What is the price of octopus per kilogram/pound in Sri Lanka today?
The retail price range for Sri Lanka octopus is between US$ 9.07 and US$ 14.51 per kilogram or between US$ 4.11 and US$ 6.58 per pound(lb). Click here to see today's exact prices of octopus in Sri Lanka
The retail price range in Sri Lanka Rupee for octopus is between LKR 2,791.22 and LKR 4,465.96 per kilogram or between LKR 1,265.86 and LKR 2,025.38 per pound(lb) in Colombo and Jaffna.
Wholesale prices
In 2024, the approximate wholesale price range for Sri Lanka octopus is between US$ 6.35 and US$ 10.16 per kilogram or between US$ 2.88 and US$ 4.61 per pound(lb).
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Sri Lanka Octopus Export Prices - Historical, Trends and Prediction
The export price per kilogram of Octopus from Sri Lanka over the last five years has seen a significant decrease. In 2015, the price was 11.00 US dollars per kg, which dropped to 10.50 US dollars per kg in 2016. In 2017, the price dropped further to 4.34 US dollars per kg, and then to 4.77 US dollars per kg in 2019. The price then decreased again to 4.11 US dollars per kg in 2020, and finally to 4.16 US dollars per kg in 2021. Based on this trend, it is predicted that the export price per kilogram of Octopus from Sri Lanka in 2023 will be around 3.90 US dollars per kg, and in 2024 will be around 3.75 US dollars per kg.Sri Lanka Octopus Import Prices - Historical, Trends and Prediction
The import price per kilogram of Octopus into Sri Lanka over the last five years has been quite volatile. In 2015, the price was 11.00 US dollars per kg, which dropped to 10.50 US dollars per kg in 2016. This was followed by a significant decrease in 2017, when the price dropped to 4.34 US dollars per kg. In 2019, the price increased slightly to 4.77 US dollars per kg, before dropping again to 4.11 US dollars per kg in 2020. The price has remained relatively stable in 2021, with a slight increase to 4.16 US dollars per kg. Based on this data, it is likely that the import price per kilogram of Octopus into Sri Lanka will remain relatively stable in the next few years. We can predict that the price in 2023 will be around 4.16 US dollars per kg, and in 2024 it will be around 4.11 US dollars per kg.Export values for Sri Lanka octopus
The total values in export for octopus in Sri Lanka were US$ 21, US$ 139, US$ 162 and US$ 346 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in Sri Lanka: Sea Bass, Sea Bream, Lobster, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel & Cuttlefish & Squid.
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Sri Lanka octopus - Production, Exports, Imports, Seasons and HS Codes
In 2019 Sri Lanka shipped 70 tonnes of octopus. For the year 2019 alone, the market for Sri Lanka octopus (seafood category) has increased, recording a change of 112.121 pc compared to the year 2018. Between 2017 and 2019, octopus' exports grew by 118.75% bringing the country US$0.35m for the year 2019. Sri Lanka's octopus exports are classified as:
- Octopus, prepared or preserved (excluding smoked) (HS code 160555)
- Octopus "Octopus spp.", frozen (HS code 030752)
- Octopus "Octopus spp.", smoked, frozen, dried, salted or in brine (HS code 030759)
- Octopus "Octopus spp.", live, fresh or chilled (HS code 030751)
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Sri Lanka octopus export values
In 2019, Sri Lanka supplied octopus costing 0.35m USD, an improvement of 116.05% from 2018's total octopus export of 0.162m USD. The annual increase in value of Sri Lanka octopus between 2017 to 2018 was 16.547%.
The annual change in the amount of Sri Lanka's octopus exports between 2017 and 2019 was 118.75 pc in comparison to a variation of 112.121% in the period between 2018 and 2019.
Export markets for Sri Lanka octopus ( in '000$ )
Sri Lanka purchased 0 tonnes of octopus in 2019.