Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bulgaria - 2023
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bulgaria (FOB) - 2023
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bulgaria (CIF) - 2022
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bulgaria
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bulgaria
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bulgaria (FOB) - 2023
In August 2023, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $14,081 per ton, jumping by 23% against the previous month. Over the last nine months, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in March 2023 an increase of 30% against the previous month. Over the period under review, the average export prices hit record highs in August 2023.
As there is only one major export destination, the average price level is determined by prices for Sweden.
From November 2022 to August 2023, the rate of growth in terms of prices for Sweden amounted to +2.1% per month.
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bulgaria (CIF) - 2022
The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $12,974 per ton in 2022, growing by 6.7% against the previous year. In general, the import price continues to indicate a buoyant increase. The most prominent rate of growth was recorded in 2014 when the average import price increased by 74%. Over the period under review, average import prices hit record highs at $15,793 per ton in 2016; however, from 2017 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($23,469 per ton), while the price for Portugal ($3,519 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bulgaria
In 2022, overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -20.6% to 1.2K tons for the first time since 2018, thus ending a three-year rising trend. In general, exports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 3.5% against the previous year. As a result, the exports attained the peak of 1.5K tons, and then declined markedly in the following year.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses dropped to $12M in 2022. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 7% against the previous year. As a result, the exports attained the peak of $14M, and then dropped in the following year.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bulgaria (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Sweden | 12.3 | 13.2 | 13.5 | 11.2 | -3.1% |
| Poland | N/A | N/A | 0.6 | 1.2 | 100.0% |
| Others | N/A | N/A | N/A | 0.1 | 0% |
| Total | 12.3 | 13.2 | 14.1 | 12.4 | 0.3% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from Bulgaria in 2022:
- Sweden (1112.0 tons)
- Poland (73.5 tons)
Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bulgaria
For the fourth year in a row, Bulgaria recorded growth in overseas purchases of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, which increased by 11% to 80 tons in 2022. Over the period under review, imports saw a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year. Imports peaked in 2022 and are likely to continue growth in the near future.
In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses surged to $1M in 2022. In general, imports posted a significant expansion. The growth pace was the most rapid in 2020 when imports increased by 51% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Bulgaria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 66.5 | 203 | 219 | 259 | 57.3% |
| Denmark | 81.5 | 134 | 207 | 240 | 43.3% |
| Germany | 18.9 | 81.9 | 111 | 192 | 116.6% |
| Belgium | 115 | 65.4 | 114 | 117 | 0.6% |
| Vietnam | N/A | N/A | N/A | 81.6 | 0% |
| Romania | 10.2 | 33.3 | 76.7 | 61.6 | 82.1% |
| France | 54.0 | 3.2 | 45.8 | 43.3 | -7.1% |
| Portugal | 11.1 | 18.2 | 11.8 | 5.8 | -19.5% |
| Others | 42.5 | 67.3 | 93.8 | 37.2 | -4.3% |
| Total | 400 | 606 | 879 | 1,037 | 37.4% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to Bulgaria in 2022:
- Denmark (28.6 tons)
- Netherlands (16.1 tons)
- Germany (11.3 tons)
- Romania (6.0 tons)
- Belgium (5.0 tons)
- Vietnam (3.5 tons)
- France (3.4 tons)
- Portugal (1.6 tons)
271
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Bulgaria.
523
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
271
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Bulgaria.
523
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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