Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Australia - 2024
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Australia (CIF) - 2022
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Australia (FOB) - 2022
- Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Australia
- Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Australia
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Australia (CIF) - 2022
The average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $15,121 per ton in 2022, rising by 149% against the previous year. In general, the import price saw a strong expansion. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($16,762 per ton), while the price for Vietnam ($3,321 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+14.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Australia (FOB) - 2022
The average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $10,694 per ton in 2022, growing by 66% against the previous year. In general, the export price saw a temperate expansion. The most prominent rate of growth was recorded in 2013 when the average export price increased by 115%. The export price peaked at $20,726 per ton in 2018; however, from 2019 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 United Arab Emirates ($21,614 per ton), while the average price for exports to Solomon Islands ($5,239 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 Vietnam (+27.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Australia
In 2022, approx. 5.1 tons of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine were imported into Australia; reducing by -93.6% against the previous year's figure. In general, imports continue to indicate a dramatic decline. The growth pace was the most rapid in 2021 when imports increased by 77% against the previous year.
In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine declined markedly to $77K in 2022. Over the period under review, imports continue to indicate a precipitous setback. The pace of growth appeared the most rapid in 2021 when imports increased by 71%.
| Import of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 273 | 80.9 | 96.3 | 58.0 | -40.3% |
| South Korea | 20.8 | 19.6 | 57.1 | 13.6 | -13.2% |
| Vietnam | 182 | 145 | 95.7 | 1.8 | -78.5% |
| Malaysia | 38.6 | N/A | N/A | N/A | 0% |
| Indonesia | 77.0 | 32.5 | 230 | N/A | 72.8% |
| Others | 19.3 | 4.5 | 2.7 | 3.1 | -45.6% |
| Total | 611 | 282 | 482 | 76.5 | -50.0% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine to Australia in 2022:
- China (3.5 tons)
- South Korea (1.0 tons)
- Vietnam (0.6 tons)
Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Australia
In 2022, approx. 4.3 tons of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine were exported from Australia; declining by -12% on 2021 figures. Overall, exports showed a drastic downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 129%.
In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine soared to $46K in 2022. Over the period under review, exports, however, recorded a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 172% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Papua New Guinea | 21.5 | 10.6 | 26.2 | 16.5 | -8.4% |
| Hong Kong SAR | N/A | N/A | 4.2 | 16.4 | 290.5% |
| United Arab Emirates | 1.4 | N/A | N/A | 10.8 | 97.6% |
| Solomon Islands | N/A | N/A | N/A | 2.0 | 0% |
| Vanuatu | 1.3 | N/A | N/A | 0.2 | -46.4% |
| Nauru | 8.2 | 1.0 | 1.1 | N/A | -63.4% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 32.5 | 11.6 | 31.5 | 45.9 | 12.2% |
Top Export Markets for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine from Australia in 2022:
- Papua New Guinea (2580.0 kg)
- Hong Kong SAR (800.0 kg)
- United Arab Emirates (500.0 kg)
- Solomon Islands (380.0 kg)
- Vanuatu (30.0 kg)
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