Price for Mollusc Preparations; Octopus, Prepared or Preserved in Vietnam - 2022
Contents:
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in Vietnam (FOB) - 2022
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in Vietnam (CIF) - 2022
- Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Vietnam
- Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Vietnam
Price for Mollusc Preparations; Octopus, Prepared or Preserved in Vietnam (FOB) - 2022
In 2022, the average export price for mollusc preparations; octopus, prepared or preserveds amounted to $11,097 per ton, picking up by 11% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.1%. The growth pace was the most rapid in 2017 when the average export price increased by 16% 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.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the countries with the highest prices were Japan ($11,189 per ton) and Taiwan (Chinese) ($11,189 per ton), while the average price for exports to Thailand ($11,189 per ton) and South Korea ($11,189 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+10.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mollusc Preparations; Octopus, Prepared or Preserved in Vietnam (CIF) - 2022
The average import price for mollusc preparations; octopus, prepared or preserveds stood at $14,687 per ton in 2022, rising by 1.5% against the previous year. Over the period under review, the import price enjoyed a buoyant increase. The growth pace was the most rapid in 2013 an increase of 53%. The import price peaked at $16,013 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
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 Japan ($33,402 per ton), while the price for Indonesia ($1,827 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+8.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Vietnam
In 2022, shipments abroad of mollusc preparations; octopus, prepared or preserveds was finally on the rise to reach 5.2K tons after two years of decline. The total export volume increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. 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 skyrocketed to $58M in 2022. The total export value increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Mollusc Preparations; Octopus, Prepared or Preserved in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 32.5 | 29.0 | 25.5 | 39.8 | 7.0% |
| South Korea | 5.9 | 5.1 | 6.8 | 7.5 | 8.3% |
| United States | 3.0 | 1.4 | 3.2 | 2.6 | -4.7% |
| Thailand | 1.1 | 1.6 | 2.1 | 2.2 | 26.0% |
| Taiwan (Chinese) | 1.3 | 1.4 | 1.4 | 1.3 | 0.0% |
| Germany | 0.8 | 0.4 | 0.5 | 0.9 | 4.0% |
| Hong Kong SAR | 1.0 | 0.8 | 0.9 | 0.7 | -11.2% |
| New Zealand | 0.3 | 0.2 | 0.3 | 0.3 | 0.0% |
| Others | 2.7 | 2.0 | 1.9 | 2.8 | 1.2% |
| Total | 48.5 | 41.8 | 42.6 | 58.1 | 6.2% |
Top Export Markets for Mollusc Preparations; Octopus, Prepared or Preserved from Vietnam in 2022:
- Japan (3552.9 tons)
- South Korea (672.2 tons)
- United States (234.4 tons)
- Thailand (197.5 tons)
- Taiwan (Chinese) (116.2 tons)
- Germany (81.7 tons)
- Hong Kong SAR (64.5 tons)
- New Zealand (59.5 tons)
Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Vietnam
In 2022, approx. 42 tons of mollusc preparations; octopus, prepared or preserveds were imported into Vietnam; increasing by 6.1% against the year before. In general, total imports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +15.9% 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 +55.8% against 2019 indices. The pace of growth was the most pronounced in 2021 with an increase of 29% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of mollusc preparations; octopus, prepared or preserveds totaled $618K in 2022. Overall, imports recorded a prominent expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 87% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.
| Import of Mollusc Preparations; Octopus, Prepared or Preserved in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 50.4 | 109 | 197 | 310 | 83.2% |
| China | 11.6 | 99.1 | 253 | 171 | 145.2% |
| India | 5.3 | 21.5 | 53.9 | 107 | 172.3% |
| Indonesia | 17.6 | 67.3 | 63.1 | 24.7 | 12.0% |
| Thailand | 2.2 | 6.3 | 4.4 | 0.8 | -28.6% |
| Taiwan (Chinese) | 345 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 3.4 | 2.3 | 4.3 | 178.1% |
| Total | 432 | 306 | 573 | 618 | 12.7% |
Top Suppliers of Mollusc Preparations; Octopus, Prepared or Preserved to Vietnam in 2022:
- India (13.6 tons)
- Indonesia (13.5 tons)
- Japan (9.3 tons)
- China (5.3 tons)
- Thailand (0.3 tons)
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