Price for Mollusc Preparations; Abalone, Prepared or Preserved in Australia - 2024
Contents:
- Price for Mollusc Preparations; Abalone, Prepared or Preserved in Australia (FOB) - 2024
- Price for Mollusc Preparations; Abalone, Prepared or Preserved in Australia (CIF) - 2022
- Exports of Mollusc Preparations; Abalone, Prepared or Preserved in Australia
- Imports of Mollusc Preparations; Abalone, Prepared or Preserved in Australia
Price for Mollusc Preparations; Abalone, Prepared or Preserved in Australia (FOB) - 2024
The average export price for mollusc preparations; abalone, prepared or preserveds stood at $44,895 per ton in September 2023, dropping by -10.3% against the previous month. Overall, the export price showed a perceptible reduction. The pace of growth appeared the most rapid in February 2023 when the average export price increased by 38% m-o-m. As a result, the export price attained the peak level of $90,648 per ton. From March 2023 to September 2023, the the average export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($167K per ton), while the average price for exports to Canada ($34,651 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+6.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Mollusc Preparations; Abalone, Prepared or Preserved in Australia (CIF) - 2022
In 2022, the average import price for mollusc preparations; abalone, prepared or preserveds amounted to $25,305 per ton, rising by 31% against the previous year. In general, the import price, however, showed a perceptible decrease. The pace of growth appeared the most rapid in 2014 when the average import price increased by 133% against the previous year. The import price peaked at $45,159 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
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 Chile ($36,913 per ton), while the price for Malaysia ($12,998 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+189.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Mollusc Preparations; Abalone, Prepared or Preserved in Australia
In 2022, the amount of mollusc preparations; abalone, prepared or preserveds exported from Australia dropped to 345 tons, with a decrease of -7.1% on 2021. Over the period under review, exports faced a abrupt setback. The growth pace was the most rapid in 2021 when exports increased by 27%.
In value terms, exports of mollusc preparations; abalone, prepared or preserveds declined to $17M in 2022. In general, exports recorded a abrupt decline. The growth pace was the most rapid in 2021 with an increase of 20% against the previous year.
| Export of Mollusc Preparations; Abalone, Prepared or Preserved in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 11.0 | 7.4 | 8.9 | 9.2 | -5.8% |
| Hong Kong SAR | 13.3 | 4.2 | 5.2 | 2.9 | -39.8% |
| Japan | 1.6 | 0.4 | 1.1 | 1.5 | -2.1% |
| China | 1.4 | 1.2 | 1.9 | 1.4 | 0.0% |
| Taiwan (Chinese) | 0.7 | 0.5 | 0.2 | 0.8 | 4.6% |
| Canada | 0.4 | 0.3 | 0.3 | 0.5 | 7.7% |
| United States | 2.8 | 1.3 | 1.0 | 0.4 | -47.7% |
| Others | 0.5 | 0.4 | 0.5 | 0.3 | -15.7% |
| Total | 31.7 | 15.9 | 19.1 | 17.1 | -18.6% |
Top Export Markets for Mollusc Preparations; Abalone, Prepared or Preserved from Australia in 2022:
- Singapore (207.8 tons)
- Hong Kong SAR (53.1 tons)
- Japan (26.0 tons)
- China (21.3 tons)
- Taiwan (Chinese) (15.1 tons)
- Canada (8.3 tons)
- United States (7.2 tons)
Imports of Mollusc Preparations; Abalone, Prepared or Preserved in Australia
In 2022, overseas purchases of mollusc preparations; abalone, prepared or preserveds were finally on the rise to reach 14 tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt curtailment.
In value terms, imports of mollusc preparations; abalone, prepared or preserveds surged to $358K in 2022. Over the period under review, imports, however, continue to indicate a dramatic shrinkage.
| Import of Mollusc Preparations; Abalone, Prepared or Preserved in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 55.8 | 49.3 | 40.9 | 283 | 71.8% |
| Hong Kong SAR | 662 | 19.6 | N/A | 45.0 | -59.2% |
| South Korea | 1.4 | N/A | 13.5 | 15.7 | 123.8% |
| Chile | N/A | N/A | 4.2 | 9.3 | 121.4% |
| Malaysia | N/A | N/A | N/A | 5.6 | 0% |
| Others | 2.0 | 29.9 | N/A | N/A | 1395.0% |
| Total | 721 | 98.8 | 58.6 | 358 | -20.8% |
Top Suppliers of Mollusc Preparations; Abalone, Prepared or Preserved to Australia in 2022:
- China (10.8 tons)
- Hong Kong SAR (2.1 tons)
- South Korea (0.6 tons)
- Malaysia (0.4 tons)
- Chile (0.3 tons)
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