Price for Mollusc Preparations; Octopus, Prepared or Preserved in Indonesia - 2022

Contents:

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

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

The average export price for mollusc preparations; octopus, prepared or preserveds stood at $17,099 per ton in March 2022, increasing by 28% against the previous month. In general, export price indicated prominent growth from March 2021 to March 2022: its price increased at an average monthly rate of +6.6% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on March 2022 figures, export price for mollusc preparations; octopus, prepared or preserveds increased by +28.2% against February 2022 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In March 2022, the country with the highest price was Germany ($32,051 per ton), while the average price for exports to Italy ($11,206 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+9.8%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Mollusc Preparations; Octopus, Prepared or Preserved in Indonesia (CIF) - 2022

In 2022, the average import price for mollusc preparations; octopus, prepared or preserveds amounted to $11,090 per ton, declining by -5.8% against the previous year. In general, the import price, however, showed a noticeable expansion. The pace of growth appeared the most rapid in 2016 when the average import price increased by 173% against the previous year. Over the period under review, average import prices reached the peak figure at $11,769 per ton in 2021, and then fell in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Malaysia ($17,421 per ton), while the price for China ($7,547 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+30.1%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the amount of mollusc preparations; octopus, prepared or preserveds exported from Indonesia amounted to 638 tons, growing by 2.9% compared with 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 43%.

In value terms, exports of mollusc preparations; octopus, prepared or preserveds soared to $8.7M in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +6.6% 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 +103.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 59% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to see gradual growth in years to come.

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

1. Italy (210.8 tons)
2. United States (131.1 tons)
3. China (89.9 tons)
4. Vietnam (70.3 tons)
5. Russia (28.8 tons)
6. Germany (22.7 tons)
7. Spain (14.9 tons)

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

In 2022, approx. 112 tons of mollusc preparations; octopus, prepared or preserveds were imported into Indonesia; surging by 2% compared with 2021. Overall, imports, however, continue to indicate a abrupt decrease. The pace of growth appeared the most rapid in 2021 when imports increased by 58%.

In value terms, imports of mollusc preparations; octopus, prepared or preserveds contracted modestly to $1.2M in 2022. Over the period under review, imports, however, showed a abrupt curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 75% against the previous year.

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

1. China (42.6 tons)
2. Singapore (32.5 tons)
3. Taiwan (Chinese) (30.7 tons)
4. Malaysia (5.1 tons)

Source: IndexBox Market Intelligence Platform