What is the price of octopus per kilogram/pound in New Zealand today?
The retail price range for New Zealand octopus is between US$ 11.74 and US$ 17.71 per kilogram or between US$ 5.33 and US$ 8.03 per pound(lb). Click here to see today's exact prices of octopus in New Zealand
The retail price range in New Zealand Dollar for octopus is between NZD 18.68 and NZD 28.18 per kilogram or between NZD 8.47 and NZD 12.78 per pound(lb) in Wellington and Auckland.
Wholesale prices
In 2024, the approximate wholesale price range for New Zealand octopus is between US$ 8.22 and US$ 12.40 per kilogram or between US$ 3.73 and US$ 5.62 per pound(lb).
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New Zealand Octopus Export Prices - Historical, Trends and Prediction
The export price per kilogram of Octopus from New Zealand over the last five years has been quite volatile. In 2016, the price was 6.16 US$ per kg, which was the highest in the period. This was followed by a decrease to 5.65 US$ per kg in 2015. Prices then rose again in 2017 to 6.29 US$ per kg, before dropping to 6.03 US$ per kg in 2018. The lowest price in the period was 5.28 US$ per kg in 2014. Prices then rose again in 2019 to 5.83 US$ per kg, before increasing significantly to 8.04 US$ per kg in 2020. The latest data point is 10.00 US$ per kg in 2021. Based on this trend, we can predict that the export price per kilogram of Octopus from New Zealand in 2023 will be around 8.00 US$ per kg and in 2024 it will be around 7.50 US$ per kg.New Zealand Octopus Import Prices - Historical, Trends and Prediction
The import price per kilogram of Octopus into New Zealand over the last five years has been relatively stable. In 2016, the price was 6.16 US dollars per kg, followed by 6.29 US dollars per kg in 2017. In 2018, the price dropped slightly to 6.03 US dollars per kg, before increasing to 5.83 US dollars per kg in 2019. The price then rose sharply to 8.04 US dollars per kg in 2020, before reaching its highest point of 10.00 US dollars per kg in 2021. The price then dropped to 7.78 US dollars per kg in 2022. Based on the data, it is predicted that the import price per kilogram of Octopus into New Zealand in 2023 will be 7.78 US dollars per kg, and in 2024 will be 7.78 US dollars per kg.Export values for New Zealand octopus
The total values in export for octopus in New Zealand were US$ 154, US$ 220, US$ 181 and US$ 204 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in New Zealand: Sea Bass, Sea Bream, Lobster, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel & Cuttlefish & Squid.
See prices of octopus in other countries across Oceania: Fiji octopus, French Polynesia octopus, Guam octopus, Micronesia octopus, New Caledonia octopus, Papua New Guinea octopus, Samoa octopus, Solomon Islands octopus, Tonga octopus & Vanuatu octopus.
New Zealand octopus - Production, Exports, Imports, Seasons and HS Codes
The volume of octopus sold by New Zealand in 2020 was 24 metric tons. In 2019 New Zealand sold 35 tonnes of octopus. For the year 2019 alone, the market for New Zealand octopus (seafood category) has escalated, flactuating by 16.667 pc compared to the year 2018. Between 2017 and 2019, octopus' exports was steady 0 pc netting the country US$0.20m for the year 2019. New Zealand's octopus exports are categorised as:
- Octopus, prepared or preserved (excluding smoked) (HS code 160555)
- Octopus "Octopus spp.", frozen (HS code 030752)
- Octopus "Octopus spp.", live, fresh or chilled (HS code 030751)
- Octopus "Octopus spp.", smoked, frozen, dried, salted or in brine (HS code 030759)
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New Zealand octopus export values
In 2019, New Zealand supplied octopus costing 0.20m USD, an increment of 10.50% from 2018's total octopus export of 0.181m USD. The annual change in value of New Zealand octopus between 2017 to 2018 was -17.727 per cent.
The annual/yearly variation in the quantity of New Zealand's octopus exports between 2017 and 2019 was 0 pc when compared to a variation of 16.667% in the growth rate between 2018 and 2019.
Export markets for New Zealand octopus ( in '000$ )
New Zealand purchased 296 tonnes of octopus in 2019.