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China - Molluscs (Scallops, Mussels, Cuttle Fish, Squid And Octopus) - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Nov 1, 2024

China - Molluscs (Scallops, Mussels, Cuttle Fish, Squid And Octopus) - Market Analysis, Forecast, Size, Trends And Insights

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Jan 31, 2023

China's Molluscs Price Declines 2% to $6,300 per Ton

China Molluscs Export Price in September 2022

In September 2022, the molluscs price stood at $6,300 per ton (FOB, China), shrinking by -1.7% against the previous month. In general, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2022 an increase of 8.3% month-to-month. As a result, the export price attained the peak level of $7,837 per ton. From April 2022 to September 2022, the the average export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In September 2022, the country with the highest price was Hong Kong SAR ($10,776 per ton), while the average price for exports to the UK ($4,160 per ton) was amongst the lowest.

From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.3%), while the prices for the other major destinations experienced more modest paces of growth.

China Molluscs Exports

In September 2022, shipments abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) decreased by -3.6% to 31K tons, falling for the fourth consecutive month after three months of growth. In general, exports continue to indicate a deep downturn. The pace of growth was the most pronounced in March 2022 with an increase of 84% against the previous month. The exports peaked at 54K tons in January 2022; however, from February 2022 to September 2022, the exports remained at a lower figure.

In value terms, molluscs exports declined to $198M (IndexBox estimates) in September 2022. Overall, exports continue to indicate a deep contraction. The most prominent rate of growth was recorded in March 2022 when exports increased by 99% month-to-month. The exports peaked at 358K tons in January 2022; however, from February 2022 to September 2022, the exports failed to regain momentum.

China Molluscs Exports by Country

Japan (4.4K tons), Thailand (4K tons) and the United States (3K tons) were the main destinations of molluscs exports from China, with a combined 36% share of total exports. These countries were followed by South Korea, the Philippines, Spain, Australia, Vietnam, Hong Kong SAR, Taiwan (Chinese), Malaysia, Italy and the UK, which together accounted for a further 45%.

From January 2022 to September 2022, the biggest increases were in Vietnam (with a CAGR of +10.2%), while shipments for the other leaders experienced a decline.

In value terms, Thailand ($27M), Japan ($25M) and the United States ($20M) appeared to be the largest markets for molluscs exported from China worldwide, together comprising 36% of total exports. These countries were followed by South Korea, the Philippines, Hong Kong SAR, Taiwan (Chinese), Vietnam, Spain, Australia, Malaysia, Italy and the UK, which together accounted for a further 49%.

Vietnam, with a CAGR of +5.4%, saw the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Molluscs Market Overview

Molluscs are a popular seafood choice in China, thanks to their relatively low price and versatility. The molluscs market in China is a thriving industry with numerous factors contributing to its success. The country's vast coastline provides an abundance of raw materials, while the large population ensures a constant demand for finished products. In addition, Chinese consumers have a strong preference for seafood, making molluscs a popular choice.The major drivers of the market growth are rising disposable incomes, changing lifestyles, and increasing health consciousness.

However, there are some factors restraining the growth of the molluscs market in China. Firstly, seafood safety concerns have been on the rise in recent years, due to cases of food poisoning and adulteration. Secondly, Chinese consumers are becoming more price-sensitive as the economy slows down. Lastly, competition from other protein sources such as poultry and pork is also intensifying.

Despite these challenges, the outlook for the molluscs market in China remains positive due to the country's large population and growing middle class. Moreover, initiatives by the government to improve food safety standards and promote healthy eating habits are expected to create further opportunities for growth.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the molluscs market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

  • Prodcom 10203200 - Molluscs (scallops, mussels, cuttle fish, squid and octopus), frozen, dried, smoked, salted or in brine

Country coverage:

Data coverage:

  • Market volume and value
  • Per Capita consumption
  • Forecast of the market dynamics in the medium term
  • Trade (exports and imports) in China
  • Export and import prices
  • Market trends, drivers and restraints
  • Key market players and their profiles

Reasons to buy this report:

  • Take advantage of the latest data
  • Find deeper insights into current market developments
  • Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

  1. How to diversify your business and benefit from new market opportunities
  2. How to load your idle production capacity
  3. How to boost your sales on overseas markets
  4. How to increase your profit margins
  5. How to make your supply chain more sustainable
  6. How to reduce your production and supply chain costs
  7. How to outsource production to other countries
  8. How to prepare your business for global expansion

