Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in China - 2024
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in China (FOB) - 2024
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in China (CIF) - 2024
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in China
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in China
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in China (FOB) - 2024
The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $15,543 per ton in September 2023, shrinking by -3.6% against the previous month. In general, the export price continues to indicate a mild curtailment. The most prominent rate of growth was recorded in April 2023 an increase of 2.7% against the previous month. The export price peaked at $17,603 per ton in February 2023; however, from March 2023 to September 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In September 2023, the country with the highest price was Mexico ($19,646 per ton), while the average price for exports to the United States ($10,172 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+5.5%), while the prices for the other major destinations experienced mixed trend patterns.
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in China (CIF) - 2024
The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $10,045 per ton in September 2023, declining by -13.5% against the previous month. Overall, the import price showed a perceptible decrease. The most prominent rate of growth was recorded in July 2023 an increase of 20% m-o-m. The import price peaked at $14,349 per ton in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Thailand ($13,938 per ton), while the price for Indonesia ($4,913 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Norway (-2.0%), while the prices for the other major suppliers experienced a decline.
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in China
In 2022, approx. 52K tons of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses were exported from China; picking up by 6.2% on the previous year. In general, total exports indicated a prominent increase from 2019 to 2022: its volume increased at an average annual rate of +7.9% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 43%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $869M in 2022. Overall, exports enjoyed buoyant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 75%. The exports peaked in 2022 and are likely to continue growth in years to come.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 12.2 | 27.2 | 83.6 | 216 | 160.6% |
| Mexico | 74.6 | 87.5 | 182 | 144 | 24.5% |
| Singapore | 32.6 | 23.5 | 46.5 | 78.7 | 34.1% |
| Chile | 24.0 | 46.1 | 138 | 72.7 | 44.7% |
| South Korea | 9.0 | 20.5 | 40.1 | 69.0 | 97.2% |
| Japan | 46.1 | 41.7 | 49.8 | 52.9 | 4.7% |
| Canada | 56.8 | 37.3 | 42.6 | 44.6 | -7.7% |
| United States | 86.6 | 37.4 | 21.8 | 44.1 | -20.1% |
| Taiwan (Chinese) | 74.0 | 46.7 | 41.3 | 34.2 | -22.7% |
| Hong Kong SAR | 27.7 | 27.9 | 91.6 | 32.9 | 5.9% |
| Others | 86.9 | 71.5 | 82.1 | 79.4 | -3.0% |
| Total | 531 | 467 | 820 | 869 | 17.8% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from China in 2022:
- Malaysia (10.7K tons)
- Mexico (6.3K tons)
- South Korea (4.9K tons)
- Chile (4.6K tons)
- Japan (4.4K tons)
- Singapore (4.3K tons)
- United States (4.0K tons)
- Canada (3.8K tons)
- Hong Kong SAR (2.6K tons)
- Taiwan (Chinese) (1.9K tons)
Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in China
In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses imported into China declined dramatically to 1.6K tons, with a decrease of -21.1% compared with the previous year. Overall, imports showed a deep downturn. The pace of growth appeared the most rapid in 2021 when imports increased by 7.9% against the previous year.
In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses reduced remarkably to $18M in 2022. The total import value increased at an average annual rate of +1.2% over the period from 2019 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 23% against the previous year. As a result, imports reached the peak of $22M, and then fell sharply in the following year.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 7.4 | 7.6 | 10.9 | 9.9 | 10.2% |
| Vietnam | 7.1 | 8.5 | 9.8 | 3.3 | -22.5% |
| Norway | N/A | 0.1 | 0.2 | 1.6 | 300.0% |
| Indonesia | 1.3 | 0.4 | 0.3 | 1.4 | 2.5% |
| Greenland | N/A | N/A | 0.3 | 1.3 | 333.3% |
| Iceland | N/A | N/A | N/A | 0.8 | 0% |
| Taiwan (Chinese) | 0.2 | 0.3 | 0.1 | N/A | -29.3% |
| Others | 1.8 | 0.9 | 0.2 | N/A | -66.7% |
| Total | 17.7 | 17.8 | 21.8 | 18.4 | 1.3% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to China in 2022:
- Thailand (641.6 tons)
- Vietnam (436.5 tons)
- Indonesia (231.2 tons)
- Norway (141.1 tons)
- Greenland (124.5 tons)
- Iceland (66.4 tons)
- Taiwan (Chinese) (4.2 tons)
360
This report provides an in-depth analysis of the market for prepared or preserved crab meat in China.
513
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
360
This report provides an in-depth analysis of the market for prepared or preserved crab meat in China.
513
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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