Price for Mollusc Preparations; Octopus, Prepared or Preserved in the United States - 2024
Contents:
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in the United States (CIF) - 2024
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in the United States (FOB) - 2022
- Imports of Mollusc Preparations; Octopus, Prepared or Preserved in the United States
- Exports of Mollusc Preparations; Octopus, Prepared or Preserved in the United States
Price for Mollusc Preparations; Octopus, Prepared or Preserved in the United States (CIF) - 2024
In September 2023, the average import price for mollusc preparations; octopus, prepared or preserveds amounted to $14,186 per ton, reducing by -5.2% against the previous month. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 an increase of 14% against the previous month. Over the period under review, average import prices hit record highs at $15,820 per ton in March 2023; however, from April 2023 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Japan ($21,569 per ton), while the price for Thailand ($7,839 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Japan (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mollusc Preparations; Octopus, Prepared or Preserved in the United States (FOB) - 2022
In 2022, the average export price for mollusc preparations; octopus, prepared or preserveds amounted to $11,547 per ton, rising by 66% against the previous year. Overall, export price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices hit record highs at $13,534 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($17,361 per ton), while the average price for exports to Canada ($9,270 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 Colombia (+19.5%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mollusc Preparations; Octopus, Prepared or Preserved in the United States
Imports of mollusc preparations; octopus, prepared or preserveds into the United States fell to 3.3K tons in 2022, approximately reflecting 2021. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +8.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +48.4% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 50% against the previous year. As a result, imports attained the peak of 3.4K tons, and then dropped slightly in the following year.
In value terms, imports of mollusc preparations; octopus, prepared or preserveds rose markedly to $44M in 2022. Overall, total imports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +10.6% 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 +76.9% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 67%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Mollusc Preparations; Octopus, Prepared or Preserved in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 8.3 | 8.5 | 15.9 | 15.2 | 22.3% |
| Japan | 8.0 | 4.8 | 8.4 | 9.6 | 6.3% |
| China | 7.2 | 4.6 | 8.3 | 7.7 | 2.3% |
| Vietnam | 3.0 | 2.0 | 2.2 | 2.4 | -7.2% |
| Thailand | 1.4 | 1.1 | 1.6 | 2.0 | 12.6% |
| South Korea | 1.4 | 1.8 | 2.4 | 1.9 | 10.7% |
| Indonesia | 0.7 | 0.1 | 1.0 | 1.6 | 31.7% |
| Others | 2.3 | 1.8 | 1.5 | 3.3 | 12.8% |
| Total | 32.3 | 24.7 | 41.3 | 43.7 | 10.6% |
Top Suppliers of Mollusc Preparations; Octopus, Prepared or Preserved to the United States in 2022:
- China (1218.0 tons)
- Spain (699.2 tons)
- Japan (484.3 tons)
- Vietnam (250.1 tons)
- Thailand (246.4 tons)
- South Korea (151.2 tons)
- Indonesia (92.1 tons)
Exports of Mollusc Preparations; Octopus, Prepared or Preserved in the United States
After three years of growth, shipments abroad of mollusc preparations; octopus, prepared or preserveds decreased by -76.3% to 47 tons in 2022. Overall, exports, however, recorded significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 515% against the previous year. As a result, the exports reached the peak of 199 tons, and then reduced sharply in the following year.
In value terms, exports of mollusc preparations; octopus, prepared or preserveds reduced remarkably to $545K in 2022. Over the period under review, exports, however, saw a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 297% against the previous year. As a result, the exports reached the peak of $1.4M, and then dropped remarkably in the following year.
| Export of Mollusc Preparations; Octopus, Prepared or Preserved in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | 52.3 | 78.2 | 1,220 | 134 | 36.8% |
| Canada | 49.5 | 128 | 43.2 | 107 | 29.3% |
| France | 56.7 | 51.1 | 37.3 | 67.8 | 6.1% |
| Dominican Republic | N/A | N/A | 13.0 | 66.7 | 413.1% |
| Cayman Islands | 66.5 | 16.5 | 20.0 | 43.2 | -13.4% |
| Honduras | 4.1 | N/A | N/A | 40.7 | 114.9% |
| Guatemala | N/A | N/A | 16.4 | 35.0 | 113.4% |
| Germany | 65.8 | 22.3 | N/A | N/A | -66.1% |
| Others | 59.9 | 51.8 | 32.7 | 50.8 | -5.3% |
| Total | 355 | 348 | 1,382 | 545 | 15.4% |
Top Export Markets for Mollusc Preparations; Octopus, Prepared or Preserved from the United States in 2022:
- Mexico (12.7 tons)
- Canada (11.5 tons)
- Dominican Republic (5.1 tons)
- France (3.9 tons)
- Honduras (3.7 tons)
- Cayman Islands (3.3 tons)
- Guatemala (2.3 tons)
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