Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Colombia - 2022

Contents:

  1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Colombia (CIF) - 2022
  2. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Colombia

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

In 2022, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $8,739 per ton, rising by 2.9% against the previous year. Over the last decade, it increased at an average annual rate of +2.7%. The pace of growth appeared the most rapid in 2013 an increase of 24%. Over the period under review, average import prices attained the peak figure at $11,428 per ton in 2020; however, from 2021 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 China ($12,674 per ton), while the price for Ecuador ($5,851 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the third year in a row, Colombia recorded decline in supplies from abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses, which decreased by -12.7% to 4.6 tons in 2022. Overall, imports recorded a precipitous shrinkage. The smallest decline of -12.2% was in 2021.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses contracted to $41K in 2022. In general, imports faced a precipitous decline.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Colombia (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
China11445.617.116.3-47.7%
United States3.22.116.411.452.7%
Ecuador15.318.510.611.0-10.4%
Vietnam5.72.00.71.5-35.9%
Others5.60.90.40.3-62.3%
Total14369.145.140.5-34.3%

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

  1. Ecuador (1873.0 kg)
  2. China (1284.0 kg)
  3. United States (1266.0 kg)
  4. Vietnam (166.0 kg)

Source: IndexBox Market Intelligence Platform

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