Price for Mollusc Preparations; Abalone, Prepared or Preserved in Canada - 2024
Contents:
- Price for Mollusc Preparations; Abalone, Prepared or Preserved in Canada (CIF) - 2024
- Imports of Mollusc Preparations; Abalone, Prepared or Preserved in Canada
Price for Mollusc Preparations; Abalone, Prepared or Preserved in Canada (CIF) - 2024
In September 2023, the average import price for mollusc preparations; abalone, prepared or preserveds amounted to $23,023 per ton, surging by 213% against the previous month. Overall, the import price continues to indicate a tangible increase. The growth pace was the most rapid in June 2023 an increase of 271% m-o-m. As a result, import price attained the peak level of $59,144 per ton. From July 2023 to September 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Hong Kong SAR ($69,678 per ton), while the price for China stood at $22,382 per ton.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by China (+6.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Mollusc Preparations; Abalone, Prepared or Preserved in Canada
After three years of growth, purchases abroad of mollusc preparations; abalone, prepared or preserveds decreased by -23.7% to 275 tons in 2022. Overall, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 151% against the previous year. As a result, imports reached the peak of 360 tons, and then shrank markedly in the following year.
In value terms, imports of mollusc preparations; abalone, prepared or preserveds fell to $4.9M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +15.8% 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 +56.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. As a result, imports attained the peak of $5.2M, and then fell in the following year.
| Import of Mollusc Preparations; Abalone, Prepared or Preserved in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 638 | 1,238 | 2,687 | 2,894 | 65.5% |
| Chile | 710 | 770 | 812 | 666 | -2.1% |
| Taiwan (Chinese) | 76.1 | 334 | 308 | 487 | 85.7% |
| Australia | 813 | 403 | 480 | 309 | -27.6% |
| Hong Kong SAR | 265 | 244 | 342 | 203 | -8.5% |
| South Africa | 339 | 118 | 411 | 190 | -17.6% |
| South Korea | 325 | 24.4 | 127 | 151 | -22.5% |
| Others | 1.8 | 5.3 | 2.2 | 17.6 | 113.8% |
| Total | 3,169 | 3,137 | 5,169 | 4,917 | 15.8% |
Top Suppliers of Mollusc Preparations; Abalone, Prepared or Preserved to Canada in 2022:
- China (208.5 tons)
- Chile (21.2 tons)
- Hong Kong SAR (18.9 tons)
- Taiwan (Chinese) (12.1 tons)
- South Korea (5.7 tons)
- Australia (4.5 tons)
- South Africa (3.4 tons)
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