In 2023, China led global prepared or preserved octopus exports, valued at $261.41 million despite a slight decline of 2.53% YoY. Vietnam followed with $49.723 million, also experiencing a decrease of 2.74%. Notably, Italy showed strength with a 5.37% increase, reflecting a value of $17.638 million. Taiwan and Lithuania posted significant growth, with increases of 16.61% and 16.75%, respectively. Meanwhile, France and Mexico emerged as fast-gainers at 23.52% and 25.74% gains YoY. India faced a sharp decline of 37.6%, highlighting potential challenges in their export market.
Future trends to watch include China's market adjustment strategies amid its reduction in exports. Vietnam may also strategize to curb decline, while sustained growth from countries like Taiwan, France, and Mexico could reshape the competitive landscape. Emerging markets might present new opportunities in this sector, potentially triggering shifts in global supply chains.
Top countries in Prepared or Preserved Octopus Exports by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 China | 261,410,000 | 2023 | +6.69% | -2.53% | View data |
| 2 | 2 Vietnam | 49,723,000 | 2023 | +6.36% | -2.74% | View data |
| 3 | 3 Italy | 17,638,000 | 2023 | +6.6% | +5.37% | View data |
| 4 | 4 Philippines | 8,176,000 | 2021 | View data | ||
| 5 | 5 Taiwan | 5,471,800 | 2023 | +32.1% | +16.61% | View data |
| 6 | 6 Germany | 1,385,000 | 2023 | +1.16% | +1.62% | View data |
| 7 | 7 France | 919,940 | 2023 | +29.76% | +23.52% | View data |
| 8 | 8 Mexico | 829,920 | 2023 | +52.88% | +25.74% | View data |
| 9 | 9 Greece | 803,460 | 2023 | +5.59% | +4.82% | View data |
| 10 | 10 United States | 330,050 | 2023 | +3.24% | +8.25% | View data |
