Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in China - 2023
Contents:
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in China (FOB) - 2022
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in China (CIF) - 2022
- Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in China
- Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in China
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in China (FOB) - 2022
In 2022, the average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $13,939 per ton, jumping by 16% against the previous year. Over the last decade, it increased at an average annual rate of +3.1%. The most prominent rate of growth was recorded in 2018 an increase of 49%. As a result, the export price attained the peak level of $16,362 per ton. From 2019 to 2022, the average export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Belgium ($16,766 per ton), while the average price for exports to Canada ($7,329 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+6.0%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in China (CIF) - 2022
In 2022, the average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $7,712 per ton, declining by -2.1% against the previous year. Overall, the import price showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average import price increased by 65% against the previous year. As a result, import price attained the peak level of $12,372 per ton. From 2017 to 2022, the average import prices failed to regain momentum.
As there is only one major supplying country, the average price level is determined by prices for Myanmar.
From 2012 to 2022, the rate of growth in terms of prices for Taiwan (Chinese) amounted to +12.5% per year.
Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in China
Exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s from China contracted to 9.5K tons in 2022, which is down by -5.3% against 2021 figures. In general, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 with an increase of 29%.
In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s reached $132M in 2022. Overall, exports recorded a abrupt descent. The pace of growth was the most pronounced in 2021 when exports increased by 59% against the previous year.
| Export of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 87.1 | 26.9 | 52.4 | 69.1 | -7.4% |
| Denmark | 21.4 | 12.4 | 19.6 | 19.4 | -3.2% |
| Sweden | 8.9 | 3.4 | 4.3 | 5.2 | -16.4% |
| Netherlands | 19.3 | 9.2 | 9.8 | 5.2 | -35.4% |
| Japan | 6.1 | 5.1 | 9.7 | 4.5 | -9.6% |
| Belgium | 5.0 | 0.8 | 3.1 | 3.9 | -7.9% |
| Singapore | 1.3 | 1.7 | 1.7 | 2.3 | 20.9% |
| Australia | 1.0 | 2.6 | 0.6 | 2.1 | 28.1% |
| South Korea | 0.6 | 0.7 | 1.8 | 1.8 | 44.2% |
| Canada | 2.2 | 2.2 | 1.4 | 1.4 | -14.0% |
| Others | 16.4 | 10.3 | 15.6 | 17.1 | 1.4% |
| Total | 169 | 75.3 | 120 | 132 | -7.9% |
Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from China in 2022:
- United States (4639.0 tons)
- Denmark (1260.8 tons)
- Japan (367.2 tons)
- Sweden (346.8 tons)
- Netherlands (324.3 tons)
- Belgium (235.4 tons)
- Australia (221.8 tons)
- Singapore (200.7 tons)
- Canada (188.2 tons)
- South Korea (183.1 tons)
Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in China
In 2022, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s into China reduced to 198 tons, falling by -9.9% compared with the previous year. Overall, imports faced a dramatic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 4.9% against the previous year.
In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s shrank to $1.5M in 2022. Over the period under review, imports faced a precipitous curtailment. The most prominent rate of growth was recorded in 2021 when imports increased by 17%.
| Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Myanmar | N/A | N/A | N/A | 0.3 | 0% |
| United States | 0.5 | N/A | N/A | N/A | 0% |
| Egypt | 2.8 | N/A | N/A | N/A | 0% |
| Taiwan (Chinese) | 1.7 | N/A | N/A | N/A | 0% |
| Others | N/A | 1.5 | 1.7 | 1.2 | -10.6% |
| Total | 5.0 | 1.5 | 1.7 | 1.5 | -33.1% |
Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to China in 2022:
- Myanmar (51.0 tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in China.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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