Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Malaysia - 2024
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Malaysia (FOB) - 2022
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Malaysia (CIF) - 2022
- Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Malaysia
- Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Malaysia
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Malaysia (FOB) - 2022
The average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $26,967 per ton in 2022, increasing by 22% against the previous year. In general, the export price saw a significant expansion. The growth pace was the most rapid in 2018 an increase of 210%. The export price peaked in 2022 and is expected to retain growth in years to come.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Australia amounted to +21.0% per year.
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Malaysia (CIF) - 2022
In 2022, the average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine amounted to $18,460 per ton, growing by 57% against the previous year. Over the period under review, the import price showed buoyant growth. The growth pace was the most rapid in 2021 an increase of 198% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($27,173 per ton), while the price for China ($15,779 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+17.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Malaysia
In 2022, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine from Malaysia skyrocketed to 18 tons, with an increase of 305% compared with the previous year. Overall, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine soared to $486K in 2022. Over the period under review, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | 98.1 | 486 | 395.4% |
| Australia | 7.0 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.0 | N/A | 98.1 | 486 | 311.0% |
Top Export Markets for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine from Malaysia in 2022:
- Singapore (18.0 tons)
Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Malaysia
In 2022, purchases abroad of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine decreased by -26.7% to 6.8 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports showed a dramatic decline. The growth pace was the most rapid in 2020 when imports increased by 49%. As a result, imports attained the peak of 40 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine expanded significantly to $125K in 2022. In general, imports recorded a precipitous curtailment.
| Import of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 72.6 | 24.9 | 72.4 | 66.2 | -3.0% |
| Vietnam | 58.8 | N/A | N/A | 51.8 | -4.1% |
| Spain | N/A | 3.5 | N/A | 3.8 | 4.2% |
| Hong Kong SAR | 75.0 | N/A | N/A | 3.2 | -65.1% |
| Thailand | N/A | 25.7 | N/A | N/A | 0% |
| Japan | 54.4 | N/A | N/A | N/A | 0% |
| Indonesia | N/A | 81.9 | 36.5 | N/A | -55.4% |
| Singapore | 4.8 | 21.1 | N/A | N/A | 339.6% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 266 | 157 | 109 | 125 | -22.3% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine to Malaysia in 2022:
- China (4.2 tons)
- Vietnam (2.2 tons)
- Hong Kong SAR (0.2 tons)
- Spain (0.1 tons)
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