While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

  1. 1. INTRODUCTION

    Making Data-Driven Decisions to Grow Your Business

    1. REPORT DESCRIPTION
    2. RESEARCH METHODOLOGY AND AI PLATFORM
    3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
    4. GLOSSARY AND SPECIFIC TERMS

  2. 2. EXECUTIVE SUMMARY

    A Quick Overview of Market Performance

    1. KEY FINDINGS
    2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO

  3. 3. MARKET OVERVIEW

    Understanding the Current State of The Market and Its Prospects

    1. MARKET SIZE
    2. MARKET STRUCTURE
    3. TRADE BALANCE
    4. PER CAPITA CONSUMPTION
    5. MARKET FORECAST TO 2030

  4. 4. MOST PROMISING PRODUCT

    Finding New Products to Diversify Your Business

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
    2. BEST-SELLING PRODUCTS
    3. MOST CONSUMED PRODUCT
    4. MOST TRADED PRODUCT
    5. MOST PROFITABLE PRODUCT FOR EXPORT

  5. 5. MOST PROMISING SUPPLYING COUNTRIES

    Choosing the Best Countries to Establish Your Sustainable Supply Chain

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
    2. TOP PRODUCING COUNTRIES
    3. TOP EXPORTING COUNTRIES
    4. LOW-COST EXPORTING COUNTRIES

  6. 6. MOST PROMISING OVERSEAS MARKETS

    Choosing the Best Countries to Boost Your Exports

    This Chapter is Available Only for the Professional Edition PRO
    1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
    2. TOP CONSUMING MARKETS
    3. UNSATURATED MARKETS
    4. TOP IMPORTING MARKETS
    5. MOST PROFITABLE MARKETS

  7. 7. PRODUCTION

    The Latest Trends and Insights into The Industry

    1. PRODUCTION VOLUME AND VALUE

  8. 8. IMPORTS

    The Largest Import Supplying Countries

    1. IMPORTS FROM 2012–2023
    2. IMPORTS BY COUNTRY
    3. IMPORT PRICES BY COUNTRY

  9. 9. EXPORTS

    The Largest Destinations for Exports

    1. EXPORTS FROM 2012–2023
    2. EXPORTS BY COUNTRY
    3. EXPORT PRICES BY COUNTRY

  10. 10. PROFILES OF MAJOR PRODUCERS

    The Largest Producers on The Market and Their Profiles

    This Chapter is Available Only for the Professional Edition PRO

  11. LIST OF TABLES

    1. Key Findings In 2023
    2. Market Volume, In Physical Terms, 2012–2023
    3. Market Value, 2012–2023
    4. Per Capita Consumption In 2012-2023
    5. Imports, In Physical Terms, By Country, 2012–2023
    6. Imports, In Value Terms, By Country, 2012–2023
    7. Import Prices, By Country Of Origin, 2012–2023
    8. Exports, In Physical Terms, By Country, 2012–2023
    9. Exports, In Value Terms, By Country, 2012–2023
    10. Export Prices, By Country Of Destination, 2012–2023

  12. LIST OF FIGURES

    1. Market Volume, In Physical Terms, 2012–2023
    2. Market Value, 2012–2023
    3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
    4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
    5. Trade Balance, In Physical Terms, 2012-2023
    6. Trade Balance, In Value Terms, 2012-2023
    7. Per Capita Consumption, 2012-2023
    8. Market Volume Forecast to 2030
    9. Market Value Forecast to 2030
    10. Products: Market Size And Growth, By Type
    11. Products: Average Per Capita Consumption, By Type
    12. Products: Exports And Growth, By Type
    13. Products: Export Prices And Growth, By Type
    14. Production Volume And Growth
    15. Exports And Growth
    16. Export Prices And Growth
    17. Market Size And Growth
    18. Per Capita Consumption
    19. Imports And Growth
    20. Import Prices
    21. Production, In Physical Terms, 2012–2023
    22. Production, In Value Terms, 2012–2023
    23. Imports, In Physical Terms, 2012–2023
    24. Imports, In Value Terms, 2012–2023
    25. Imports, In Physical Terms, By Country, 2023
    26. Imports, In Physical Terms, By Country, 2012–2023
    27. Imports, In Value Terms, By Country, 2012–2023
    28. Import Prices, By Country Of Origin, 2012–2023
    29. Exports, In Physical Terms, 2012–2023
    30. Exports, In Value Terms, 2012–2023
    31. Exports, In Physical Terms, By Country, 2023
    32. Exports, In Physical Terms, By Country, 2012–2023
    33. Exports, In Value Terms, By Country, 2012–2023
    34. Export Prices, By Country Of Destination, 2012–2023

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