Price for Mollusc Preparations; Octopus, Prepared or Preserved in Canada - 2024
Contents:
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in Canada (CIF) - 2024
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in Canada (FOB) - 2022
- Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Canada
- Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Canada
Price for Mollusc Preparations; Octopus, Prepared or Preserved in Canada (CIF) - 2024
The average import price for mollusc preparations; octopus, prepared or preserveds stood at $7,115 per ton in September 2023, waning by -53.2% against the previous month. In general, the import price recorded a deep contraction. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 64% month-to-month. Over the period under review, average import prices hit record highs at $15,533 per ton in March 2023; however, from April 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 Italy ($21,925 per ton), while the price for Japan ($5,818 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Italy (+13.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mollusc Preparations; Octopus, Prepared or Preserved in Canada (FOB) - 2022
The average export price for mollusc preparations; octopus, prepared or preserveds stood at $10,556 per ton in 2021, which is down by -45.1% against the previous year. In general, the export price, however, continues to indicate mild growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by 115%. The export price peaked at $19,243 per ton in 2020, and then reduced markedly in the following year.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to -6.8% per year.
Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Canada
In 2022, the amount of mollusc preparations; octopus, prepared or preserveds imported into Canada surged to 500 tons, jumping by 31% against 2021 figures. Overall, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +2.5% 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 +55.6% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of mollusc preparations; octopus, prepared or preserveds stood at $4.8M in 2022. The total import value increased at an average annual rate of +4.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 when imports increased by 13% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Mollusc Preparations; Octopus, Prepared or Preserved in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,962 | 1,356 | 1,916 | 2,549 | 9.1% |
| Spain | 943 | 1,567 | 1,496 | 759 | -7.0% |
| Japan | 810 | 576 | 632 | 722 | -3.8% |
| India | 174 | N/A | 90.3 | 254 | 13.4% |
| Indonesia | 0.2 | 180 | N/A | 164 | 836.0% |
| South Korea | 128 | 205 | 327 | 142 | 3.5% |
| Vietnam | 62.4 | 29.6 | 35.9 | 61.9 | -0.3% |
| Others | 140 | 242 | 183 | 151 | 2.6% |
| Total | 4,218 | 4,155 | 4,679 | 4,804 | 4.4% |
Top Suppliers of Mollusc Preparations; Octopus, Prepared or Preserved to Canada in 2022:
- China (298.3 tons)
- Japan (72.5 tons)
- Spain (55.2 tons)
- India (23.4 tons)
- Indonesia (18.1 tons)
- South Korea (11.3 tons)
- Vietnam (9.5 tons)
Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Canada
In 2021, the amount of mollusc preparations; octopus, prepared or preserveds exported from Canada soared to 14 tons, jumping by 735% against the year before. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 28,600% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.
In value terms, exports of mollusc preparations; octopus, prepared or preserveds soared to $152K in 2021. Over the period under review, exports posted a significant expansion. The growth pace was the most rapid in 2020 with an increase of 50,878%. Over the period under review, the exports of hit record highs in 2021 and are likely to continue growth in the immediate term.
| Export of Mollusc Preparations; Octopus, Prepared or Preserved in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| United States | N/A | 33.1 | 152 | 359.2% | |
| Others | 0.1 | N/A | N/A | 0% | |
| Total | 0.1 | 33.1 | 152 | 3798.7% | |
Top Export Markets for Mollusc Preparations; Octopus, Prepared or Preserved from Canada in 2022:
- United States (14.4 tons)
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