What is the price of octopus per kilogram/pound in Singapore today?
The retail price range for Singapore octopus is between US$ 9.75 and US$ 20.23 per kilogram or between US$ 4.42 and US$ 9.17 per pound(lb). Click here to see today's exact prices of octopus in Singapore
The retail price range in Singapore Dollar for octopus is between SGD 13.11 and SGD 27.20 per kilogram or between SGD 5.95 and SGD 12.34 per pound(lb) in Singapore and Bishan.
Wholesale prices
In 2024, the approximate wholesale price range for Singapore octopus is between US$ 6.83 and US$ 14.16 per kilogram or between US$ 3.10 and US$ 6.42 per pound(lb).
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Singapore Octopus Export Prices - Historical, Trends and Prediction
The export price per kilogram of Octopus from Singapore over the last five years has seen a steady increase. In 2017, the price was 7.04 US dollars per kilogram, and by 2021, it had risen to 9.72 US dollars per kilogram. This represents an increase of 38.2% over the five-year period. The highest price was recorded in 2020, at 9.15 US dollars per kilogram. It is likely that the price of Octopus will continue to rise in the coming years, with an estimated price of 10.30 US dollars per kilogram in 2023 and 10.88 US dollars per kilogram in 2024.Singapore Octopus Import Prices - Historical, Trends and Prediction
The import price per kilogram of Octopus into Singapore over the last five years has been quite volatile. In 2017, the price was $7.04, followed by a slight increase to $7.08 in 2018. In 2019, the price jumped to $8.70, and then further increased to $9.15 in 2020. The highest price was recorded in 2021, at $9.72. This indicates a steady increase in the import price of Octopus into Singapore over the last five years. Based on this trend, it is predicted that the import price of Octopus into Singapore in 2023 will be around $10.30, and in 2024 it will be around $10.90.Export values for Singapore octopus
The total values in export for octopus in Singapore were US$ 1,640, US$ 1,514, US$ 1,614 and US$ 1,409 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in Singapore: 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.
Singapore octopus - Production, Exports, Imports, Seasons and HS Codes
The volume of octopus sold by Singapore in 2020 was 59 metric tonnes. In 2019 Singapore sold 162 tonnes of octopus. Through 2019 alone, the market for Singapore octopus (seafood category) has decreased, with a change of -28.947 % compared to the year 2018. Between 2017 and 2019, octopus' exports went down by -24.65% netting Singapore US$1.41m for the year 2019. Singapore's octopus exports are categorised as:
- Octopus "Octopus spp.", frozen (HS code 030752)
- Octopus, prepared or preserved (excluding smoked) (HS code 160555)
- Octopus "Octopus spp.", live, fresh or chilled (HS code 030751)
- Octopus "Octopus spp.", smoked, frozen, dried, salted or in brine (HS code 030759)
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Singapore octopus export values
In 2019, Singapore supplied octopus with a value of 1.41m USD, a contraction of -12.64% from 2018's total octopus export of 1.614m USD. The annual reduction in value of Singapore octopus between 2017 to 2018 was 6.605 per cent.
The annual change in the quantity of Singapore's octopus exports between 2017 and 2019 was -24.65% when compared to a variation of -28.947% in the growth rate between 2018 and 2019.
Export markets for Singapore octopus ( in '000$ )
Singapore imported 920 tonnes of octopus in 2019.