Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Portugal - 2023
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Portugal (CIF) - 2023
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Portugal (FOB) - 2023
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Portugal
- Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Portugal
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Portugal (CIF) - 2023
The average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $4,559 per ton in September 2023, declining by -5.5% against the previous month. Over the period under review, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 an increase of 26% against the previous month. As a result, import price reached the peak level of $5,877 per ton. From July 2023 to September 2023, the average 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 December 2022 to September 2023, the rate of growth in terms of prices for Spain amounted to -0.4% per month.
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Portugal (FOB) - 2023
In September 2023, the average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $10,381 per ton, growing by 34% against the previous month. Over the last nine months, it increased at an average monthly rate of +1.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by the country of destination: the country with the highest price was the United States ($24,249 per ton), while the average price for exports to Luxembourg ($3,464 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+67.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Portugal
In 2022, the amount of mollusc preparations; cuttle fish and squid, prepared or preserveds imported into Portugal fell to 1.4K tons, which is down by -12.2% against the year before. Overall, imports showed a pronounced contraction. The growth pace was the most rapid in 2021 with an increase of 9.4% against the previous year. As a result, imports attained the peak of 1.6K tons, and then fell in the following year.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds declined remarkably to $6.2M in 2022. In general, imports showed a pronounced decrease. The growth pace was the most rapid in 2021 with an increase of 6.7% against the previous year. As a result, imports reached the peak of $7.6M, and then fell notably in the following year.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Portugal (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 6.4 | 7.0 | 7.3 | 6.1 | -1.6% |
| Others | 0.4 | 0.1 | 0.3 | 0.1 | -37.0% |
| Total | 6.8 | 7.1 | 7.6 | 6.2 | -3.0% |
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Portugal in 2022:
- Spain (1386.7 tons)
Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Portugal
Exports of mollusc preparations; cuttle fish and squid, prepared or preserveds from Portugal dropped markedly to 229 tons in 2022, declining by -46% on 2021. Overall, exports continue to indicate a abrupt setback. The pace of growth was the most pronounced in 2021 when exports increased by 87% against the previous year. As a result, the exports reached the peak of 423 tons, and then declined rapidly in the following year.
In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds shrank markedly to $1.8M in 2022. In general, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 with an increase of 88% against the previous year. As a result, the exports attained the peak of $3.6M, and then shrank rapidly in the following year.
| Export of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Portugal (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 493 | 390 | 710 | 552 | 3.8% |
| Switzerland | 395 | 302 | 336 | 205 | -19.6% |
| United States | 80.0 | 377 | 1,850 | 169 | 28.3% |
| Italy | 27.9 | 16.9 | 55.1 | 144 | 72.8% |
| United Kingdom | 49.0 | 51.3 | 123 | 137 | 40.9% |
| Luxembourg | 83.4 | 123 | 115 | 85.7 | 0.9% |
| Canada | 52.3 | 165 | 63.5 | 77.7 | 14.1% |
| Spain | 720 | 320 | 62.2 | 76.9 | -52.6% |
| Germany | 89.2 | 47.8 | 89.1 | 67.1 | -9.1% |
| Bosnia and Herzegovina | 14.2 | N/A | 12.6 | 32.6 | 31.9% |
| Cyprus | 27.1 | 14.7 | 12.7 | 27.5 | 0.5% |
| Belgium | 15.6 | 18.3 | 19.4 | 24.2 | 15.8% |
| Montenegro | N/A | N/A | 4.2 | 19.5 | 364.3% |
| Others | 121 | 109 | 195 | 141 | 5.2% |
| Total | 2,168 | 1,935 | 3,648 | 1,759 | -6.7% |
Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from Portugal in 2022:
- France (72.1 tons)
- Switzerland (28.9 tons)
- United Kingdom (25.8 tons)
- Italy (17.6 tons)
- Luxembourg (10.7 tons)
- United States (10.5 tons)
- Spain (9.8 tons)
- Canada (7.6 tons)
- Germany (7.6 tons)
- Montenegro (7.4 tons)
- Bosnia and Herzegovina (6.5 tons)
- Belgium (4.2 tons)
- Cyprus (4.2 tons)
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