Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Australia - 2024
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Australia (CIF) - 2024
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Australia (FOB) - 2022
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Australia
- Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Australia
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Australia (CIF) - 2024
In September 2023, the average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $5,637 per ton, increasing by 4.4% against the previous month. In general, the import price, however, saw a relatively flat trend pattern. The import price peaked at $6,055 per ton in January 2023; however, from February 2023 to September 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Thailand ($11,006 per ton), while the price for Vietnam ($4,148 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Thailand (+4.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Australia (FOB) - 2022
In 2022, the average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $3,346 per ton, dropping by -9.2% against the previous year. In general, the export price continues to indicate a abrupt decline. The most prominent rate of growth was recorded in 2021 an increase of 43%. Over the period under review, the average export prices hit record highs at $9,247 per ton in 2012; however, from 2013 to 2022, the 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 Malaysia amounted to +2.7% per year.
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Australia
In 2022, approx. 6.9K tons of mollusc preparations; cuttle fish and squid, prepared or preserveds were imported into Australia; increasing by 28% on the previous year. Overall, total imports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +11.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds surged to $40M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +61.0% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 17.0 | 15.4 | 19.0 | 27.5 | 17.4% |
| Malaysia | 7.4 | 5.8 | 6.6 | 7.4 | 0.0% |
| Taiwan (Chinese) | 1.4 | 1.1 | 1.6 | 1.5 | 2.3% |
| Thailand | 1.2 | 1.1 | 1.7 | 1.4 | 5.3% |
| Others | 1.2 | 1.6 | 2.3 | 2.6 | 29.4% |
| Total | 28.2 | 25.1 | 31.2 | 40.4 | 12.7% |
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Australia in 2022:
- China (5.0K tons)
- Malaysia (1.4K tons)
- Thailand (0.1K tons)
- Taiwan (Chinese) (0.1K tons)
Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Australia
In 2022, after two years of growth, there was significant decline in overseas shipments of mollusc preparations; cuttle fish and squid, prepared or preserveds, when their volume decreased by -51.4% to 29 tons. In general, exports, however, showed a significant increase. The pace of growth appeared the most rapid in 2021 with an increase of 2,674%. As a result, the exports reached the peak of 60 tons, and then declined significantly in the following year.
In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds declined dramatically to $97K in 2022. Over the period under review, exports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 3,861% against the previous year. As a result, the exports reached the peak of $221K, and then dropped dramatically in the following year.
| Export of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| New Zealand | 5.6 | 81.7 | 97.4 | 317.0% | |
| Singapore | N/A | 43.0 | N/A | 0% | |
| Malaysia | N/A | 94.5 | N/A | 0% | |
| Others | N/A | 1.6 | N/A | 0% | |
| Total | 5.6 | 221 | 97.4 | 317.0% | |
Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from Australia in 2022:
- New Zealand (29.1 tons)
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