0.2 | 0.3 | 50.0% |
| Total | 2.7 | 2.2 | 21.1 | 17.8 | 87.5% |
Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from Pakistan in 2022:
- Thailand (1730.1 tons)
- United States (822.4 tons)
- China (349.0 tons)
- United Arab Emirates (119.7 tons)
- Vietnam (83.4 tons)
- Malaysia (28.2 tons)
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