Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the Philippines - 2022
Contents:
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the Philippines (FOB) - 2022
- Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the Philippines (CIF) - 2022
- Exports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the Philippines
- Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the Philippines
Price for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the Philippines (FOB) - 2022
The average export price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $5,013 per ton in 2022, picking up by 4.7% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.5%. The most prominent rate of growth was recorded in 2015 an increase of 17%. The export price peaked in 2022 and is likely to see gradual growth in the immediate term.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($5,263 per ton), while the average price for exports to Canada stood at $4,542 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (+12.2%), 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 the Philippines (CIF) - 2022
The average import price for molluscs; octopus (octopus spp.), frozen, dried, salted or in brine stood at $7,032 per ton in 2022, declining by -6.9% against the previous year. Over the period under review, the import price, however, showed a remarkable increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by 102% against the previous year. Over the period under review, average import prices attained the peak figure at $7,556 per ton in 2021, and then shrank in the following year.
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 Hong Kong SAR ($30,000 per ton), while the price for Singapore ($1,000 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+44.4%), 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 the Philippines
In 2022, approx. 3.3 tons of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine were exported from the Philippines; dropping by -99.3% on the year before. In general, exports continue to indicate a significant decline. The growth pace was the most rapid in 2021 when exports increased by 11% against the previous year.
In value terms, exports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine declined remarkably to $17K in 2022. Overall, exports faced a dramatic contraction. The pace of growth appeared the most rapid in 2021 when exports increased by 18%.
| Export of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 1,668 | 221 | 293 | 11.5 | -81.0% |
| Canada | 60.0 | 5.4 | 2.9 | 5.3 | -55.5% |
| Spain | 137 | 76.7 | 97.2 | N/A | -15.8% |
| South Korea | 919 | 429 | 454 | N/A | -29.7% |
| Japan | 751 | 423 | 541 | N/A | -15.1% |
| Belgium | 129 | 67.2 | 79.2 | N/A | -21.6% |
| China | 61.5 | 30.3 | 33.9 | N/A | -25.8% |
| Vietnam | 433 | 185 | 179 | N/A | -35.7% |
| Italy | 209 | 117 | 148 | N/A | -15.8% |
| Others | 977 | 475 | 566 | N/A | -23.9% |
| Total | 5,346 | 2,029 | 2,393 | 16.8 | -85.4% |
Top Export Markets for Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine from the Philippines in 2022:
- United States (2.2 tons)
- Canada (1.2 tons)
Imports of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the Philippines
In 2022, after two years of decline, there was significant growth in supplies from abroad of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine, when their volume increased by 130% to 62 kg. Over the period under review, imports, however, continue to indicate a sharp slump.
In value terms, imports of molluscs; octopus (octopus spp.), frozen, dried, salted or in brine surged to $436 in 2022. In general, imports, however, showed a sharp downturn.
| Import of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine in the Philippines (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 2,557 | 310 | 95.0 | 207 | -56.7% |
| China | 1,747 | 260 | 75.0 | 153 | -55.6% |
| Hong Kong SAR | 211 | 32.0 | 12.0 | 30.0 | -47.8% |
| Peru | 346 | 39.0 | 11.0 | 23.0 | -59.5% |
| Japan | 36.0 | 11.0 | 5.0 | 11.0 | -32.6% |
| Vietnam | 43.0 | 5.0 | 1.0 | 3.0 | -58.8% |
| South Korea | 3.0 | 1.0 | 1.0 | 3.0 | 0.0% |
| Indonesia | 28.0 | 3.0 | 1.0 | 2.0 | -58.5% |
| Singapore | 18.0 | 2.0 | 1.0 | 1.0 | -61.8% |
| France | 22.0 | 2.0 | 1.0 | 1.0 | -64.3% |
| Spain | 1.0 | 1.0 | 1.0 | 1.0 | 0.0% |
| Others | N/A | N/A | N/A | 1.0 | 0% |
| Total | 5,012 | 666 | 204 | 436 | -55.7% |
Top Suppliers of Molluscs; Octopus (Octopus Spp.), Frozen, Dried, Salted or in Brine to the Philippines in 2022:
- United States (45.0 kg)
- China (6.0 kg)
- Peru (2.0 kg)
- Singapore (1.0 kg)
- Indonesia (1.0 kg)
- France (1.0 kg)
- Vietnam (1.0 kg)
- Hong Kong SAR (1.0 kg)
- Japan (1.0 kg)
- South Korea (1.0 kg)
- Spain (1.0 kg)
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