What is the price of octopus per kilogram/pound in Hong Kong today?
The retail price range for Hong Kong octopus is between US$ 4.42 and US$ 4.42 per kilogram or between US$ 2.01 and US$ 2.01 per pound(lb). Click here to see today's exact prices of octopus in Hong Kong
The retail price range in Hong Kong Dollar for octopus is between HKD 34.57 and HKD 34.57 per kilogram or between HKD 15.68 and HKD 15.68 per pound(lb) in Kowloon and Tsuen Wan.
Wholesale prices
In 2024, the approximate wholesale price range for Hong Kong octopus is between US$ 3.10 and US$ 3.10 per kilogram or between US$ 1.40 and US$ 1.40 per pound(lb).
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Hong Kong Octopus Export Prices - Historical, Trends and Prediction
The export price of Octopus from Hong Kong has seen a steady increase over the past five years. In 2019, the export price per kilogram was $3.90, which increased to $4.20 in 2020. This trend continued in 2021, with the export price per kilogram reaching $4.50. In 2022, the export price per kilogram rose to $4.80, and is expected to continue to increase in the coming years. Based on the data, it is predicted that the export price per kilogram of Octopus from Hong Kong will reach $5.10 in 2023 and $5.40 in 2024.Hong Kong Octopus Import Prices - Historical, Trends and Prediction
The import price of Octopus into Hong Kong has seen a steady increase over the past five years. In 2018, the price per kilogram was $2.90, which increased to $3.20 in 2019. In 2020, the price rose to $3.50, and in 2021 it further increased to $3.90. The most recent data shows that the import price of Octopus into Hong Kong in 2022 was $4.30 per kilogram. This steady increase in the import price of Octopus into Hong Kong over the past five years is indicative of a larger trend in the market. It is likely that the prices will continue to rise in the coming years, with an estimated price of $4.70 per kilogram in 2023 and $5.10 per kilogram in 2024.Export values for Hong Kong octopus
The total values in export for octopus in Hong Kong were US$ 5,277, US$ 7,245, US$ 4,220 and US$ 1,580 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in Hong Kong: Sea Bass, Sea Bream, Lobster, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel & Cuttlefish & Squid.
See prices of octopus in other countries across Asia: Kazakhstan octopus, Kyrgyzstan octopus, Tajikistan octopus, Turkmenistan octopus, Uzbekistan octopus, China octopus, Hong Kong octopus, Macao octopus, North Korea octopus & Mongolia octopus.
Hong Kong octopus - Production, Exports, Imports, Seasons and HS Codes
In 2019 Hong Kong shipped 350 tonnes of octopus. Across 2019 alone, the market for Hong Kong octopus (seafood category) has reduced, recording a change of -8.377 % compared to the year 2018. Between 2017 and 2019, octopus' exports reduced by -75.74% bringing the country US$1.58m for the year 2019. Hong Kong's octopus exports are categorised as:
- Octopus, prepared or preserved (excluding smoked) (HS code 160555)
- Octopus "Octopus spp.", frozen (HS code 030752)
- Octopus "Octopus spp.", live, fresh or chilled (HS code 030751)
- Octopus "Octopus spp.", smoked, frozen, dried, salted or in brine (HS code 030759)
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Hong Kong octopus export values
In 2019, Hong Kong supplied octopus costing 1.58m USD, a reduction of -62.56% from 2018's total octopus export of 4.22m USD. The annual change in value of Hong Kong octopus between 2017 to 2018 was -41.753 per cent.
The per year change in the volume of Hong Kong's octopus exports between 2017 and 2019 was -75.74% in comparison to a variation of -8.377% in the period between 2018 and 2019.
Export markets for Hong Kong octopus ( in '000$ )
Hong Kong bought 1,761 tonnes of octopus in 2019.