Price for Mollusc Preparations; Octopus, Prepared or Preserved in Kuwait - 2022
Contents:
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in Kuwait (CIF) - 2022
- Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Kuwait
Price for Mollusc Preparations; Octopus, Prepared or Preserved in Kuwait (CIF) - 2022
The average import price for mollusc preparations; octopus, prepared or preserveds stood at $15,262 per ton in 2022, with an increase of 19% against the previous year. In general, import price indicated a notable increase from 2012 to 2022: its price increased at an average annual rate of +2.8% 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 mollusc preparations; octopus, prepared or preserveds increased by +54.9% against 2018 indices. The pace of growth appeared the most rapid in 2017 when the average import price increased by 50% against the previous year. As a result, import price attained the peak level of $16,473 per ton. From 2018 to 2022, the average import prices remained 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 Italy ($38,268 per ton), while the price for South Korea ($4,532 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Kuwait
In 2022, supplies from abroad of mollusc preparations; octopus, prepared or preserveds decreased by -5.2% to 970 kg, falling for the second consecutive year after two years of growth. In general, imports saw a mild decrease. The pace of growth was the most pronounced in 2020 with an increase of 25% against the previous year. As a result, imports attained the peak of 1.3 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of mollusc preparations; octopus, prepared or preserveds rose notably to $15K 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 +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -17.6% against 2020 indices. The pace of growth was the most pronounced in 2020 with an increase of 52%. As a result, imports attained the peak of $18K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.
| Import of Mollusc Preparations; Octopus, Prepared or Preserved in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 3.6 | 3.9 | 1.5 | 5.1 | 12.3% |
| China | 0.8 | 7.8 | 5.7 | 4.6 | 79.2% |
| Japan | 0.8 | 3.0 | 2.4 | 1.7 | 28.6% |
| Italy | 3.0 | 1.1 | 1.0 | 1.6 | -18.9% |
| Vietnam | 1.9 | 1.9 | 1.2 | 1.3 | -11.9% |
| South Korea | 0.3 | 0.2 | 1.4 | 0.5 | 18.6% |
| United Arab Emirates | 1.5 | N/A | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 11.8 | 18.0 | 13.1 | 14.8 | 7.8% |
Top Suppliers of Mollusc Preparations; Octopus, Prepared or Preserved to Kuwait in 2022:
- Spain (263.0 kg)
- China (249.0 kg)
- Vietnam (219.0 kg)
- South Korea (109.0 kg)
- Japan (89.0 kg)
- Italy (41.0 kg)
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