Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in India - 2023

Contents:

1. Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in India (FOB) - 2023
2. Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in India (CIF) - 2022
3. Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in India
4. Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in India

Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in India (FOB) - 2023

In July 2023, the average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $6,760 per ton, flattening at the previous month. Over the period under review, the export price recorded a perceptible reduction. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 12% against the previous month. Over the period under review, the average export prices reached the peak figure at $9,052 per ton in November 2022; however, from December 2022 to July 2023, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In July 2023, the country with the highest price was the United States ($7,234 per ton), while the average price for exports to the UK totaled $5,039 per ton.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (0.0%), while the prices for the other major destinations experienced a decline.

Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in India (CIF) - 2022

The average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $13,764 per ton in 2022, rising by 51% against the previous year. In general, the import price showed significant growth. The most prominent rate of growth was recorded in 2016 an increase of 958% against the previous year. The import price peaked at $13,865 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for South Korea.

From 2012 to 2022, the rate of growth in terms of prices for South Korea amounted to +25.5% per year.

Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in India

Exports of mollusc preparations; cuttle fish and squid, prepared or preserveds from India skyrocketed to 640 tons in 2022, growing by 21% against the previous year. Over the period under review, exports, however, recorded a abrupt descent.

In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds surged to $4.3M in 2022. In general, exports, however, continue to indicate a abrupt curtailment.

Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from India in 2022:

1. United Kingdom (326.5 tons)
2. United States (224.2 tons)
3. Netherlands (61.0 tons)
4. Japan (15.3 tons)
5. Canada (12.7 tons)

Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in India

Imports of mollusc preparations; cuttle fish and squid, prepared or preserveds into India skyrocketed to 288 kg in 2022, increasing by 138% compared with 2021. Over the period under review, imports, however, continue to indicate a precipitous setback. The pace of growth was the most pronounced in 2020 when imports increased by 397% against the previous year. As a result, imports reached the peak of 3.6 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds skyrocketed to $4K in 2022. In general, imports, however, faced a sharp shrinkage.

Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to India in 2022:

1. South Korea (288.0 kg)

Source: IndexBox Market Intelligence Platform