Product intelligence · HS 160555 · 2024 data
Global exports of mollusc preparations: octopus, prepared or preserved totalled $469,937,515 in 2024, a +9.1% change from the previous year. Traded by 86 countries across 963 bilateral corridors, with demand from 148 importing markets. The long-term trend is growing.
Data: OECD BIMTS · Coverage: 1995–2024 · Updated: 2026-07-17
Global trade
$469.9M
+9.1% YoY
3Y / 5Y CAGR
+8.5%
5Y: +7.2%
Supply structure
Concentrated
HHI 0.315
Volatility
Low
Score 4/100
In 2024, mollusc preparations: octopus, prepared or preserved trade exhibited strong growth, with global flows reaching $469,937,515 and a three-year compound annual growth rate of +8.5% (five-year: +7.2%). The all-time peak of $469,937,515 was recorded in 2024.
Over the 30-year observation window (1995–2024), 69% of years recorded positive growth, indicating a predominantly expanding market. Trend momentum is steady (+1.1% acceleration).
The supply side is concentrated (Herfindahl-Hirschman Index 0.315). The three largest exporters — China ($235.1M), Spain ($104.9M), and Vietnam ($51.4M) — collectively dominate supply flows. The leading exporter has grown at +9.8% over the last three years.
On the demand side, importer concentration is diversified (HHI 0.129). The three largest import markets are Malaysia ($104.9M), Japan ($94.9M), and United States ($69.7M). The largest importing market sources from 12 different supplying countries.
The dominant trade corridor is China → Malaysia at $104.1M, representing 99.2% of the importer's total demand.
The volatility score for mollusc preparations: octopus, prepared or preserved is 4 out of 100, classified as low. Trade flows are relatively stable compared to other HS6 products, suggesting mature supply chains and predictable demand.
For market entrants, strong demand tailwinds create a favourable entry environment. The concentrated supply structure suggests high barriers but also potential opportunity if dominant suppliers face disruption or capacity constraints.
Data confidence is rated "High" based on reporting coverage and consistency across OECD member and partner countries.
Historical evidence
Peak: $469,937,515 in 2024.
| Year | Global trade (USD) | YoY growth |
|---|---|---|
| 2015 | $210,653,911 | -8.3% |
| 2016 | $247,911,276 | +17.7% |
| 2017 | $322,822,144 | +30.2% |
| 2018 | $380,298,097 | +17.8% |
| 2019 | $331,205,900 | -12.9% |
| 2020 | $267,083,068 | -19.4% |
| 2021 | $367,705,619 | +37.7% |
| 2022 | $435,743,147 | +18.5% |
| 2023 | $430,761,005 | -1.1% |
| 2024 | $469,937,515 | +9.1% |
Ranked by export value of mollusc preparations: octopus, prepared or preserved in 2024.
Largest import destinations for mollusc preparations: octopus, prepared or preserved.
Largest bilateral export flows for mollusc preparations: octopus, prepared or preserved, ranked by value. Click any country to view its full profile.
| # | Exporter | Importer | Value 2024 | 3Y CAGR |
|---|---|---|---|---|
| 1 | China | Malaysia | $104.1M | +111.1% |
| 2 | China | Japan | $52.2M | -9.1% |
| 3 | Spain | United States | $43.1M | +20.0% |
| 4 | Vietnam | Japan | $33.0M | +9.7% |
| 5 | China | South Korea | $29.1M | -2.2% |
| 6 | Spain | Italy | $17.3M | +14.0% |
| 7 | China | Thailand | $14.8M | +8.0% |
| 8 | China | Hong Kong | $13.0M | +15.4% |
Showing top 8 of 10 corridors with available data for 2024.
Go deeper
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Data source
OECD Bilateral International Merchandise Trade Statistics (BIMTS). Aggregated from 312M+ reported trade records across 200+ countries and 5,300+ HS6 product codes. Coverage: 1995–2024.
Key indicators
HHI (Herfindahl-Hirschman Index): market concentration, 0 = fully diversified, 1 = single player. CAGR: compound annual growth rate over a stated period. Volatility score: trade value variability, 0–100 scale.
How this page is made
All statistical content on this page is data-driven, composed programmatically from live OECD trade records. No generic AI-generated prose is used. Analytical paragraphs combine real data points with factual interpretation. This page was last refreshed on 2026-07-17.
