Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in China - 2023

Contents:

1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in China (FOB) - 2023
2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in China (CIF) - 2022
3. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in China
4. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in China

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in China (FOB) - 2023

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $12,746 per ton in December 2023, with an increase of 3.2% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2023 when the average export price increased by 14% month-to-month. The export price peaked at $15,744 per ton in February 2023; however, from March 2023 to December 2023, the export prices remained at a lower figure.

There were significant differences in the average prices for the major external markets. In December 2023, the country with the highest price was Taiwan (Chinese) ($18,737 per ton), while the average price for exports to Japan ($5,092 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.6%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in China (CIF) - 2022

In 2022, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $12,187 per ton, jumping by 82% against the previous year. Over the period under review, the import price recorded prominent growth. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($12,639 per ton), while the price for Thailand ($7,139 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greenland (+202.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in China

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses exported from China declined significantly to 34K tons, shrinking by -28.3% compared with the previous year. Over the period under review, exports recorded a abrupt curtailment. The pace of growth was the most pronounced in 2021 when exports increased by 2.8% against the previous year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses reduced markedly to $478M in 2022. In general, exports continue to indicate a abrupt shrinkage. The growth pace was the most rapid in 2021 when exports increased by 13% against the previous year. As a result, the exports reached the peak of $596M, and then contracted sharply in the following year.

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers from China in 2022:

1. Taiwan (Chinese) (6.3K tons)
2. Hong Kong SAR (4.7K tons)
3. Canada (3.8K tons)
4. Japan (3.7K tons)
5. United States (3.1K tons)
6. Malaysia (2.8K tons)
7. South Korea (2.2K tons)
8. Singapore (2.0K tons)
9. Australia (1.5K tons)
10. Chile (1.2K tons)

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in China

After three years of growth, purchases abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses decreased by -11.6% to 81 tons in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 305% against the previous year. As a result, imports attained the peak of 92 tons, and then shrank in the following year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses surged to $991K in 2022. In general, imports, however, continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 126%. Imports peaked in 2022 and are likely to continue growth in years to come.

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers to China in 2022:

1. Greenland (49.5 tons)
2. Denmark (16.2 tons)
3. Canada (10.3 tons)
4. Iceland (5.2 tons)
5. Thailand (0.1 tons)

Source: IndexBox Market Intelligence Platform