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

Contents:

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

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

The average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $5,006 per ton in 2022, dropping by -5.7% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2017 an increase of 39%. Over the period under review, the average export prices reached the peak figure at $6,230 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($13,832 per ton), while the average price for exports to Greece ($691 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+22.6%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $7,867 per ton in 2022, approximately reflecting the previous year. In general, the import price, however, enjoyed a buoyant increase. The pace of growth appeared the most rapid in 2019 an increase of 80% against the previous year. The import price peaked at $7,870 per ton in 2021, and then fell modestly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Malaysia ($20,985 per ton), while the price for Hong Kong SAR ($1,556 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+38.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, approx. 611 tons of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine were exported from Indonesia; waning by -20.2% on the previous year's figure. Over the period under review, exports continue to indicate a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 68%. As a result, the exports reached the peak of 765 tons, and then declined markedly in the following year.

In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine dropped notably to $3.1M in 2022. Overall, exports recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of 98%.

Export of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy2,7741,3332,6922,016-10.1%
United States276124231256-2.5%
France325158321243-9.2%
Thailand10749.194.667.6-14.2%
Greece12848.477.145.5-29.2%
Turkey98.336.556.932.9-30.6%
Belgium52.123.343.730.5-16.3%
Cyprus65.023.034.118.8-33.9%
Others623257511347-17.7%
Total4,4482,0514,0633,057-11.8%

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

  1. Italy (360.1 tons)
  2. Greece (65.9 tons)
  3. France (52.5 tons)
  4. United States (32.3 tons)
  5. Thailand (12.6 tons)
  6. Cyprus (11.9 tons)
  7. Belgium (9.6 tons)
  8. Turkey (7.1 tons)

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

In 2022, after two years of decline, there was significant growth in overseas purchases of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine, when their volume increased by 16% to 14 tons. Over the period under review, imports, however, faced a drastic downturn.

In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine skyrocketed to $109K in 2022. Overall, imports, however, showed a deep downturn.

Import of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Indonesia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
South Korea74.661.650.362.1-5.9%
Philippines48.432.521.721.8-23.3%
United States21.115.311.011.9-17.4%
Malaysia8.26.44.95.8-10.9%
Australia6.05.04.15.0-5.9%
Hong Kong SAR2.82.31.92.3-6.3%
Others1.91.00.60.4-40.5%
Total16312494.4109-12.6%

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

  1. South Korea (8.1 tons)
  2. Philippines (2.8 tons)
  3. Hong Kong SAR (1.5 tons)
  4. United States (0.7 tons)
  5. Australia (0.6 tons)
  6. Malaysia (0.3 tons)

Source: IndexBox Market Intelligence Platform

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