Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in China - 2023
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in China (FOB) - 2023
- Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in China (CIF) - 2022
- Exports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in China
- Imports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in China
Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in China (FOB) - 2023
In December 2023, the average export price for molluscs; octopus (octopus spp.), live, fresh or chilleds amounted to $13,300 per ton, jumping by 28% against the previous month. Over the period under review, the export price saw a slight expansion. The pace of growth appeared the most rapid in July 2023 when the average export price increased by 53% month-to-month. Over the period under review, the average export prices reached the maximum at $28,110 per ton in August 2023; however, from September 2023 to December 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From December 2022 to December 2023, the rate of growth in terms of prices for South Korea amounted to +1.8% per month.
Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in China (CIF) - 2022
In 2022, the average import price for molluscs; octopus (octopus spp.), live, fresh or chilleds amounted to $33,600 per ton, stabilizing at the previous year. In general, the import price saw perceptible growth. The pace of growth appeared the most rapid in 2019 an increase of 337% against the previous year. Over the period under review, average import prices reached the peak figure at $47,991 per ton in 2013; however, from 2014 to 2022, import prices stood at a somewhat 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 Indonesia ($39,745 per ton), while the price for the Philippines totaled $23,286 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Myanmar (+205.5%), 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 China
In 2022, shipments abroad of molluscs; octopus (octopus spp.), live, fresh or chilleds decreased by -5.1% to 8.1K tons, falling for the second consecutive year after two years of growth. In general, exports recorded a slight setback. The pace of growth appeared the most rapid in 2020 with an increase of 9.8% against the previous year. As a result, the exports attained the peak of 9.4K tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.
In value terms, exports of molluscs; octopus (octopus spp.), live, fresh or chilleds declined modestly to $117M in 2022. The total export value increased at an average annual rate of +1.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The growth pace was the most rapid in 2021 with an increase of 4% against the previous year. As a result, the exports attained the peak of $119M, and then contracted in the following year.
| Export of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 113 | 115 | 119 | 117 | 1.2% |
| Others | N/A | N/A | 0.4 | 0.2 | -50.0% |
| Total | 113 | 115 | 119 | 117 | 1.2% |
Top Export Markets for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled from China in 2022:
- South Korea (8.1K tons)
Imports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in China
In 2022, overseas purchases of molluscs; octopus (octopus spp.), live, fresh or chilleds decreased by 0% to 75 kg, falling for the second year in a row after two years of growth. Over the period under review, imports faced a sharp descent. The most prominent rate of growth was recorded in 2020 when imports increased by 5.5%. As a result, imports attained the peak of 248 kg. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of molluscs; octopus (octopus spp.), live, fresh or chilleds stood at $2.5K in 2022. Overall, imports showed a significant curtailment. The smallest decline of -30.2% was in 2020.
| Import of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in China (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | N/A | N/A | N/A | 1.9 | 0% |
| Philippines | N/A | N/A | N/A | 0.7 | 0% |
| South Korea | 2.6 | 1.9 | N/A | N/A | -26.9% |
| Japan | 0.4 | 3.2 | N/A | N/A | 700.0% |
| Myanmar | 4.2 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 7.2 | 5.0 | N/A | 2.5 | -29.7% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled to China in 2022:
- Indonesia (47.0 kg)
- Philippines (28.0 kg)
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