Price for Mollusc Preparations; Octopus, Prepared or Preserved in Ireland - 2023

Contents:

1. Price for Mollusc Preparations; Octopus, Prepared or Preserved in Ireland (CIF) - 2022
2. Price for Mollusc Preparations; Octopus, Prepared or Preserved in Ireland (FOB) - 2022
3. Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Ireland
4. Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Ireland

Price for Mollusc Preparations; Octopus, Prepared or Preserved in Ireland (CIF) - 2022

In 2022, the average import price for mollusc preparations; octopus, prepared or preserveds amounted to $14,563 per ton, which is down by -4.3% against the previous year. Overall, import price indicated a buoyant increase from 2015 to 2022: its price increased at an average annual rate of +5.2% over the last seven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for mollusc preparations; octopus, prepared or preserveds decreased by -12.8% against 2020 indices. The most prominent rate of growth was recorded in 2018 when the average import price increased by 31% against the previous year. Over the period under review, average import prices hit record highs at $16,707 per ton in 2020; however, from 2021 to 2022, import prices remained at a lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the highest price was recorded for prices from Italy ($15,860 per ton) and Romania ($13,259 per ton), while the price for Greece ($11,116 per ton) and the Netherlands ($11,294 per ton) were amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Greece (+4.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Mollusc Preparations; Octopus, Prepared or Preserved in Ireland (FOB) - 2022

In 2022, the average export price for mollusc preparations; octopus, prepared or preserveds amounted to $5,595 per ton, with a decrease of -17.3% against the previous year. Overall, the export price continues to indicate a abrupt decline. Over the period under review, the average export prices attained the maximum at $7,684 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($8,357 per ton), while the average price for exports to Italy amounted to $5,099 per ton.

From 2017 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+2.8%).

Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Ireland

For the fourth year in a row, Ireland recorded growth in supplies from abroad of mollusc preparations; octopus, prepared or preserveds, which increased by 12% to 14 tons in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 93% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, imports of mollusc preparations; octopus, prepared or preserveds amounted to $201K in 2022. Over the period under review, imports saw a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 102% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.

Top Suppliers of Mollusc Preparations; Octopus, Prepared or Preserved to Ireland in 2022:

1. Italy (9.2 tons)
2. Greece (2.1 tons)
3. Spain (1.4 tons)
4. Netherlands (0.5 tons)
5. Romania (0.4 tons)

Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Ireland

In 2022, exports of mollusc preparations; octopus, prepared or preserveds from Ireland soared to 402 kg, rising by 279% compared with 2021 figures. In general, exports posted a significant increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of mollusc preparations; octopus, prepared or preserveds surged to $2.2K in 2022. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Mollusc Preparations; Octopus, Prepared or Preserved from Ireland in 2022:

1. Italy (343.0 kg)
2. United Kingdom (56.0 kg)

Source: IndexBox Market Intelligence Platform