What is the price of octopus per kilogram/pound in Philippines today?
The retail price range for Philippines octopus is between US$ 10.79 and US$ 15.96 per kilogram or between US$ 4.90 and US$ 7.24 per pound(lb). Click here to see today's exact prices of octopus in Philippines
The retail price range in Philippine peso for octopus is between PHP 600.65 and PHP 888.22 per kilogram or between PHP 272.41 and PHP 402.82 per pound(lb) in Manila and Quezon.
Wholesale prices
In 2024, the approximate wholesale price range for Philippines octopus is between US$ 7.56 and US$ 11.17 per kilogram or between US$ 3.43 and US$ 5.07 per pound(lb).
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Philippines Octopus Export Prices - Historical, Trends and Prediction
The export price per kilogram of Octopus from Philippines has seen a steady increase over the last five years. In 2017, the price was 4.27 US$ per kg, and in 2021, it was 5.06 US$ per kg. This represents an increase of 18.3% over the five-year period. The highest price was recorded in 2014, when it was 5.82 US$ per kg. The lowest price was in 2016, when it was 3.68 US$ per kg. Based on the current trend, it is likely that the export price per kilogram of Octopus from Philippines will be around 5.30 US$ per kg in 2023 and 5.55 US$ per kg in 2024.Philippines Octopus Import Prices - Historical, Trends and Prediction
The import price per kilogram of Octopus into Philippines has been fluctuating over the past five years. In 2016, the price was at its lowest at $3.68 per kg, before increasing to $4.27 in 2017. The price then rose to its highest point of $5.82 in 2014, before dropping to $4.16 in 2015. In 2020, the price was at $4.45 per kg, before increasing to $4.91 in 2018 and $4.96 in 2019. The most recent data shows that the price of Octopus into Philippines is $5.06 per kg in 2021. Based on the data, it is predicted that the price of Octopus into Philippines will remain steady in the next two years, with an estimated price of $5.06 per kg in 2023 and $5.08 per kg in 2024.Export values for Philippines octopus
The total values in export for octopus in the Philippines were US$ 12,413, US$ 25,010, US$ 33,992 and US$ 33,564 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in Philippines: 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.
Philippines octopus - Production, Exports, Imports, Seasons and HS Codes
The quantity of octopus exported by the Philippines in 2020 was 4,513 metric tons. In 2019 The Philippines sold 6,767 tonnes of octopus. Through 2019 alone, the market for the Philippines octopus (seafood category) has decreased, with a change of -2.154 % compared to the year 2018. Between 2017 and 2019, octopus' exports increased by 15.54 pc netting the nation US$33.56m for the year 2019. the Philippiness' octopus exports are categorised as:
- Octopus, prepared or preserved (excluding smoked) (HS code 160555)
- Octopus "Octopus spp.", smoked, frozen, dried, salted or in brine (HS code 030759)
- Octopus "Octopus spp.", frozen (HS code 030752)
- Octopus "Octopus spp.", live, fresh or chilled (HS code 030751)
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Philippines octopus export values
In 2019, the Philippines supplied octopus with a value of 33.56m USD, a contraction of -1.27% from 2018's total octopus export of 33.992m USD. The yearly reduction in value of the Philippines octopus between 2017 to 2018 was 35.914 per cent.
The yearly change in the volume of the Philippiness' octopus exports between 2017 and 2019 was 15.54 per cent compared to a variation of -2.154% in the period between 2018 and 2019.
Export markets for Philippines octopus ( in '000$ )
the Philippines imported 93 tonnes of octopus in 2019.