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

Contents:

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

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

In 2022, the average export price for mollusc preparations; octopus, prepared or preserveds amounted to $24,225 per ton, growing by 11% against the previous year. Over the period under review, the export price saw strong growth. The growth pace was the most rapid in 2018 an increase of 81% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is expected to retain growth in the near future.

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 Austria ($30,807 per ton), while the average price for exports to Slovakia ($12,441 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 Belgium (+41.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the average import price for mollusc preparations; octopus, prepared or preserveds amounted to $12,838 per ton, picking up by 43% against the previous year. Over the period under review, import price indicated a notable expansion from 2015 to 2022: its price increased at an average annual rate of +3.6% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mollusc preparations; octopus, prepared or preserveds increased by +104.0% against 2017 indices. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2015 to 2022, the rate of growth in terms of prices for Spain amounted to +4.0% per year.

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

Exports of mollusc preparations; octopus, prepared or preserveds from Morocco contracted markedly to 16 tons in 2022, with a decrease of -34% compared with 2021 figures. Over the period under review, exports saw a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 24%. As a result, the exports attained the peak of 24 tons, and then fell markedly in the following year.

In value terms, exports of mollusc preparations; octopus, prepared or preserveds shrank notably to $391K in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +7.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +23.3% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 52%. As a result, the exports reached the peak of $534K, and then declined dramatically in the following year.

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

1. Germany (5.2 tons)
2. Czech Republic (2.5 tons)
3. Slovakia (2.3 tons)
4. United Kingdom (1.3 tons)
5. Montenegro (1.2 tons)
6. Austria (1.1 tons)
7. Ukraine (1.0 tons)
8. Singapore (0.1 tons)

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

In 2022, approx. 538 kg of mollusc preparations; octopus, prepared or preserveds were imported into Morocco; declining by -79.9% compared with the year before. Overall, imports recorded a dramatic slump. The growth pace was the most rapid in 2021 with an increase of 30%.

In value terms, imports of mollusc preparations; octopus, prepared or preserveds shrank markedly to $6.9K in 2022. In general, imports continue to indicate a dramatic downturn. The growth pace was the most rapid in 2021 when imports increased by 21% against the previous year.

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

1. Spain (538.0 kg)

Source: IndexBox Market Intelligence Platform