What is the price of octopus per kilogram/pound in Myanmar today?
The retail price range for Myanmar octopus is between US$ 9.57 and US$ 10.39 per kilogram or between US$ 4.34 and US$ 4.71 per pound(lb). Click here to see today's exact prices of octopus in Myanmar
The retail price range in Kyat for octopus is between MMK 20,372.10 and MMK 22,105.90 per kilogram or between MMK 9,239.05 and MMK 10,025.35 per pound(lb) in Naypyitaw and Yangon.
Wholesale prices
In 2024, the approximate wholesale price range for Myanmar octopus is between US$ 6.70 and US$ 7.27 per kilogram or between US$ 3.04 and US$ 3.30 per pound(lb).
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Myanmar Octopus Export Prices - Historical, Trends and Prediction
The export price per kilogram of Octopus from Myanmar over the last five years has been quite varied. In 2014, the price was 1.67 US$/kg, dropping to 1.62 US$/kg in 2015. In 2016, the price rose to 2.12 US$/kg, before dropping again to 1.66 US$/kg in 2017. 2018 saw a significant increase to 2.99 US$/kg, followed by a further increase to 3.4 US$/kg in 2019. The price then rose again to 3.51 US$/kg in 2020, before dropping to 2.98 US$/kg in 2021. Based on this data, it is likely that the export price per kilogram of Octopus from Myanmar will remain around the 3 US$/kg mark in 2023 and 2024.Myanmar Octopus Import Prices - Historical, Trends and Prediction
The import price per kilogram of Octopus into Myanmar has seen a steady increase over the past five years. In 2016, the price was $2.12, followed by a slight decrease to $1.66 in 2017. However, the price has been on the rise since then, reaching $2.99 in 2018 and $3.4 in 2019. The highest price was recorded in 2020, at $3.51 per kilogram. This was followed by a slight decrease to $2.98 in 2021. Looking ahead, it is likely that the import price of Octopus into Myanmar will remain relatively stable in the next two years. We predict that the price will be around $3.00 in 2023 and $3.20 in 2024.Export values for Myanmar octopus
The total values in export for octopus in Myanmar were US$ 193, US$ 734, US$ 2,383 and US$ 3,325 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in Myanmar: 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.
Myanmar octopus - Production, Exports, Imports, Seasons and HS Codes
In 2019 Myanmar sold 978 tonnes of octopus. For 2019 alone, the market for Myanmar octopus (seafood category) has gone up, flactuating by 23.329 percent compared to the year 2018. Between 2017 and 2019, octopus' exports went up by 121.77 pc bringing the nation US$3.32m for the year 2019. Myanmar's octopus exports are categorised as:
- Octopus "Octopus spp.", smoked, frozen, dried, salted or in brine (HS code 030759)
- Octopus "Octopus spp.", frozen (HS code 030752)
- Octopus, prepared or preserved (excluding smoked) (HS code 160555)
- Octopus "Octopus spp.", live, fresh or chilled (HS code 030751)
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Myanmar octopus export values
In 2019, Myanmar shipped octopus costing 3.32m USD, a growth of 39.32% from 2018's total octopus export of 2.383m USD. The annual increase in value of Myanmar octopus between 2017 to 2018 was 224.659 percent.
The yearly variation in the quantity of Myanmar's octopus exports between 2017 and 2019 was 121.77% when compared to a variation of 23.329% in the growth rate between 2018 and 2019.
Export markets for Myanmar octopus ( in '000$ )
Myanmar brought in 19 tonnes of octopus in 2019.