Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Panama - 2023
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Panama (CIF) - 2022
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Panama (FOB) - 2022
- Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Panama
- Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Panama
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Panama (CIF) - 2022
In 2022, the average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine amounted to $3,745 per ton, surging by 1.9% against the previous year. Over the last five years, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2019 an increase of 29%. Over the period under review, average import prices attained the peak figure at $4,147 per ton in 2020; however, from 2021 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Morocco ($5,464 per ton), while the price for the Philippines ($2,880 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+12.3%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Panama (FOB) - 2022
In 2021, the average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine amounted to $3,009 per ton, remaining constant against the previous year. Over the period under review, the export price continues to indicate a drastic downturn. The most prominent rate of growth was recorded in 2019 a decrease of -40.9% against the previous year. Over the period under review, the average export prices reached the peak figure at $5,002 per ton in 2016; however, from 2017 to 2021, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Aruba.
From 2016 to 2021, the rate of growth in terms of prices for Aruba amounted to +5.7% per year.
Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Panama
In 2022, approx. 388 tons of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine were imported into Panama; picking up by 392% against 2021. Over the period under review, imports posted a strong expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine soared to $1.5M in 2022. Overall, imports showed strong growth. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Philippines | 220 | 14.1 | 29.7 | 628 | 41.9% |
| Spain | 103 | 5.6 | 43.0 | 514 | 70.9% |
| Indonesia | 282 | 69.2 | 99.2 | 217 | -8.4% |
| Morocco | 29.5 | 7.1 | 3.2 | 93.1 | 46.7% |
| Peru | 124 | 42.1 | 83.5 | N/A | -17.9% |
| United States | 67.9 | 15.4 | 20.5 | N/A | -45.1% |
| Others | 20.7 | 5.4 | 10.8 | 0.5 | -71.1% |
| Total | 847 | 159 | 290 | 1,453 | 19.7% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine to Panama in 2022:
- Philippines (218.0 tons)
- Spain (109.6 tons)
- Indonesia (43.2 tons)
- Morocco (17.0 tons)
Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Panama
In 2021, approx. 1.1 tons of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine were exported from Panama; approximately mirroring 2020 figures. Overall, exports saw a dramatic downturn. The smallest decline of 99.9% was in 2020.
In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine amounted to $3.5K in 2021. Over the period under review, exports saw a sharp curtailment. The smallest decline of 99.9% was in 2020.
| Export of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in Panama (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | CAGR, 2019-2021 | |
| Aruba | 0.4 | N/A | 3.5 | 195.8% | |
| Antigua and Barbuda | 8.0 | N/A | N/A | 0% | |
| Others | 0.2 | N/A | N/A | 0% | |
| Total | 8.6 | N/A | 3.5 | -36.2% | |
Top Export Markets for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine from Panama in 2022:
- Aruba (1.1 tons)
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