Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Canada - 2024

Contents:

1. Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Canada (CIF) - 2022
2. Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Canada (FOB) - 2022
3. Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Canada
4. Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Canada

Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Canada (CIF) - 2022

The average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $13,382 per ton in 2022, growing by 15% against the previous year. In general, import price indicated a prominent increase from 2012 to 2022: its price increased at an average annual rate of +5.4% 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 molluscs; octopus (octopus spp.), frozen, dried, salted or in brine increased by +50.1% against 2019 indices. The pace of growth was the most pronounced in 2016 when the average import price increased by 30%. The import price peaked in 2022 and is expected to retain growth in years to come.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($20,391 per ton), while the price for Vietnam ($7,166 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+10.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Canada (FOB) - 2022

In 2022, the average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine amounted to $12,060 per ton, approximately reflecting the previous year. In general, the export price, however, showed modest growth. The growth pace was the most rapid in 2021 when the average export price increased by 9%. As a result, the export price reached the peak level of $12,223 per ton, and then declined in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was South Korea ($16,310 per ton), while the average price for exports to Jamaica ($807 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 Morocco (+14.3%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Canada

Imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine into Canada reached 415 tons in 2022, with an increase of 2.7% against 2021 figures. Overall, imports, however, showed a abrupt downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 20%.

In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine skyrocketed to $5.6M in 2022. In general, total imports indicated a perceptible expansion from 2019 to 2022: its value increased at an average annual rate of +4.0% 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 +82.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 55%. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine to Canada in 2022:

1. Morocco (266.8 tons)
2. Vietnam (33.0 tons)
3. Spain (32.4 tons)
4. China (30.2 tons)
5. Japan (20.3 tons)
6. South Korea (13.3 tons)
7. Hong Kong SAR (9.1 tons)
8. Thailand (2.9 tons)
9. Portugal (1.6 tons)
10. India (0.2 tons)

Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Canada

In 2022, after two years of growth, there was significant decline in overseas shipments of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine, when their volume decreased by -40.5% to 3.3 tons. Over the period under review, exports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 424% against the previous year. As a result, the exports reached the peak of 5.5 tons, and then plummeted in the following year.

In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine reduced sharply to $39K in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 472%. As a result, the exports attained the peak of $67K, and then reduced notably in the following year.

Top Export Markets for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine from Canada in 2022:

1. Morocco (1467.0 kg)
2. United States (1023.0 kg)
3. Jamaica (424.0 kg)
4. Japan (228.0 kg)
5. South Korea (100.0 kg)

Source: IndexBox Market Intelligence Platform