Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Kuwait - 2022
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Kuwait (FOB) - 2022
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Kuwait
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Kuwait (FOB) - 2022
In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $11,812 per ton, jumping by 48% against the previous year. In general, the export price saw prominent growth. The pace of growth appeared the most rapid in 2018 when the average export price increased by 62%. The export price peaked at $12,281 per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Bahrain ($11,808 per ton), while the average price for exports to Qatar ($11,808 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 Iraq (+49.9%), while the prices for the other major destinations experienced more modest paces of growth.
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Kuwait
In 2022, after three years of growth, there was significant decline in shipments abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, when their volume decreased by -8.1% to 39 tons. Overall, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +18.3% 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 +65.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. As a result, the exports reached the peak of 42 tons, and then fell in the following year.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses surged to $461K in 2022. Over the period under review, total exports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +16.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +59.2% against 2019 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Qatar | 282 | 286 | 212 | 239 | -5.4% |
| Bahrain | 3.8 | 18.5 | 56.4 | 117 | 213.4% |
| United Arab Emirates | N/A | N/A | 22.2 | 103 | 364.0% |
| Iraq | N/A | N/A | 46.3 | N/A | 0% |
| Others | 4.0 | 3.2 | 2.1 | 2.1 | -19.3% |
| Total | 290 | 308 | 339 | 461 | 16.7% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from Kuwait in 2022:
- Qatar (20.2 tons)
- Bahrain (9.9 tons)
- United Arab Emirates (8.7 tons)
467
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Kuwait.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
467
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Kuwait.
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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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