Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Australia - 2023

Contents:

1. Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Australia (CIF) - 2022
2. Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Australia (FOB) - 2022
3. Imports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Australia
4. Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Australia

Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Australia (CIF) - 2022

In 2022, the average import price for aquatic invertebrates; sea cucumbers, prepared or preserveds amounted to $73,051 per ton, shrinking by -10.9% against the previous year. In general, the import price, however, saw resilient growth. The pace of growth appeared the most rapid in 2014 an increase of 102%. The import price peaked at $116,223 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Canada ($85,877 per ton), while the price for Greece ($39,686 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Australia (FOB) - 2022

In 2022, the average export price for aquatic invertebrates; sea cucumbers, prepared or preserveds amounted to $91,711 per ton, which is down by -10.3% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% 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 aquatic invertebrates; sea cucumbers, prepared or preserveds decreased by -41.8% against 2018 indices. The growth pace was the most rapid in 2018 when the average export price increased by 52% against the previous year. As a result, the export price reached the peak level of $157,540 per ton. From 2019 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Hong Kong SAR amounted to +12.4% per year.

Imports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Australia

In 2022, after three years of growth, there was significant decline in overseas purchases of aquatic invertebrates; sea cucumbers, prepared or preserveds, when their volume decreased by -56.6% to 5.5 tons. In general, imports, however, continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 258% against the previous year. As a result, imports reached the peak of 13 tons, and then shrank notably in the following year.

In value terms, imports of aquatic invertebrates; sea cucumbers, prepared or preserveds plummeted to $401K in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 360%. As a result, imports reached the peak of $1M, and then dropped notably in the following year.

Top Suppliers of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved to Australia in 2022:

1. Canada (2972.0 kg)
2. Taiwan (Chinese) (960.0 kg)
3. Malaysia (510.0 kg)
4. Hong Kong SAR (377.0 kg)
5. Greece (354.0 kg)
6. Solomon Islands (322.0 kg)

Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Australia

In 2022, overseas shipments of aquatic invertebrates; sea cucumbers, prepared or preserveds were finally on the rise to reach 547 kg after two years of decline. Overall, exports recorded significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of aquatic invertebrates; sea cucumbers, prepared or preserveds soared to $50K in 2022. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved from Australia in 2022:

1. New Zealand (547.0 kg)

Source: IndexBox Market Intelligence Platform