Report Update: Apr 6, 2024

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

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Molluscs Price in Chile - 2023

Molluscs Price in Chile (FOB) - 2023

The average molluscs export price stood at $1,757 per ton in September 2023, surging by 3.2% against the previous month. In general, the export price, however, saw a mild decline. The growth pace was the most rapid in December 2022 when the average export price increased by 42% m-o-m. As a result, the export price reached the peak level of $3,025 per ton. From January 2023 to September 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Spain ($2,538 per ton), while the average price for exports to Thailand ($891 per ton) was amongst the lowest.

From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-0.2%), while the prices for the other major destinations experienced a decline.

Molluscs Price in Chile (CIF) - 2023

In September 2023, the average molluscs import price amounted to $3,384 per ton, with an increase of 6.8% against the previous month. In general, the import price, however, recorded a abrupt setback. The most prominent rate of growth was recorded in February 2023 an increase of 84% against the previous month. The import price peaked at $6,677 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From September 2022 to September 2023, the rate of growth in terms of prices for Indonesia amounted to +8.6% per month.

Molluscs Exports in Chile

After two years of decline, shipments abroad of molluscs (scallops, mussels, cuttle fish, squid and octopus) increased by 72% to 60K tons in 2022. Overall, total exports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +15.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, molluscs exports soared to $127M in 2022. Over the period under review, exports enjoyed a prominent expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Molluscs in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
Spain	21.3	21.4	24.1	49.7	32.6%
South Korea	23.8	25.5	12.8	25.3	2.1%
Japan	9.8	15.3	10.1	18.9	24.5%
Taiwan (Chinese)	3.3	4.0	4.6	9.8	43.7%
Mexico	2.3	2.6	2.5	5.0	29.5%
China	18.6	2.9	0.4	2.7	-47.4%
Thailand	0.9	1.7	0.9	2.0	30.5%
Others	13.7	7.1	6.8	13.3	-1.0%
Total	93.7	80.6	62.3	127	10.7%

Top Export Markets for Molluscs from Chile in 2022:

Spain (18.3K tons)
South Korea (15.2K tons)
Japan (10.2K tons)
Taiwan (Chinese) (5.7K tons)
Mexico (2.1K tons)
China (1.6K tons)
Thailand (1.5K tons)

Molluscs Imports in Chile

In 2022, approx. 2.3K tons of molluscs (scallops, mussels, cuttle fish, squid and octopus) were imported into Chile; waning by -11.5% against 2021. In general, imports, however, enjoyed a buoyant increase. The most prominent rate of growth was recorded in 2021 with an increase of 97% against the previous year. As a result, imports attained the peak of 2.6K tons, and then dropped in the following year.

In value terms, molluscs imports reached $13M in 2022. Overall, imports, however, recorded a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 157% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

Import of Molluscs in Chile (Million USD)
COUNTRY	2019	2020	2021	2022	CAGR, 2019-2022
China	3.6	3.5	8.4	8.9	35.2%
Peru	1.3	1.2	3.4	3.2	35.0%
Argentina	N/A	N/A	0.2	0.1	-50.0%
Others	0.3	0.1	0.5	0.7	32.6%
Total	5.2	4.8	12.3	12.8	35.0%

Top Suppliers of Molluscs to Chile in 2022:

China (1950.2 tons)
Peru (253.4 tons)
Argentina (36.3 tons)

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the molluscs market in Chile. 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:

Chile

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Chile
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:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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. 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. 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. 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. 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. 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. 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. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
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
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