Price for Mollusc Preparations; Octopus, Prepared or Preserved in Belgium - 2023

Contents:

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

Price for Mollusc Preparations; Octopus, Prepared or Preserved in Belgium (CIF) - 2023

In September 2023, the average import price for mollusc preparations; octopus, prepared or preserveds amounted to $12,668 per ton, declining by -36.3% against the previous month. Overall, the import price showed a perceptible curtailment. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 57% against the previous month. As a result, import price reached the peak level of $19,902 per ton, and then reduced markedly in the following month.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was China ($11,880 per ton), while the price for Vietnam amounted to $7,877 per ton.

From November 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Spain (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Mollusc Preparations; Octopus, Prepared or Preserved in Belgium (FOB) - 2022

In 2022, the average export price for mollusc preparations; octopus, prepared or preserveds amounted to $16,799 per ton, which is down by -2.6% against the previous year. In general, the export price, however, continues to indicate a strong expansion. The growth pace was the most rapid in 2016 when the average export price increased by 58%. The export price peaked at $18,323 per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Romania ($32,471 per ton), while the average price for exports to France ($12,037 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 Mexico (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Belgium

In 2022, approx. 157 tons of mollusc preparations; octopus, prepared or preserveds were imported into Belgium; picking up by 2.2% on the previous year's figure. Over the period under review, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 107%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, imports of mollusc preparations; octopus, prepared or preserveds expanded rapidly to $2.6M in 2022. Overall, imports showed a significant increase. The growth pace was the most rapid in 2021 with an increase of 164%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Top Suppliers of Mollusc Preparations; Octopus, Prepared or Preserved to Belgium in 2022:

1. Italy (71.7 tons)
2. Vietnam (24.5 tons)
3. Spain (23.4 tons)
4. China (22.1 tons)
5. Greece (7.9 tons)
6. Indonesia (4.9 tons)

Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Belgium

For the fourth year in a row, Belgium recorded growth in overseas shipments of mollusc preparations; octopus, prepared or preserveds, which increased by 15% to 125 tons in 2022. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 212% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, exports of mollusc preparations; octopus, prepared or preserveds expanded markedly to $2.1M in 2022. In general, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 216%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

Top Export Markets for Mollusc Preparations; Octopus, Prepared or Preserved from Belgium in 2022:

1. United Kingdom (50.9 tons)
2. France (36.4 tons)
3. Germany (24.4 tons)
4. Netherlands (4.6 tons)
5. Mexico (3.1 tons)
6. Romania (2.0 tons)
7. Poland (0.4 tons)

Source: IndexBox Market Intelligence Platform