Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Thailand - 2024
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Thailand (FOB) - 2024
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Thailand (CIF) - 2024
- Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Thailand
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Thailand
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Thailand (FOB) - 2024
The average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $10,808 per ton in September 2023, rising by 13% against the previous month. Over the last seven months, it increased at an average monthly rate of +3.1%. The pace of growth was the most pronounced in June 2023 an increase of 18% against the previous month. Over the period under review, the average export prices hit record highs in September 2023.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($23,625 per ton), while the average price for exports to Italy ($4,840 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Thailand (CIF) - 2024
The average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $1,028 per ton in September 2023, flattening at the previous month. Over the period from February 2023 to September 2023, it increased at an average monthly rate of +3.0%. The growth pace was the most rapid in July 2023 when the average import price increased by 16% month-to-month. Over the period under review, average import prices reached the maximum at $1,034 per ton in August 2023, and then reduced modestly in the following month.
As there is only one major supplying country, the average price level is determined by prices for China.
From February 2023 to September 2023, the rate of growth in terms of prices for China amounted to +3.2% per month.
Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Thailand
In 2022, the amount of mollusc preparations; cuttle fish and squid, prepared or preserveds exported from Thailand fell modestly to 6.4K tons, waning by -4.3% on the previous year's figure. Overall, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 4.6% against the previous year.
In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds reduced slightly to $59M in 2022. The total export value increased at an average annual rate of +1.7% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 8.7% against the previous year. As a result, the exports attained the peak of $60M, and then reduced in the following year.
| Export of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 8.8 | 12.2 | 18.0 | 16.4 | 23.1% |
| Japan | 17.1 | 16.3 | 16.8 | 14.7 | -4.9% |
| Italy | 6.2 | 5.4 | 4.9 | 5.4 | -4.5% |
| Cambodia | 3.9 | 2.6 | 2.1 | 3.5 | -3.5% |
| Hong Kong SAR | 2.8 | 3.0 | 3.6 | 3.3 | 5.6% |
| Australia | 2.7 | 2.8 | 2.5 | 3.0 | 3.6% |
| Canada | 1.4 | 1.5 | 2.5 | 2.1 | 14.5% |
| Singapore | 2.1 | 1.4 | 1.3 | 1.7 | -6.8% |
| Taiwan (Chinese) | 1.6 | 1.3 | 1.2 | 1.4 | -4.4% |
| United Kingdom | 0.7 | 0.6 | 0.8 | 0.7 | 0.0% |
| New Zealand | 1.0 | 0.9 | 0.3 | 0.5 | -20.6% |
| Others | 7.6 | 7.5 | 6.5 | 5.8 | -8.6% |
| Total | 55.8 | 55.5 | 60.4 | 58.7 | 1.7% |
Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from Thailand in 2022:
- United States (2005.9 tons)
- Japan (1167.1 tons)
- Italy (868.4 tons)
- Australia (353.9 tons)
- Cambodia (303.5 tons)
- Taiwan (Chinese) (276.2 tons)
- Hong Kong SAR (258.2 tons)
- Canada (232.6 tons)
- Singapore (189.0 tons)
- United Kingdom (123.6 tons)
- New Zealand (73.1 tons)
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Thailand
For the fourth year in a row, Thailand recorded growth in purchases abroad of mollusc preparations; cuttle fish and squid, prepared or preserveds, which increased by 31% to 26K tons in 2022. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 165%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in years to come.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds rose sharply to $31M in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +18.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +67.6% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 46%. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.6 | 18.5 | 27.5 | 29.6 | 18.9% |
| Others | 1.0 | 0.8 | 0.8 | 1.6 | 17.0% |
| Total | 18.6 | 19.4 | 28.3 | 31.2 | 18.8% |
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Thailand in 2022:
- China (25.9K tons)
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