Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Norway - 2023
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Norway (CIF) - 2022
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Norway (FOB) - 2022
- Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Norway
- Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Norway
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Norway (CIF) - 2022
The average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $32,333 per ton in 2022, increasing by 247% against the previous year. In general, the import price posted buoyant growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for Vietnam.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to +18.2% per year.
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Norway (FOB) - 2022
The average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $12,078 per ton in 2022, with a decrease of -7.3% against the previous year. Over the period under review, export price indicated a modest increase from 2012 to 2022: its price increased at an average annual rate of +1.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine increased by +80.1% against 2018 indices. The pace of growth appeared the most rapid in 2016 when the average export price increased by 35% against the previous year. Over the period under review, the average export prices hit record highs at $13,023 per ton in 2021, and then reduced in the following year.
Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($14,276 per ton), while the average price for exports to Denmark amounted to $10,159 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+3.3%).
Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Norway
For the third consecutive year, Norway recorded decline in supplies from abroad of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine, which decreased by -98.1% to 12 kg in 2022. Over the period under review, imports recorded a sharp downturn. The smallest decline of -42.4% was in 2020.
In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine declined notably to $388 in 2022. Overall, imports faced a precipitous slump. The smallest decline of -5.2% was in 2020.
| Import of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 0.3 | 0.1 | N/A | 0.4 | 10.1% |
| Spain | 9.0 | 9.4 | 2.9 | N/A | -43.2% |
| Thailand | 1.7 | 1.6 | 0.4 | N/A | -51.5% |
| China | 5.3 | 5.1 | 1.5 | N/A | -46.8% |
| United States | 0.8 | 0.8 | 0.2 | N/A | -50.0% |
| India | 0.7 | 0.7 | 0.2 | N/A | -46.5% |
| Denmark | 0.9 | 0.1 | N/A | N/A | -88.9% |
| Yemen | 0.1 | N/A | N/A | N/A | 0% |
| Others | 3.2 | 3.0 | 0.6 | N/A | -56.7% |
| Total | 22.1 | 20.9 | 5.9 | 0.4 | -73.7% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine to Norway in 2022:
- Vietnam (12.0 kg)
Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Norway
In 2022, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine from Norway dropped to 412 kg, waning by -14.2% compared with the year before. The total export volume increased at an average annual rate of +5.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 40% against the previous year. As a result, the exports attained the peak of 480 kg, and then fell in the following year.
In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine declined significantly to $5K in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 when exports increased by 69% against the previous year. As a result, the exports attained the peak of $6.3K, and then declined notably in the following year.
| Export of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Slovenia | 1.9 | 2.3 | 1.2 | 2.7 | 12.4% |
| Denmark | 1.0 | 1.4 | 0.8 | 2.2 | 30.1% |
| Spain | N/A | N/A | 3.4 | N/A | 0% |
| Others | N/A | N/A | 0.9 | N/A | 0% |
| Total | 2.8 | 3.7 | 6.3 | 5.0 | 21.3% |
Top Export Markets for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine from Norway in 2022:
- Denmark (220.0 kg)
- Slovenia (192.0 kg)
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