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

Contents:

  1. Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Saudi Arabia (CIF) - 2022
  2. Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Saudi Arabia

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

The average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $5,562 per ton in 2022, reducing by -55.6% against the previous year. Over the period under review, the import price faced a drastic downturn. The pace of growth was the most pronounced in 2021 an increase of 154%. Over the period under review, average import prices reached the peak figure at $16,721 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

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

From 2017 to 2022, the rate of growth in terms of prices for Japan amounted to +30.5% per year.

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

In 2022, the amount of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine imported into Saudi Arabia surged to 25 tons, with an increase of 496% against the previous year. Over the period under review, imports recorded significant growth.

In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine soared to $141K in 2022. Overall, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 with an increase of 217%. As a result, imports reached the peak of $228K. From 2021 to 2022, the growth of imports of failed to regain momentum.

Import of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Saudi Arabia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NetherlandsN/AN/AN/A1410%
Japan26.5N/A13.2N/A-29.4%
ChinaN/A41.7N/AN/A0%
United Arab Emirates45.518314.1N/A-44.3%
OthersN/A2.925.8N/A789.7%
Total72.022853.114125.1%

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

  1. Netherlands (25.3 tons)

Source: IndexBox Market Intelligence Platform

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