Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Hong Kong SAR - 2023

Contents:

  1. Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Hong Kong SAR (CIF) - 2022
  2. Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Hong Kong SAR (FOB) - 2022
  3. Imports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Hong Kong SAR
  4. Exports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Hong Kong SAR

Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Hong Kong SAR (CIF) - 2022

In 2022, the average import price for molluscs; octopus (octopus spp.), live, fresh or chilleds amounted to $27,825 per ton, jumping by 20% against the previous year. In general, the import price, however, continues to indicate a slight shrinkage. The most prominent rate of growth was recorded in 2018 an increase of 50%. The import price peaked at $31,971 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($33,292 per ton), while the price for the Netherlands ($21,439 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (-5.5%), while the prices for the other major suppliers experienced a decline.

Price for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Hong Kong SAR (FOB) - 2022

In 2022, the average export price for molluscs; octopus (octopus spp.), live, fresh or chilleds amounted to $16,050 per ton, remaining relatively unchanged against the previous year. Overall, the export price saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average export price increased by 53%. Over the period under review, the average export prices attained the peak figure at $28,000 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for Malaysia.

From 2012 to 2022, the rate of growth in terms of prices for Singapore amounted to +20.6% per year.

Imports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Hong Kong SAR

In 2022, purchases abroad of molluscs; octopus (octopus spp.), live, fresh or chilleds decreased by -35.6% to 4.3 tons for the first time since 2018, thus ending a three-year rising trend. In general, total imports indicated tangible growth from 2019 to 2022: its volume increased at an average annual rate of +2.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 45% against the previous year.

In value terms, imports of molluscs; octopus (octopus spp.), live, fresh or chilleds contracted significantly to $120K in 2022. Overall, total imports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +8.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 when imports increased by 45%.

Import of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Japan39.870.491.910538.2%
Netherlands26.621.814.610.4-26.9%
France1.65.81.44.844.2%
Spain11.413.616.2N/A19.2%
South Korea6.34.310.6N/A29.7%
Thailand2.95.85.7N/A40.2%
Sri LankaN/AN/A1.8N/A0%
China1.42.2N/AN/A57.1%
IndonesiaN/AN/A3.9N/A0%
Tanzania0.20.20.1N/A-29.3%
Others3.310.99.0N/A65.1%
Total93.41351551208.7%

Top Suppliers of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled to Hong Kong SAR in 2022:

  1. Japan (3.7 tons)
  2. Netherlands (0.5 tons)
  3. France (0.1 tons)

Exports of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Hong Kong SAR

In 2022, shipments abroad of molluscs; octopus (octopus spp.), live, fresh or chilleds decreased by -8.2% to 301 kg for the first time since 2018, thus ending a three-year rising trend. The total export volume increased at an average annual rate of +9.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2020 with an increase of 20% against the previous year.

In value terms, exports of molluscs; octopus (octopus spp.), live, fresh or chilleds declined to $4.8K in 2022. The total export value increased at an average annual rate of +9.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 when exports increased by 20%.

Export of Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled in Hong Kong SAR (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Malaysia3.74.45.34.89.1%
OthersN/AN/AN/AN/A0%
Total3.74.45.34.89.1%

Top Export Markets for Molluscs; Octopus (Octopus Spp.), Live, Fresh or Chilled from Hong Kong SAR in 2022:

  1. Malaysia (301.0 kg)

Source: IndexBox Market Intelligence Platform

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Free Data: Molluscs; octopus (octopus spp.), live, fresh or chilled - Hong Kong SAR