Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Kuwait - 2022
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Kuwait (CIF) - 2022
- Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Kuwait
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Kuwait (CIF) - 2022
The average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $11,983 per ton in 2022, jumping by 19% against the previous year. Overall, import price indicated a prominent increase from 2013 to 2022: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine increased by +74.4% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 96% against the previous year. As a result, import price reached the peak level of $13,504 per ton. From 2019 to 2022, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United Arab Emirates ($11,987 per ton), while the price for Japan stood at $11,976 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+18.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Kuwait
For the third year in a row, Kuwait recorded decline in overseas purchases of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine, which decreased by -56.2% to 644 kg in 2022. Overall, imports showed a dramatic decrease. The smallest decline of -37.1% was in 2020.
In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine fell sharply to $7.7K in 2022. In general, imports recorded a precipitous slump.
| Import of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 35.0 | 19.6 | 8.0 | 4.7 | -48.8% |
| Japan | 20.8 | 6.0 | 5.2 | 3.0 | -47.6% |
| Spain | 3.5 | N/A | N/A | N/A | 0% |
| South Korea | N/A | 3.3 | N/A | N/A | 0% |
| China | 5.4 | 2.6 | N/A | N/A | -51.9% |
| Vietnam | 4.4 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | 1.6 | N/A | 0% |
| Total | 69.0 | 31.5 | 14.9 | 7.7 | -51.9% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine to Kuwait in 2022:
- United Arab Emirates (390.0 kg)
- Japan (254.0 kg)
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