Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the United States - 2023
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the United States (CIF) - 2023
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the United States (FOB) - 2022
- Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the United States
- Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the United States
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the United States (CIF) - 2023
In December 2023, the average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine amounted to $8,274 per ton, dropping by -12.2% against the previous month. Overall, the import price showed a mild decrease. The growth pace was the most rapid in March 2023 when the average import price increased by 25% m-o-m. The import price peaked at $10,995 per ton in August 2023; however, from September 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Mexico ($15,587 per ton), while the price for India ($3,471 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by China (+9.4%), 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 States (FOB) - 2022
The average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $6,771 per ton in 2022, reducing by -26.8% against the previous year. In general, the export price, however, posted notable growth. The growth pace was the most rapid in 2016 when the average export price increased by 39%. The export price peaked at $9,248 per ton in 2021, and then shrank notably in the following year.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mexico ($25,300 per ton), while the average price for exports to Spain ($6,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+90.2%), 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 States
In 2022, the amount of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine imported into the United States dropped to 6.2K tons, reducing by -10.9% against 2021 figures. Over the period under review, imports continue to indicate a noticeable setback. The growth pace was the most rapid in 2021 when imports increased by 74%. As a result, imports reached the peak of 6.9K tons, and then contracted in the following year.
In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine contracted to $63M in 2022. Overall, imports, however, enjoyed a temperate expansion. The pace of growth was the most pronounced in 2021 with an increase of 123% against the previous year. As a result, imports reached the peak of $65M, and then fell slightly in the following year.
| Import of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 40.0 | 19.6 | 46.3 | 44.4 | 3.5% |
| Indonesia | 3.0 | 1.7 | 3.4 | 5.6 | 23.1% |
| Mexico | 1.6 | 1.5 | 3.9 | 3.1 | 24.7% |
| India | 1.7 | 0.5 | 1.8 | 2.4 | 12.2% |
| Philippines | 4.0 | 1.8 | 1.8 | 2.3 | -16.8% |
| China | 1.5 | 1.2 | 2.1 | 1.8 | 6.3% |
| Vietnam | 2.1 | 0.9 | 1.0 | 1.4 | -12.6% |
| Others | 2.7 | 1.8 | 4.2 | 2.1 | -8.0% |
| Total | 56.7 | 29.0 | 64.6 | 63.0 | 3.6% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine to the United States in 2022:
- Spain (3728.0 tons)
- Indonesia (751.8 tons)
- India (513.1 tons)
- Philippines (389.1 tons)
- Mexico (258.5 tons)
- Vietnam (243.2 tons)
- China (155.4 tons)
Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the United States
In 2022, the amount of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine exported from the United States skyrocketed to 65 tons, increasing by 247% compared with the previous year's figure. Over the period under review, exports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of 729%. Over the period under review, the exports of hit record highs in 2022 and are likely to continue growth in the near future.
In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine soared to $439K in 2022. Overall, exports enjoyed resilient growth. The most prominent rate of growth was recorded in 2021 with an increase of 747% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Export of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | N/A | N/A | N/A | 255 | 0% |
| Canada | 174 | 11.9 | 173 | 175 | 0.2% |
| Dominican Republic | 21.8 | N/A | N/A | N/A | 0% |
| Indonesia | 157 | N/A | N/A | N/A | 0% |
| Others | 27.4 | 8.6 | N/A | 8.9 | -31.3% |
| Total | 380 | 20.4 | 173 | 439 | 4.9% |
Top Export Markets for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine from the United States in 2022:
- Spain (42.5 tons)
- Canada (21.8 tons)
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