Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Portugal - 2023
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Portugal (FOB) - 2023
- Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Portugal (CIF) - 2023
- Exports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Portugal
- Imports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Portugal
Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Portugal (FOB) - 2023
In November 2023, the average export price for molluscs; octopus (octopus spp.), live, fresh or chilleds amounted to $8,848 per ton, with an increase of 2% against the previous month. Over the period from November 2022 to November 2023, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in December 2022 an increase of 16% month-to-month. The export price peaked at $9,936 per ton in July 2023; however, from August 2023 to November 2023, the export prices remained at a lower figure.
Average prices varied somewhat for the major export markets. In November 2023, the country with the highest price was Brazil ($12,765 per ton), while the average price for exports to Spain ($8,565 per ton) was amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+1.9%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Portugal (CIF) - 2023
In November 2023, the average import price for molluscs; octopus (octopus spp.), live, fresh or chilleds amounted to $11,821 per ton, jumping by 23% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +3.2%. The most prominent rate of growth was recorded in February 2023 an increase of 29% against the previous month. The import price peaked at $12,286 per ton in August 2023; however, from September 2023 to November 2023, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for Spain.
From November 2022 to November 2023, the rate of growth in terms of prices for Spain amounted to +3.1% per month.
Exports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Portugal
Exports of molluscs; octopus (octopus spp.), live, fresh or chilleds from Portugal soared to 2.4K tons in 2022, jumping by 22% against the previous year's figure. Over the period under review, exports enjoyed significant growth. The growth pace was the most rapid in 2021 with an increase of 92%. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of molluscs; octopus (octopus spp.), live, fresh or chilleds soared to $21M in 2022. Overall, exports posted significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 155% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 7.5 | 6.7 | 16.9 | 20.3 | 39.4% |
| Italy | 0.8 | 0.3 | 1.0 | 0.6 | -9.1% |
| Others | 0.2 | N/A | N/A | 0.1 | -20.6% |
| Total | 8.6 | 7.0 | 17.9 | 21.1 | 34.9% |
Top Export Markets for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled from Portugal in 2022:
- Spain (2370.6 tons)
- Italy (59.6 tons)
Imports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Portugal
For the fourth consecutive year, Portugal recorded growth in purchases abroad of molluscs; octopus (octopus spp.), live, fresh or chilleds, which increased by 9.6% to 918 tons in 2022. The total import volume increased at an average annual rate of +7.9% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of molluscs; octopus (octopus spp.), live, fresh or chilleds expanded to $8.2M in 2022. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +70.4% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 45% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in years to come.
| Import of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 4.8 | 5.6 | 7.9 | 8.2 | 19.5% |
| Others | N/A | N/A | 0.3 | 0.1 | -66.7% |
| Total | 4.8 | 5.6 | 8.1 | 8.2 | 19.5% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled to Portugal in 2022:
- Spain (909.7 tons)
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