Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Italy - 2023
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Italy (CIF) - 2023
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Italy (FOB) - 2023
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Italy
- Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Italy
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Italy (CIF) - 2023
The average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $5,463 per ton in September 2023, reducing by -6.2% against the previous month. In general, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 13% against the previous month. Over the period under review, average import prices hit record highs at $6,201 per ton in June 2023; however, from July 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 Albania ($12,391 per ton), while the price for Peru totaled $5,883 per ton.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Portugal (+3.6%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Italy (FOB) - 2023
In September 2023, the average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $13,395 per ton, waning by -2.7% against the previous month. Over the last nine-month period, it increased at an average monthly rate of +1.3%. The pace of growth was the most pronounced in March 2023 an increase of 9.8% against the previous month. The export price peaked at $13,772 per ton in August 2023, and then fell modestly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the Dominican Republic ($24,034 per ton), while the average price for exports to Saudi Arabia ($12,354 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Italy
In 2022, after three years of growth, there was decline in overseas purchases of mollusc preparations; cuttle fish and squid, prepared or preserveds, when their volume decreased by -3.5% to 3.6K tons. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +15.2% 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 +52.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 52% against the previous year. As a result, imports reached the peak of 3.7K tons, and then reduced modestly in the following year.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds rose significantly to $21M in 2022. Over the period under review, imports, however, enjoyed a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Italy (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 5.6 | 6.0 | 8.8 | 10.7 | 24.1% |
| Peru | 1.7 | 2.0 | 5.5 | 5.2 | 45.2% |
| Albania | 1.6 | 2.1 | 3.0 | 2.3 | 12.9% |
| Portugal | 0.1 | 0.2 | 0.3 | 0.5 | 71.0% |
| Denmark | N/A | 0.1 | 0.1 | 0.5 | 123.6% |
| Germany | N/A | 0.1 | 0.4 | 0.4 | 100.0% |
| France | 1.0 | 0.7 | 0.6 | 0.2 | -41.5% |
| Others | 1.4 | 0.6 | 1.0 | 0.8 | -17.0% |
| Total | 11.4 | 11.9 | 19.7 | 20.7 | 22.0% |
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to Italy in 2022:
- Spain (2087.2 tons)
- Peru (899.8 tons)
- Albania (193.9 tons)
- Germany (108.1 tons)
- Portugal (72.2 tons)
- Denmark (71.3 tons)
- France (30.5 tons)
Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Italy
In 2022, approx. 630 tons of mollusc preparations; cuttle fish and squid, prepared or preserveds were exported from Italy; waning by -15.1% against the year before. Overall, exports saw a perceptible decrease. The most prominent rate of growth was recorded in 2021 with an increase of 30% against the previous year. As a result, the exports reached the peak of 743 tons, and then dropped dramatically in the following year.
In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds contracted to $7.2M in 2022. The total export value increased at an average annual rate of +2.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 38% against the previous year. As a result, the exports reached the peak of $8.4M, and then shrank in the following year.
| Export of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in Italy (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 2,831 | 3,086 | 3,608 | 3,514 | 7.5% |
| France | 1,398 | 1,241 | 1,726 | 1,557 | 3.7% |
| South Korea | N/A | 219 | 316 | 301 | 17.2% |
| United States | 26.0 | 11.5 | 192 | 282 | 121.4% |
| Malta | 170 | 171 | 199 | 199 | 5.4% |
| Austria | 171 | 116 | 227 | 180 | 1.7% |
| Belgium | 146 | 153 | 345 | 178 | 6.8% |
| Switzerland | 449 | 350 | 404 | 152 | -30.3% |
| Lithuania | 2.1 | 29.8 | 137 | 150 | 314.9% |
| Spain | 23.2 | 106 | 136 | 147 | 85.0% |
| United Kingdom | 743 | 189 | 80.1 | 19.6 | -70.2% |
| Canada | 18.0 | 20.1 | 449 | 11.4 | -14.1% |
| Others | 665 | 441 | 618 | 543 | -6.5% |
| Total | 6,642 | 6,131 | 8,437 | 7,235 | 2.9% |
Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from Italy in 2022:
- Germany (355.9 tons)
- France (98.2 tons)
- United States (21.8 tons)
- Malta (21.2 tons)
- Belgium (15.8 tons)
- Spain (14.3 tons)
- South Korea (14.1 tons)
- Lithuania (13.8 tons)
- Switzerland (13.8 tons)
- Austria (11.2 tons)
- United Kingdom (1.4 tons)
- Canada (0.7 tons)
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