Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in South Africa - 2024
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in South Africa (CIF) - 2022
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in South Africa (FOB) - 2022
- Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in South Africa
- Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in South Africa
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in South Africa (CIF) - 2022
In 2022, the average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine amounted to $3,945 per ton, increasing by 13% against the previous year. Over the period under review, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +2.4% 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 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 33%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see steady growth in the near future.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($5,640 per ton), while the price for Belize ($2,529 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Indonesia (+8.4%), 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 South Africa (FOB) - 2022
In 2022, the average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine amounted to $6,990 per ton, picking up by 51% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +4.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine increased by +74.9% against 2020 indices. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Nigeria ($13,303 per ton), while the average price for exports to Namibia ($3,464 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 Japan (+18.2%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in South Africa
In 2022, overseas purchases of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine decreased by -18.4% to 46 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a slight contraction. The most prominent rate of growth was recorded in 2020 with an increase of 191%. As a result, imports attained the peak of 138 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine shrank to $180K in 2022. In general, imports, however, recorded buoyant growth. The pace of growth appeared the most rapid in 2020 when imports increased by 167% against the previous year. As a result, imports reached the peak of $362K. From 2021 to 2022, the growth of imports of failed to regain momentum.
| Import of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 30.9 | 210 | 81.5 | 126 | 59.8% |
| Belize | 31.9 | 16.3 | 49.3 | 32.3 | 0.4% |
| Indonesia | 27.0 | N/A | 7.1 | 21.1 | -7.9% |
| Spain | N/A | 100 | N/A | N/A | 0% |
| United States | N/A | N/A | 55.4 | N/A | 0% |
| India | 17.2 | 30.4 | N/A | N/A | 76.7% |
| Others | 28.9 | 4.6 | 2.3 | N/A | -71.8% |
| Total | 136 | 362 | 196 | 180 | 9.8% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine to South Africa in 2022:
- China (29.0 tons)
- Belize (12.8 tons)
- Indonesia (3.7 tons)
Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in South Africa
In 2022, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine from South Africa shrank remarkably to 7.2 tons, waning by -73.7% against the previous year's figure. In general, exports continue to indicate a dramatic descent. The most prominent rate of growth was recorded in 2021 when exports increased by 864%.
In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine fell sharply to $51K in 2022. Overall, exports faced a significant decrease. The pace of growth appeared the most rapid in 2021 when exports increased by 1,016%. As a result, the exports reached the peak of $127K, and then contracted markedly in the following year.
| Export of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in South Africa (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 35.8 | N/A | 78.5 | 38.1 | 2.1% |
| Botswana | 2.4 | 9.2 | 6.9 | 4.7 | 25.1% |
| Namibia | 6.8 | N/A | 0.5 | 2.2 | -31.4% |
| Nigeria | 0.1 | N/A | 2.9 | 1.9 | 166.8% |
| Mozambique | 1.4 | 1.3 | 1.7 | 1.6 | 4.6% |
| Swaziland | 0.5 | 0.7 | 0.3 | 1.3 | 37.5% |
| Portugal | 79.2 | N/A | 28.3 | 0.7 | -79.3% |
| Others | 0.5 | 0.2 | 8.1 | N/A | 302.5% |
| Total | 127 | 11.4 | 127 | 50.6 | -26.4% |
Top Export Markets for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine from South Africa in 2022:
- Australia (5082.0 kg)
- Botswana (743.0 kg)
- Namibia (649.0 kg)
- Swaziland (232.0 kg)
- Mozambique (216.0 kg)
- Nigeria (142.0 kg)
- Portugal (136.0 kg)
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