Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the United Arab Emirates - 2022

Contents:

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

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

The average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $5,508 per ton in 2022, with a decrease of -6.2% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.0%. The most prominent rate of growth was recorded in 2021 when the average import price increased by 24%. Over the period under review, average import prices attained the peak figure at $6,964 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Spain ($14,090 per ton), while the price for China ($2,029 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+7.6%), 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 United Arab Emirates (FOB) - 2022

The average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $5,936 per ton in 2022, rising by 13% against the previous year. In general, the export price saw a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 191%. As a result, the export price attained the peak level of $12,989 per ton. From 2015 to 2022, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Bahrain ($7,750 per ton) and Kuwait ($6,548 per ton), while the average price for exports to Jordan ($5,500 per ton) and Oman ($5,635 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Maldives (+14.2%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, supplies from abroad of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine was finally on the rise to reach 288 tons after two years of decline. In general, imports recorded a significant expansion. As a result, imports reached the peak 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 surged to $1.6M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports reached 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 United Arab Emirates in 2022:

1. India (149.4 tons)
2. Spain (40.1 tons)
3. China (30.9 tons)
4. United Kingdom (21.4 tons)
5. Indonesia (16.3 tons)
6. Pakistan (12.5 tons)
7. Somalia (11.5 tons)

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

In 2022, overseas shipments of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine decreased by -29% to 6.8 tons, falling for the second year in a row after two years of growth. In general, exports recorded a sharp descent. The growth pace was the most rapid in 2020 when exports increased by 71%. As a result, the exports attained the peak of 46 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine declined rapidly to $40K in 2022. Overall, exports showed a dramatic slump. The most prominent rate of growth was recorded in 2020 with an increase of 124% against the previous year. As a result, the exports attained the peak of $251K. From 2021 to 2022, the growth of the exports of failed to regain momentum.

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

1. Oman (3.8 tons)
2. Jordan (1.3 tons)
3. Kuwait (1.3 tons)
4. Bahrain (0.5 tons)

Source: IndexBox Market Intelligence Platform