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

Contents:

1. Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in China (CIF) - 2023
2. Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in China (FOB) - 2022
3. Imports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in China
4. Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in China

Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in China (CIF) - 2023

In December 2023, the average import price for aquatic invertebrates; sea cucumbers, prepared or preserveds amounted to $19,850 per ton, jumping by 25% against the previous month. Overall, the import price, however, recorded a noticeable contraction. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 62% month-to-month. As a result, import price attained the peak level of $42,164 per ton. From September 2023 to December 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was the United States ($49,365 per ton), while the price for the Philippines ($10,000 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+3.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for aquatic invertebrates; sea cucumbers, prepared or preserveds stood at $97,568 per ton in 2022, dropping by -43.5% against the previous year. In general, the export price, however, posted a buoyant expansion. The most prominent rate of growth was recorded in 2019 when the average export price increased by 145%. As a result, the export price reached the peak level of $974,979 per ton. From 2020 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Malaysia ($398,258 per ton), while the average price for exports to Canada ($13,489 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 Australia (+93.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of aquatic invertebrates; sea cucumbers, prepared or preserveds imported into China surged to 3.3K tons, picking up by 55% compared with the year before. In general, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 176% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of aquatic invertebrates; sea cucumbers, prepared or preserveds soared to $115M in 2022. Overall, imports recorded a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 121%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.

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

1. Mexico (937.8 tons)
2. Indonesia (543.2 tons)
3. Canada (475.2 tons)
4. Malaysia (348.5 tons)
5. Japan (235.2 tons)
6. Philippines (197.2 tons)
7. South Korea (181.3 tons)
8. Vietnam (1.0 tons)

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

In 2022, the amount of aquatic invertebrates; sea cucumbers, prepared or preserveds exported from China skyrocketed to 130 tons, rising by 71% compared with the previous year. Overall, exports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when exports increased by 141% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of aquatic invertebrates; sea cucumbers, prepared or preserveds fell to $13M in 2022. Over the period under review, exports, however, continue to indicate a abrupt downturn. The pace of growth was the most pronounced in 2021 with an increase of 9.3%.

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

1. Canada (41.9 tons)
2. South Korea (31.8 tons)
3. Indonesia (27.0 tons)
4. Australia (9.1 tons)
5. Singapore (3.7 tons)

Source: IndexBox Market Intelligence Platform