Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Egypt - 2023

Contents:

  1. Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Egypt (FOB) - 2022
  2. Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Egypt (CIF) - 2022
  3. Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Egypt
  4. Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Egypt

Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Egypt (FOB) - 2022

In 2022, the average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine amounted to $10,677 per ton, falling by -18.3% against the previous year. Over the period under review, the export price, however, recorded a remarkable increase. The growth pace was the most rapid in 2020 when the average export price increased by 452%. Over the period under review, the average export prices attained the maximum at $13,069 per ton in 2021, and then dropped significantly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Russia ($10,677 per ton) and Albania ($10,677 per ton), while the average price for exports to Oman ($10,676 per ton) and Turkey ($10,677 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Italy (+14.4%), while the prices for the other major destinations experienced a decline.

Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Egypt (CIF) - 2022

The average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $11,645 per ton in 2022, picking up by 23% against the previous year. In general, the import price enjoyed resilient growth. The most prominent rate of growth was recorded in 2020 an increase of 91% against the previous year. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the near future.

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

From 2012 to 2022, the rate of growth in terms of prices for Italy amounted to +34.9% per year.

Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Egypt

In 2022, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine from Egypt shrank notably to 40 tons, falling by -42.8% compared with 2021 figures. Over the period under review, exports showed a dramatic slump. The smallest decline of -9.9% was in 2021.

In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine declined notably to $432K in 2022. In general, exports showed a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 64%. As a result, the exports attained the peak of $923K, and then shrank markedly in the following year.

Export of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Egypt (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
RussiaN/AN/A106221108.5%
TurkeyN/AN/A8.51181288.2%
AlbaniaN/AN/AN/A70.60%
OmanN/AN/AN/A22.20%
Greece70.7N/A61.8N/A-6.5%
Italy705555619N/A-6.3%
Others8.37.4128N/A292.7%
Total784562923432-18.0%

Top Export Markets for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine from Egypt in 2022:

  1. Russia (20.7 tons)
  2. Turkey (11.0 tons)
  3. Albania (6.6 tons)
  4. Oman (2.1 tons)

Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Egypt

Imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine into Egypt contracted dramatically to 16 tons in 2022, waning by -55.8% on the previous year. In general, imports continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2021 when imports increased by 2% against the previous year.

In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine fell notably to $184K in 2022. Overall, imports showed a significant contraction. The pace of growth was the most pronounced in 2021 when imports increased by 26% against the previous year.

Import of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Egypt (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Yemen598246340184-32.5%
Others7.324.7N/AN/A238.4%
Total606270340184-32.8%

Top Suppliers of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine to Egypt in 2022:

  1. Yemen (15.8 tons)

Source: IndexBox Market Intelligence Platform

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