Price for Mollusc Preparations; Octopus, Prepared or Preserved in Italy - 2023
Contents:
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in Italy (FOB) - 2023
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in Italy (CIF) - 2023
- Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Italy
- Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Italy
Price for Mollusc Preparations; Octopus, Prepared or Preserved in Italy (FOB) - 2023
In September 2023, the average export price for mollusc preparations; octopus, prepared or preserveds amounted to $19,907 per ton, shrinking by -2.9% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in April 2023 an increase of 7.1% against the previous month. The export price peaked at $20,612 per ton in June 2023; however, from July 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was the Dominican Republic ($35,066 per ton), while the average price for exports to the UK ($12,333 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 the United States (+2.6%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Mollusc Preparations; Octopus, Prepared or Preserved in Italy (CIF) - 2023
In September 2023, the average import price for mollusc preparations; octopus, prepared or preserveds amounted to $13,497 per ton, reducing by -31.1% against the previous month. Over the period under review, the import price showed a slight setback. The pace of growth appeared the most rapid in March 2023 an increase of 49% m-o-m. Over the period under review, average import prices attained the peak figure at $19,594 per ton in August 2023, and then reduced remarkably in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Indonesia ($13,236 per ton), while the price for China amounted to $4,712 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Portugal (+2.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Italy
In 2022, shipments abroad of mollusc preparations; octopus, prepared or preserveds decreased by -0.8% to 1.1K tons for the first time since 2018, thus ending a three-year rising trend. Overall, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +10.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +34.9% against 2019 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of 1.1K tons, leveling off in the following year.
In value terms, exports of mollusc preparations; octopus, prepared or preserveds declined to $19M in 2022. In general, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +13.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +46.5% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 46% against the previous year. As a result, the exports attained the peak of $19M, leveling off in the following year.
| Export of Mollusc Preparations; Octopus, Prepared or Preserved in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 5.1 | 4.9 | 7.3 | 6.9 | 10.6% |
| Germany | 2.2 | 2.9 | 4.0 | 3.3 | 14.5% |
| Belgium | 0.8 | 1.0 | 1.9 | 2.0 | 35.7% |
| Switzerland | 0.7 | 0.7 | 1.1 | 1.9 | 39.5% |
| United States | 0.8 | 0.9 | 1.1 | 1.1 | 11.2% |
| Austria | 0.4 | 0.4 | 0.6 | 0.7 | 20.5% |
| United Kingdom | 1.6 | 0.8 | 0.8 | 0.3 | -42.8% |
| Others | 1.2 | 1.4 | 2.3 | 2.6 | 29.4% |
| Total | 12.9 | 13.0 | 19.0 | 18.9 | 13.6% |
Top Export Markets for Mollusc Preparations; Octopus, Prepared or Preserved from Italy in 2022:
- France (395.6 tons)
- Germany (204.4 tons)
- Belgium (111.2 tons)
- Switzerland (80.3 tons)
- United States (77.9 tons)
- Austria (34.6 tons)
- United Kingdom (21.7 tons)
Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Italy
Imports of mollusc preparations; octopus, prepared or preserveds into Italy fell to 1.2K tons in 2022, with a decrease of -7.8% on 2021. In general, total imports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +14.8% 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 +62.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 76% against the previous year. As a result, imports reached the peak of 1.3K tons, and then contracted in the following year.
In value terms, imports of mollusc preparations; octopus, prepared or preserveds rose modestly to $17M in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 118% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in years to come.
| Import of Mollusc Preparations; Octopus, Prepared or Preserved in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 5.4 | 3.6 | 7.7 | 11.1 | 27.1% |
| Indonesia | 3.1 | 3.0 | 5.3 | 3.6 | 5.1% |
| China | 0.3 | 0.5 | 0.4 | 1.0 | 49.4% |
| France | 0.1 | N/A | 0.4 | 0.3 | 44.2% |
| Vietnam | 0.2 | 0.1 | N/A | 0.2 | 0.0% |
| Portugal | N/A | N/A | 0.6 | 0.1 | -83.3% |
| Others | 0.1 | 0.2 | 1.7 | 0.4 | 58.7% |
| Total | 9.3 | 7.4 | 16.2 | 16.6 | 21.3% |
Top Suppliers of Mollusc Preparations; Octopus, Prepared or Preserved to Italy in 2022:
- Spain (614.4 tons)
- Indonesia (292.6 tons)
- China (187.0 tons)
- France (30.3 tons)
- Vietnam (18.7 tons)
- Portugal (5.2 tons)
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