Price for Mollusc Preparations; Octopus, Prepared or Preserved in Japan - 2023
Contents:
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in Japan (CIF) - 2023
- Price for Mollusc Preparations; Octopus, Prepared or Preserved in Japan (FOB) - 2023
- Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Japan
- Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Japan
Price for Mollusc Preparations; Octopus, Prepared or Preserved in Japan (CIF) - 2023
The average import price for mollusc preparations; octopus, prepared or preserveds stood at $9,462 per ton in July 2023, picking up by 5.2% against the previous month. In general, the import price, however, showed a slight decrease. The pace of growth was the most pronounced in February 2023 when the average import price increased by 18% m-o-m. As a result, import price reached the peak level of $11,010 per ton. From March 2023 to July 2023, the average import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In July 2023, the countries with the highest prices were Vietnam ($10,575 per ton) and Indonesia ($9,651 per ton), while the price for China ($8,589 per ton) and the Philippines ($9,361 per ton) were amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Vietnam (-1.3%), while the prices for the other major suppliers experienced a decline.
Price for Mollusc Preparations; Octopus, Prepared or Preserved in Japan (FOB) - 2023
The average export price for mollusc preparations; octopus, prepared or preserveds stood at $19,654 per ton in July 2023, with an increase of 7.7% against the previous month. Over the period from November 2022 to July 2023, it increased at an average monthly rate of +2.2%. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 22% m-o-m. As a result, the export price reached the peak level of $19,734 per ton; afterwards, it flattened through to July 2023.
There were significant differences in the average prices for the major export markets. In July 2023, the country with the highest price was Australia ($26,074 per ton), while the average price for exports to South Korea ($8,875 per ton) was amongst the lowest.
From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Thailand (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Mollusc Preparations; Octopus, Prepared or Preserved in Japan
Imports of mollusc preparations; octopus, prepared or preserveds into Japan soared to 8.5K tons in 2022, picking up by 16% on 2021. The total import volume increased at an average annual rate of +3.4% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of mollusc preparations; octopus, prepared or preserveds surged to $91M in 2022. The total import value increased at an average annual rate of +5.1% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Mollusc Preparations; Octopus, Prepared or Preserved in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 38.0 | 31.4 | 34.0 | 40.7 | 2.3% |
| Vietnam | 32.7 | 28.4 | 27.1 | 39.4 | 6.4% |
| Philippines | 3.3 | 2.8 | 4.1 | 5.4 | 17.8% |
| Indonesia | 1.7 | 3.4 | 3.3 | 3.2 | 23.5% |
| Thailand | 2.3 | 1.9 | 1.9 | 1.7 | -9.6% |
| Others | 0.1 | 0.2 | 0.3 | 0.4 | 58.7% |
| Total | 78.1 | 68.2 | 70.8 | 90.8 | 5.2% |
Top Suppliers of Mollusc Preparations; Octopus, Prepared or Preserved to Japan in 2022:
- China (3.8K tons)
- Vietnam (3.7K tons)
- Philippines (0.5K tons)
- Indonesia (0.3K tons)
- Thailand (0.2K tons)
Exports of Mollusc Preparations; Octopus, Prepared or Preserved in Japan
Exports of mollusc preparations; octopus, prepared or preserveds from Japan expanded rapidly to 1.1K tons in 2022, increasing by 14% on the previous year. The total export volume increased at an average annual rate of +8.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 when exports increased by 24% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of mollusc preparations; octopus, prepared or preserveds reached $17M in 2022. The total export value increased at an average annual rate of +6.1% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by 34% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in years to come.
| Export of Mollusc Preparations; Octopus, Prepared or Preserved in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 6.7 | 4.9 | 8.4 | 7.8 | 5.2% |
| Hong Kong SAR | 1.3 | 1.6 | 2.0 | 2.0 | 15.4% |
| South Korea | 1.5 | 1.4 | 0.8 | 1.3 | -4.7% |
| Thailand | 0.6 | 0.8 | 1.2 | 1.2 | 26.0% |
| Canada | 1.2 | 0.7 | 0.7 | 1.0 | -5.9% |
| Taiwan (Chinese) | 0.8 | 0.7 | 0.6 | 1.0 | 7.7% |
| Singapore | 0.7 | 0.7 | 0.7 | 0.8 | 4.6% |
| Others | 1.8 | 1.1 | 1.4 | 2.2 | 6.9% |
| Total | 14.5 | 11.8 | 15.8 | 17.4 | 6.3% |
Top Export Markets for Mollusc Preparations; Octopus, Prepared or Preserved from Japan in 2022:
- United States (387.3 tons)
- Hong Kong SAR (147.2 tons)
- South Korea (146.0 tons)
- Thailand (105.3 tons)
- Taiwan (Chinese) (81.7 tons)
- Singapore (51.8 tons)
- Canada (50.1 tons)
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