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

Contents:

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

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

The average export price for mollusc preparations; octopus, prepared or preserveds stood at $4,562 per ton in 2022, shrinking by -9.5% against the previous year. In general, the export price showed a deep downturn. The most prominent rate of growth was recorded in 2013 when the average export price increased by 21% against the previous year. Over the period under review, the average export prices reached the peak figure at $32,667 per ton in 2015; however, from 2016 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($10,816 per ton), while the average price for exports to Maldives stood at $3,815 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (-17.2%).

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

The average import price for mollusc preparations; octopus, prepared or preserveds stood at $8,167 per ton in 2022, picking up by 22% against the previous year. Over the period under review, the import price, however, saw a deep reduction. The growth pace was the most rapid in 2021 an increase of 49%. The import price peaked at $15,169 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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 Germany ($10,500 per ton), while the price for Italy ($3,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (-12.5%).

Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Sri Lanka

In 2022, shipments abroad of mollusc preparations; octopus, prepared or preserveds increased by 2,646% to 714 kg for the first time since 2019, thus ending a two-year declining trend. Overall, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of mollusc preparations; octopus, prepared or preserveds surged to $3.3K in 2022. Over the period under review, exports continue to indicate a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

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

1. Maldives (637.0 kg)
2. United Kingdom (76.0 kg)

Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Sri Lanka

After three years of growth, supplies from abroad of mollusc preparations; octopus, prepared or preserveds decreased by -95% to 6 kg in 2022. In general, imports showed a sharp reduction. The growth pace was the most rapid in 2020 with an increase of 64%.

In value terms, imports of mollusc preparations; octopus, prepared or preserveds dropped notably to $49 in 2022. Over the period under review, imports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2021 with an increase of 70% against the previous year. As a result, imports attained the peak of $800, and then contracted markedly in the following year.

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

1. Germany (4.0 kg)
2. Italy (1.0 kg)
3. Singapore (1.0 kg)

Source: IndexBox Market Intelligence Platform