Price for Mollusc Preparations; Octopus, Prepared or Preserved in the United Arab Emirates - 2022

Contents:

1. Price for Mollusc Preparations; Octopus, Prepared or Preserved in the United Arab Emirates (CIF) - 2022
2. Price for Mollusc Preparations; Octopus, Prepared or Preserved in the United Arab Emirates (FOB) - 2022
3. Imports of Mollusc Preparations; Octopus, Prepared or Preserved in the United Arab Emirates
4. Exports of Mollusc Preparations; Octopus, Prepared or Preserved in the United Arab Emirates

Price for Mollusc Preparations; Octopus, Prepared or Preserved in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for mollusc preparations; octopus, prepared or preserveds amounted to $19,225 per ton, rising by 14% against the previous year. Overall, the import price saw a relatively flat trend pattern. The growth pace was the most rapid in 2017 an increase of 76%. The import price peaked in 2022 and is expected to retain growth in years to come.

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 Australia ($56,748 per ton), while the price for the United States ($11,243 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (+30.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Mollusc Preparations; Octopus, Prepared or Preserved in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for mollusc preparations; octopus, prepared or preserveds amounted to $14,867 per ton, falling by -33.7% against the previous year. Over the period under review, the export price saw a abrupt decrease. The most prominent rate of growth was recorded in 2018 an increase of 61% against the previous year. The export price peaked at $41,258 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 Saudi Arabia ($72,500 per ton), while the average price for exports to Tanzania ($1,000 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 Bahrain (+37.6%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Mollusc Preparations; Octopus, Prepared or Preserved in the United Arab Emirates

In 2022, the amount of mollusc preparations; octopus, prepared or preserveds imported into the United Arab Emirates rose markedly to 48 tons, growing by 6.2% compared with 2021 figures. In general, imports continue to indicate a buoyant increase. The pace of growth was the most pronounced in 2021 with an increase of 184% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of mollusc preparations; octopus, prepared or preserveds surged to $931K in 2022. Overall, imports continue to indicate a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 222%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

Top Suppliers of Mollusc Preparations; Octopus, Prepared or Preserved to the United Arab Emirates in 2022:

1. Spain (34.3 tons)
2. China (9.1 tons)
3. Japan (1.8 tons)
4. United States (1.3 tons)
5. Italy (0.5 tons)
6. Netherlands (0.5 tons)
7. Australia (0.3 tons)
8. South Korea (0.1 tons)

Exports of Mollusc Preparations; Octopus, Prepared or Preserved in the United Arab Emirates

In 2022, shipments abroad of mollusc preparations; octopus, prepared or preserveds decreased by -88.8% to 60 kg, falling for the second year in a row after two years of growth. Overall, exports continue to indicate a sharp shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 31% against the previous year. As a result, the exports reached the peak of 639 kg. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of mollusc preparations; octopus, prepared or preserveds shrank markedly to $892 in 2022. In general, exports faced a dramatic downturn. The most prominent rate of growth was recorded in 2020 with an increase of 25% against the previous year. As a result, the exports reached the peak of $12K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

Top Export Markets for Mollusc Preparations; Octopus, Prepared or Preserved from the United Arab Emirates in 2022:

1. Qatar (28.0 kg)
2. Tanzania (13.0 kg)
3. Bahrain (6.0 kg)
4. Maldives (5.0 kg)
5. Oman (3.0 kg)
6. Saudi Arabia (2.0 kg)
7. Ethiopia (2.0 kg)

Source: IndexBox Market Intelligence Platform