Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ethiopia - 2022

Contents:

  1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ethiopia (CIF) - 2022
  2. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ethiopia

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ethiopia (CIF) - 2022

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $6,694 per ton in 2022, falling by -20.6% against the previous year. In general, import price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses increased by +58.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 99% against the previous year. Over the period under review, average import prices reached the maximum at $8,998 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for China.

From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to +14.4% per year.

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ethiopia

In 2022, approx. 2 tons of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses were imported into Ethiopia; with an increase of 199% against the previous year. Over the period under review, imports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 351%. As a result, imports reached the peak of 2.5 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses skyrocketed to $13K in 2022. Overall, imports posted significant growth. The pace of growth was the most pronounced in 2020 with an increase of 258%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ethiopia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China1.910.52.613.290.8%
VietnamN/AN/A2.9N/A0%
Sweden1.0N/AN/AN/A0%
OthersN/AN/AN/AN/A0%
Total2.910.55.513.265.7%

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to Ethiopia in 2022:

  1. China (2.0 tons)

Source: IndexBox Market Intelligence Platform

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