Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in the United Arab Emirates - 2022
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in the United Arab Emirates (CIF) - 2022
- Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in the United Arab Emirates (FOB) - 2022
- Imports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in the United Arab Emirates
- Exports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in the United Arab Emirates
Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in the United Arab Emirates (CIF) - 2022
In 2022, the average import price for molluscs; octopus (octopus spp.), live, fresh or chilleds amounted to $7,713 per ton, picking up by 37% against the previous year. Over the period under review, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +9.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for molluscs; octopus (octopus spp.), live, fresh or chilleds increased by +40.6% against 2020 indices. The pace of growth appeared the most rapid in 2013 an increase of 66%. Over the period under review, average import prices hit record highs at $8,613 per ton in 2019; however, from 2020 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 Greece ($18,332 per ton), while the price for Oman ($1,270 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (+19.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in the United Arab Emirates (FOB) - 2022
In 2022, the average export price for molluscs; octopus (octopus spp.), live, fresh or chilleds amounted to $9,980 per ton, remaining stable against the previous year. Overall, the export price showed a perceptible descent. The most prominent rate of growth was recorded in 2014 when the average export price increased by 46% against the previous year. The export price peaked at $12,244 per ton in 2012; however, from 2013 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Maldives ($10,206 per ton), while the average price for exports to Seychelles ($2,368 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 Egypt (+24.7%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in the United Arab Emirates
In 2022, supplies from abroad of molluscs; octopus (octopus spp.), live, fresh or chilleds decreased by -26.1% to 11 tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2020 when imports increased by 411% against the previous year.
In value terms, imports of molluscs; octopus (octopus spp.), live, fresh or chilleds totaled $81K in 2022. Over the period under review, imports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 226%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Mexico | N/A | 1.5 | N/A | 30.0 | 347.2% |
| Greece | 0.1 | N/A | N/A | 14.5 | 425.4% |
| Morocco | N/A | N/A | 0.2 | 10.4 | 5100.0% |
| Japan | 0.9 | 2.4 | 5.3 | 7.3 | 100.9% |
| Spain | 1.6 | 2.3 | 1.4 | 6.5 | 59.6% |
| Pakistan | N/A | 0.7 | 2.8 | 4.5 | 153.5% |
| India | 2.3 | 4.0 | 5.6 | 2.4 | 1.4% |
| Oman | 0.1 | 0.3 | 2.4 | 1.6 | 152.0% |
| France | 6.1 | 3.5 | 4.1 | 0.9 | -47.2% |
| Yemen | 1.3 | 5.4 | 1.2 | N/A | -3.9% |
| South Korea | 2.4 | 15.2 | 2.0 | N/A | -8.7% |
| Netherlands | 1.8 | 8.0 | 11.0 | N/A | 147.2% |
| Others | 2.7 | 19.1 | 44.2 | 3.2 | 5.8% |
| Total | 19.2 | 62.5 | 80.2 | 81.3 | 61.8% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled to the United Arab Emirates in 2022:
- Mexico (2.5 tons)
- Pakistan (2.1 tons)
- Oman (1.3 tons)
- India (1.1 tons)
- Morocco (0.9 tons)
- Greece (0.8 tons)
- Japan (0.7 tons)
- Spain (0.6 tons)
- France (0.1 tons)
Exports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in the United Arab Emirates
In 2022, exports of molluscs; octopus (octopus spp.), live, fresh or chilleds from the United Arab Emirates dropped sharply to 1.2 tons, with a decrease of -47.4% on the year before. In general, exports, however, posted resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by 1,755% against the previous year. As a result, the exports attained the peak of 2.4 tons, and then plummeted in the following year.
In value terms, exports of molluscs; octopus (octopus spp.), live, fresh or chilleds fell sharply to $12K in 2022. Overall, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2021 when exports increased by 2,030% against the previous year. As a result, the exports attained the peak of $24K, and then dropped significantly in the following year.
| Export of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in the United Arab Emirates (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Maldives | 0.2 | 0.9 | 19.1 | 11.7 | 288.2% |
| Kuwait | 0.1 | 0.1 | 0.8 | 0.4 | 58.7% |
| Jordan | N/A | N/A | 0.4 | 0.3 | -25.0% |
| Seychelles | N/A | N/A | 0.1 | N/A | 0% |
| Egypt | 6.3 | N/A | N/A | N/A | 0% |
| Saudi Arabia | 1.4 | N/A | 3.4 | N/A | 55.8% |
| Others | 0.1 | 0.1 | 0.1 | N/A | 0.0% |
| Total | 8.1 | 1.1 | 23.8 | 12.5 | 15.6% |
Top Export Markets for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled from the United Arab Emirates in 2022:
- Maldives (1143.0 kg)
- Kuwait (47.0 kg)
- Jordan (30.0 kg)
- Seychelles (19.0 kg)
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