Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Malaysia - 2024
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Malaysia (FOB) - 2022
- Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Malaysia (CIF) - 2022
- Exports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Malaysia
- Imports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Malaysia
Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Malaysia (FOB) - 2022
The average export price for molluscs; octopus (octopus spp.), live, fresh or chilleds stood at $2,723 per ton in 2022, approximately equating the previous year. Over the period under review, the export price recorded a pronounced setback. The most prominent rate of growth was recorded in 2018 when the average export price increased by 456% against the previous year. As a result, the export price reached the peak level of $4,460 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for Singapore.
From 2012 to 2022, the rate of growth in terms of prices for Thailand amounted to -1.7% per year.
Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Malaysia (CIF) - 2022
In 2022, the average import price for molluscs; octopus (octopus spp.), live, fresh or chilleds amounted to $4,443 per ton, increasing by 58% against the previous year. Over the period under review, the import price recorded a buoyant expansion. The pace of growth was the most pronounced in 2021 an increase of 235%. The import price peaked in 2022 and is expected to retain growth in the near future.
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 ($30,091 per ton), while the price for Thailand ($482 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+52.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Malaysia
In 2022, shipments abroad of molluscs; octopus (octopus spp.), live, fresh or chilleds decreased by 0% to 13 tons, falling for the second consecutive year after two years of growth. In general, exports enjoyed a significant increase. The pace of growth was the most pronounced in 2020 with an increase of 9.9% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of molluscs; octopus (octopus spp.), live, fresh or chilleds totaled $36K in 2022. Overall, exports recorded significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 89% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the immediate term.
| Export of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | N/A | N/A | N/A | 36.0 | 0% |
| Thailand | 1.5 | 2.9 | N/A | N/A | 93.3% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 1.5 | 2.9 | N/A | 36.0 | 188.4% |
Top Export Markets for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled from Malaysia in 2022:
- Singapore (13.2 tons)
Imports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Malaysia
In 2022, after two years of decline, there was significant growth in overseas purchases of molluscs; octopus (octopus spp.), live, fresh or chilleds, when their volume increased by 22% to 5.7 tons. In general, imports, however, saw a dramatic slump.
In value terms, imports of molluscs; octopus (octopus spp.), live, fresh or chilleds soared to $25K in 2022. Over the period under review, imports, however, showed a abrupt slump.
| Import of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Malaysia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 5.3 | N/A | 10.9 | 20.1 | 55.9% |
| Spain | N/A | N/A | N/A | 3.0 | 0% |
| Thailand | N/A | 6.4 | 2.4 | 2.3 | -40.1% |
| Indonesia | 33.4 | N/A | N/A | N/A | 0% |
| Others | 2.2 | 3.7 | N/A | N/A | 68.2% |
| Total | 40.9 | 10.1 | 13.3 | 25.4 | -14.7% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled to Malaysia in 2022:
- Thailand (4.8 tons)
- France (0.9 tons)
- Spain (0.1 tons)
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