Price for Mollusc Preparations; Octopus, Prepared or Preserved in New Zealand - 2024
Contents:
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in New Zealand (CIF) - 2022
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in New Zealand (FOB) - 2022
- Imports of Mollusc Preparations; Octopus, Prepared or Preserved in New Zealand
- Exports of Mollusc Preparations; Octopus, Prepared or Preserved in New Zealand
Price for Mollusc Preparations; Octopus, Prepared or Preserved in New Zealand (CIF) - 2022
The average import price for mollusc preparations; octopus, prepared or preserveds stood at $6,311 per ton in 2022, with an increase of 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.3%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 15%. Over the period under review, average import prices reached the peak figure in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Japan ($17,021 per ton), while the price for Vietnam ($4,934 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Mollusc Preparations; Octopus, Prepared or Preserved in New Zealand (FOB) - 2022
In 2022, the average export price for mollusc preparations; octopus, prepared or preserveds amounted to $6,692 per ton, surging by 21% against the previous year. Overall, the export price saw a slight expansion. The export price peaked at $8,310 per ton in 2017; however, from 2018 to 2022, the export prices remained at a lower figure.
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 Australia ($7,263 per ton), while the average price for exports to Tonga ($3,667 per ton) was amongst the lowest.
From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Fiji (+74.4%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mollusc Preparations; Octopus, Prepared or Preserved in New Zealand
In 2022, the amount of mollusc preparations; octopus, prepared or preserveds imported into New Zealand shrank dramatically to 113 tons, with a decrease of -15.5% against the previous year. The total import volume increased at an average annual rate of +2.7% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 when imports increased by 49%. As a result, imports attained the peak of 134 tons, and then fell sharply in the following year.
In value terms, imports of mollusc preparations; octopus, prepared or preserveds contracted to $714K in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +9.8% 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 +50.9% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 62% against the previous year. As a result, imports attained the peak of $764K, and then shrank in the following year.
| Import of Mollusc Preparations; Octopus, Prepared or Preserved in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 261 | 198 | 263 | 249 | -1.6% |
| Thailand | 154 | 147 | 212 | 215 | 11.8% |
| China | 12.5 | 22.8 | 138 | 105 | 103.3% |
| South Korea | 44.3 | 44.5 | 48.4 | 69.0 | 15.9% |
| Japan | 53.0 | 47.5 | 93.0 | 65.7 | 7.4% |
| Others | 14.8 | 13.1 | 10.7 | 10.0 | -12.3% |
| Total | 539 | 473 | 764 | 714 | 9.8% |
Top Suppliers of Mollusc Preparations; Octopus, Prepared or Preserved to New Zealand in 2022:
- Vietnam (50.5 tons)
- Thailand (34.1 tons)
- China (18.1 tons)
- South Korea (6.2 tons)
- Japan (3.9 tons)
Exports of Mollusc Preparations; Octopus, Prepared or Preserved in New Zealand
In 2022, shipments abroad of mollusc preparations; octopus, prepared or preserveds decreased by -45.9% to 146 kg for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, saw significant growth.
In value terms, exports of mollusc preparations; octopus, prepared or preserveds dropped significantly to $977 in 2022. Over the period under review, exports, however, continue to indicate a significant increase.
| Export of Mollusc Preparations; Octopus, Prepared or Preserved in New Zealand (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | N/A | N/A | N/A | 857 | 0% |
| Samoa | 9.0 | N/A | 888 | 65.0 | 93.3% |
| Tonga | 21.0 | N/A | 452 | 22.0 | 1.6% |
| Papua New Guinea | 22.0 | N/A | 1.0 | 20.0 | -3.1% |
| Fiji | 2.0 | N/A | 152 | N/A | 771.8% |
| Others | N/A | N/A | N/A | 13.0 | 0% |
| Total | 54.0 | N/A | 1,493 | 977 | 162.5% |
Top Export Markets for Mollusc Preparations; Octopus, Prepared or Preserved from New Zealand in 2022:
- Australia (118.0 kg)
- Samoa (17.0 kg)
- Tonga (6.0 kg)
- Papua New Guinea (4.0 kg)
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