Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in China - 2024
Contents:
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in China (FOB) - 2024
- Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in China (CIF) - 2024
- Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in China
- Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in China
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in China (FOB) - 2024
In September 2023, the average export price for mollusc preparations; cuttle fish and squid, prepared or preserveds amounted to $8,881 per ton, waning by -6% against the previous month. Over the period under review, the export price continues to indicate a noticeable downturn. The pace of growth appeared the most rapid in August 2023 when the average export price increased by 0.9% against the previous month. Over the period under review, the average export prices attained the peak figure at $10,497 per ton in March 2023; however, from April 2023 to September 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Thailand ($13,184 per ton), while the average price for exports to Australia ($5,066 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+1.5%), while the prices for the other major destinations experienced a decline.
Price for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in China (CIF) - 2024
The average import price for mollusc preparations; cuttle fish and squid, prepared or preserveds stood at $3,105 per ton in September 2023, reducing by -4.3% against the previous month. Overall, the import price saw a noticeable shrinkage. The pace of growth appeared the most rapid in July 2023 an increase of 10% month-to-month. Over the period under review, average import prices hit record highs at $3,660 per ton in February 2023; however, from March 2023 to September 2023, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Peru.
From February 2023 to September 2023, the rate of growth in terms of prices for Peru amounted to -2.1% per month.
Exports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in China
For the fourth consecutive year, China recorded growth in shipments abroad of mollusc preparations; cuttle fish and squid, prepared or preserveds, which increased by 12% to 200K tons in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +17.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +63.5% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 41% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.
In value terms, exports of mollusc preparations; cuttle fish and squid, prepared or preserveds expanded remarkably to $2.1B in 2022. In general, exports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 58% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 175 | 270 | 574 | 623 | 52.7% |
| Malaysia | 38.3 | 88.0 | 260 | 456 | 128.3% |
| Japan | 317 | 332 | 331 | 318 | 0.1% |
| Taiwan (Chinese) | 93.0 | 131 | 185 | 178 | 24.2% |
| South Korea | 67.5 | 93.4 | 120 | 138 | 26.9% |
| Philippines | 26.2 | 50.3 | 80.9 | 83.5 | 47.2% |
| United States | 127 | 87.3 | 109 | 74.1 | -16.4% |
| Vietnam | 4.0 | 5.6 | 34.1 | 65.6 | 154.1% |
| Hong Kong SAR | 37.8 | 21.9 | 55.6 | 58.9 | 15.9% |
| Russia | 46.2 | 37.8 | 43.6 | 45.2 | -0.7% |
| Australia | 21.2 | 19.0 | 19.5 | 28.6 | 10.5% |
| Others | 95.8 | 60.5 | 76.7 | 80.6 | -5.6% |
| Total | 1,048 | 1,197 | 1,889 | 2,150 | 27.1% |
Top Export Markets for Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved from China in 2022:
- Japan (50.3K tons)
- Thailand (42.2K tons)
- Malaysia (30.4K tons)
- South Korea (20.0K tons)
- Taiwan (Chinese) (13.2K tons)
- United States (8.0K tons)
- Australia (5.7K tons)
- Russia (5.7K tons)
- Philippines (5.6K tons)
- Vietnam (5.4K tons)
- Hong Kong SAR (4.4K tons)
Imports of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in China
In 2022, the amount of mollusc preparations; cuttle fish and squid, prepared or preserveds imported into China dropped dramatically to 10K tons, with a decrease of -70.8% against 2021. Overall, imports saw a dramatic slump. The pace of growth appeared the most rapid in 2021 when imports increased by 86% against the previous year. As a result, imports reached the peak of 34K tons, and then reduced sharply in the following year.
In value terms, imports of mollusc preparations; cuttle fish and squid, prepared or preserveds declined remarkably to $34M in 2022. Over the period under review, imports recorded a precipitous descent. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year.
| Import of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Peru | 114 | 53.0 | 81.3 | 30.2 | -35.8% |
| Others | 2.8 | 4.1 | 1.6 | 3.9 | 11.7% |
| Total | 117 | 57.1 | 82.9 | 34.2 | -33.6% |
Top Suppliers of Mollusc Preparations; Cuttle Fish and Squid, Prepared or Preserved to China in 2022:
- Peru (9.7K tons)
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