Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Russia - 2022

Contents:

1. Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Russia (FOB) - 2022
2. Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Russia (CIF) - 2022
3. Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Russia
4. Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Russia

Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Russia (FOB) - 2022

The average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $14,153 per ton in 2022, increasing by 20% against the previous year. In general, export price indicated a notable expansion from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 +105.6% against 2015 indices. The growth pace was the most rapid in 2020 when the average export price increased by 29%. Over the period under review, the average export prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for Kazakhstan.

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +7.1% per year.

Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Russia (CIF) - 2022

In 2021, the average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine amounted to $5,163 per ton, growing by 44% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The import price peaked at $5,227 per ton in 2012; afterwards, it flattened through to 2021.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2021, the rate of growth in terms of prices for Indonesia amounted to +7.8% per year.

Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Russia

In 2022, overseas shipments of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine decreased by -17.5% to 9.5 tons for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 17%. As a result, the exports reached the peak of 12 tons, and then fell rapidly in the following year.

In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine reduced to $134K in 2022. The total export value increased at an average annual rate of +11.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 39% against the previous year.

Top Export Markets for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine from Russia in 2022:

1. Kazakhstan (9.5 tons)

Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Russia

In 2021, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine into Russia skyrocketed to 30 tons, growing by 25% against 2020. In general, imports saw a significant increase. The growth pace was the most rapid in 2020 when imports increased by 56% against the previous year. Over the period under review, imports of attained the maximum in 2021 and are likely to continue growth in the immediate term.

In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine skyrocketed to $156K in 2021. Over the period under review, imports enjoyed a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 103%. Imports peaked in 2021 and are likely to see gradual growth in years to come.

Top Suppliers of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine to Russia in 2022:

1. China (30.3 tons)

Source: IndexBox Market Intelligence Platform