Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in China - 2023
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in China (FOB) - 2023
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in China (CIF) - 2022
- Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in China
- Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in China
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in China (FOB) - 2023
In December 2023, the average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine amounted to $22,085 per ton, surging by 322% against the previous month. In general, the export price recorded prominent growth. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was Taiwan (Chinese) ($39,800 per ton), while the average price for exports to South Korea ($7,961 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in China (CIF) - 2022
In 2022, the average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine amounted to $4,792 per ton, remaining constant against the previous year. Over the period under review, the import price continues to indicate a noticeable decrease. The pace of growth was the most pronounced in 2018 when the average import price increased by 89%. As a result, import price attained the peak level of $7,740 per ton. From 2019 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for the Philippines.
From 2012 to 2022, the rate of growth in terms of prices for India amounted to +23.0% per year.
Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in China
In 2022, after three years of growth, there was decline in shipments abroad of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine, when their volume decreased by -0.7% to 840 tons. In general, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 when exports increased by 191% against the previous year. As a result, the exports attained the peak of 846 tons, leveling off in the following year.
In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine expanded slightly to $5.8M in 2022. Overall, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 145%. 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 China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 0.7 | 1.6 | 4.2 | 4.5 | 85.9% |
| Japan | 1.0 | 0.2 | 1.0 | 0.9 | -3.5% |
| Others | 1.4 | 0.5 | 0.4 | 0.4 | -34.1% |
| Total | 3.1 | 2.3 | 5.7 | 5.8 | 23.2% |
Top Export Markets for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine from China in 2022:
- South Korea (738.1 tons)
- Japan (86.3 tons)
Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in China
For the third consecutive year, China recorded decline in supplies from abroad of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine, which decreased by 0% to 8.6 tons in 2022. Over the period under review, imports continue to indicate a dramatic decline. The smallest decline of -50.1% was in 2020.
In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $41K in 2022. In general, imports recorded a dramatic contraction. The smallest decline of -42.8% was in 2020.
| Import of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | N/A | N/A | N/A | 41.1 | 0% |
| Thailand | 86.5 | N/A | N/A | N/A | 0% |
| Senegal | N/A | 4.5 | N/A | N/A | 0% |
| Indonesia | 41.8 | N/A | N/A | N/A | 0% |
| Mexico | N/A | 77.7 | N/A | N/A | 0% |
| Others | 15.3 | N/A | N/A | N/A | 0% |
| Total | 144 | 82.2 | N/A | 41.1 | -34.2% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine to China in 2022:
- Philippines (8.6 tons)
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