Price for Mollusc Preparations; Oysters, Prepared or Preserved in the UK - 2023

Contents:

1. Price for Mollusc Preparations; Oysters, Prepared or Preserved in the UK (CIF) - 2022
2. Price for Mollusc Preparations; Oysters, Prepared or Preserved in the UK (FOB) - 2022
3. Imports of Mollusc Preparations; Oysters, Prepared or Preserved in the UK
4. Exports of Mollusc Preparations; Oysters, Prepared or Preserved in the UK

Price for Mollusc Preparations; Oysters, Prepared or Preserved in the UK (CIF) - 2022

In 2022, the average import price for mollusc preparations; oysters, prepared or preserveds amounted to $10,001 per ton, increasing by 15% against the previous year. Overall, the import price showed prominent growth. The most prominent rate of growth was recorded in 2018 an increase of 209%. The import price peaked at $10,473 per ton in 2014; however, from 2015 to 2022, import prices remained at a lower figure.

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 Ireland ($18,559 per ton), while the price for France ($3,369 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+43.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Mollusc Preparations; Oysters, Prepared or Preserved in the UK (FOB) - 2022

The average export price for mollusc preparations; oysters, prepared or preserveds stood at $11,693 per ton in 2022, with a decrease of -40.6% against the previous year. Overall, the export price, however, continues to indicate temperate growth. The pace of growth appeared the most rapid in 2019 an increase of 84%. Over the period under review, the average export prices attained the maximum at $19,692 per ton in 2021, and then contracted dramatically in the following year.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($13,247 per ton), while the average price for exports to the Netherlands amounted to $10,218 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+6.3%).

Imports of Mollusc Preparations; Oysters, Prepared or Preserved in the UK

For the fourth year in a row, the UK recorded growth in overseas purchases of mollusc preparations; oysters, prepared or preserveds, which increased by 1.4% to 54 tons in 2022. Over the period under review, total imports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +12.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37%. Imports peaked in 2022 and are likely to continue growth in the near future.

In value terms, imports of mollusc preparations; oysters, prepared or preserveds skyrocketed to $544K in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +20.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +76.9% against 2019 indices. The growth pace was the most rapid in 2021 with an increase of 47% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Mollusc Preparations; Oysters, Prepared or Preserved to the UK in 2022:

1. South Korea (46.1 tons)
2. France (7.2 tons)
3. Ireland (0.8 tons)

Exports of Mollusc Preparations; Oysters, Prepared or Preserved in the UK

In 2022, approx. 7.5 tons of mollusc preparations; oysters, prepared or preserveds were exported from the UK; growing by 910% against 2021 figures. In general, exports recorded modest growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of mollusc preparations; oysters, prepared or preserveds soared to $87K in 2022. Over the period under review, exports, however, continue to indicate a perceptible slump.

Top Export Markets for Mollusc Preparations; Oysters, Prepared or Preserved from the UK in 2022:

1. Netherlands (4.2 tons)
2. France (3.1 tons)

Source: IndexBox Market Intelligence Platform