Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the UK - 2023

Contents:

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

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

The average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $16,593 per ton in 2022, rising by 90% against the previous year. In general, the import price posted a buoyant increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Australia ($31,727 per ton), while the price for Portugal ($11,893 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+23.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine amounted to $3,967 per ton, therefore, remained relatively stable against the previous year. In general, the export price, however, continues to indicate buoyant growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 74% against the previous year. Over the period under review, the average export prices reached the peak figure at $6,866 per ton in 2017; however, from 2018 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Ireland amounted to +20.0% per year.

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

In 2022, after two years of decline, there was significant growth in supplies from abroad of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine, when their volume increased by 157% to 27 tons. Over the period under review, imports, however, recorded a abrupt contraction.

In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine soared to $444K in 2022. In general, imports posted significant growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. Ireland (8.8 tons)
2. Portugal (7.2 tons)
3. Morocco (5.8 tons)
4. Spain (2.8 tons)
5. Germany (0.8 tons)
6. Australia (0.6 tons)
7. China (0.4 tons)

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

For the third year in a row, the UK recorded decline in overseas shipments of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine, which decreased by -98.8% to 399 kg in 2022. Over the period under review, exports saw a dramatic decrease. The smallest decline of -25.3% was in 2021.

In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine contracted dramatically to $1.6K in 2022. In general, exports faced a sharp slump. The smallest decline of -16.4% was in 2021.

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

1. Spain (399.0 kg)

Source: IndexBox Market Intelligence Platform