Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Saudi Arabia - 2022
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Saudi Arabia (CIF) - 2022
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Saudi Arabia
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Saudi Arabia (CIF) - 2022
The average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $4,281 per ton in 2021, picking up by 11% against the previous year. Over the period under review, the import price recorded resilient growth. The pace of growth appeared the most rapid in 2017 an increase of 141% against the previous year. As a result, import price attained the peak level of $5,314 per ton. From 2018 to 2021, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($4,555 per ton), while the price for China ($1,742 per ton) was amongst the lowest.
From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Saudi Arabia
In 2021, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds into Saudi Arabia skyrocketed to 273 tons, jumping by 17% compared with the previous year's figure. The total import volume increased at an average annual rate of +12.2% over the period from 2019 to 2021; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds skyrocketed to $1.2M in 2021. Over the period under review, total imports indicated a significant expansion from 2019 to 2021: its value increased at an average annual rate of +29.7% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports increased by +68.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when imports increased by 30% against the previous year. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Saudi Arabia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Pakistan | N/A | N/A | 698 | 0% | |
| United Arab Emirates | 24.4 | 145 | 458 | 333.2% | |
| Philippines | 37.3 | N/A | 4.2 | -66.4% | |
| China | 438 | 333 | 0.2 | -97.9% | |
| Spain | 39.0 | 165 | N/A | 323.1% | |
| Bahrain | 140 | 219 | N/A | 56.4% | |
| Others | 17.4 | 41.4 | 8.6 | -29.7% | |
| Total | 695 | 904 | 1,170 | 29.7% | |
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Saudi Arabia in 2022:
- Pakistan (170.0 tons)
- United Arab Emirates (100.6 tons)
- Philippines (1.1 tons)
- China (0.1 tons)
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