What is the price of octopus per kilogram/pound in South Africa today?
The retail price range for South Africa octopus is between US$ 1.80 and US$ 4.37 per kilogram or between US$ 0.82 and US$ 1.98 per pound(lb). Click here to see today's exact prices of octopus in South Africa
The retail price range in Rand for octopus is between ZAR 34.95 and ZAR 84.91 per kilogram or between ZAR 15.85 and ZAR 38.51 per pound(lb) in Johannesburg and Cape Town.
Wholesale prices
In 2024, the approximate wholesale price range for South Africa octopus is between US$ 1.26 and US$ 3.06 per kilogram or between US$ 0.57 and US$ 1.39 per pound(lb).
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South Africa Octopus Export Prices - Historical, Trends and Prediction
The export price per kilogram of Octopus from South Africa has seen a steady increase over the last five years. In 2017, the price was 4.05 US$ per kg, and in 2021 it was 5.63 US$ per kg. This represents an increase of 39.3%. The highest price was in 2022, when it reached 7.04 US$ per kg. The lowest price was in 2013, when it was 3.47 US$ per kg. Based on the current trend, it is predicted that the export price per kilogram of Octopus from South Africa will be 7.45 US$ per kg in 2023 and 8.00 US$ per kg in 2024.South Africa Octopus Import Prices - Historical, Trends and Prediction
The import price of Octopus into South Africa over the last five years has been relatively stable. In 2017, the price was 4.05 US$ per kg, followed by 6.12 US$ per kg in 2018. In 2019, the price dropped to 5.61 US$ per kg and further decreased to 4.74 US$ per kg in 2020. The price then increased to 5.63 US$ per kg in 2021 and 7.04 US$ per kg in 2022. Based on this trend, it is predicted that the import price of Octopus into South Africa in 2023 will be around 6.04 US$ per kg and in 2024 it will be around 6.63 US$ per kg.Export values for South Africa octopus
The total values in export for octopus in South Africa were US$ 614, US$ 1,020, US$ 1,499 and US$ 852 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in South Africa: Sea Bass, Sea Bream, Lobster, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel & Cuttlefish & Squid.
See prices of octopus in other countries across Africa: Algeria octopus, Angola octopus, Botswana octopus, Burundi octopus, Cameroon octopus, Cape Verde octopus, Central African Republic octopus, Comoros octopus, DRC Congo octopus & Benin octopus.
South Africa octopus - Production, Exports, Imports, Seasons and HS Codes
In 2019 South Africa exported 322,773 tonnes of octopus. For 2019 alone, the demand for South Africa octopus (seafood category) has decreased, recording a change of -3.855 percent compared to the year 2018. Between 2017 and 2019, octopus' exports went down by -5.65 pc bringing South Africa US$0.85m for the year 2019. South Africa's octopus exports are categorised as:
- Octopus "Octopus spp.", live, fresh or chilled (HS code 030751)
- Octopus "Octopus spp.", smoked, frozen, dried, salted or in brine (HS code 030759)
- Octopus "Octopus spp.", frozen (HS code 030752)
- Octopus, prepared or preserved (excluding smoked) (HS code 160555)
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South Africa octopus export values
In 2019, South Africa sold octopus with a value of 0.85m USD, a reduction of -43.30% from 2018's total octopus export of 1.499m USD. The annual reduction in value of South Africa octopus between 2017 to 2018 was 46.961 per cent.
The annual/yearly variation in the volume of South Africa's octopus exports between 2017 and 2019 was -5.65 pc when compared to a variation of -3.855% in the growth rate between 2018 and 2019.
South Africa's stake of the world's total octopus' exports in 2019 was less than 1%. The country is ranked position 5 in world exports of octopus.
Export markets for South Africa octopus ( in '000$ )
Import/Export Trends
South Africa is a net exporter of octopus. The annual growth of South Africa octopus in value between 2015 to 2019 was 253%, per year, while annual growth in quantity through the same period was -9%, per annum.
South Africa bought 56 tonnes of octopus in 2019.