Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in Russia - 2022

Contents:

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

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

In 2022, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $8,720 per ton, reducing by -3.1% against the previous year. Over the last decade, it increased at an average annual rate of +1.1%. The pace of growth appeared the most rapid in 2017 an increase of 34%. The import price peaked at $11,501 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were Vietnam ($10,131 per ton) and Thailand ($9,814 per ton), while the price for China ($7,725 per ton) and India ($8,358 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+4.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $8,269 per ton in 2022, increasing by 71% against the previous year. Over the period under review, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Georgia ($10,588 per ton), while the average price for exports to Azerbaijan ($4,878 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 Azerbaijan (+7.2%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 919 tons of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses were imported into Russia; declining by -53.5% on 2021 figures. Overall, imports saw a precipitous shrinkage. The growth pace was the most rapid in 2021 when imports increased by 44% against the previous year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses reduced dramatically to $8M in 2022. In general, imports showed a dramatic decline. The pace of growth appeared the most rapid in 2021 with an increase of 33% against the previous year.

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

1. Indonesia (344.4 tons)
2. India (79.8 tons)
3. Vietnam (59.7 tons)
4. China (20.4 tons)

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Russia

In 2022, approx. 172 tons of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses were exported from Russia; with a decrease of -89.9% on the previous year's figure. Over the period under review, exports showed a sharp decrease. The most prominent rate of growth was recorded in 2021 when exports increased by 50% against the previous year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses declined rapidly to $1.4M in 2022. Overall, exports continue to indicate a sharp downturn. The pace of growth was the most pronounced in 2021 when exports increased by 14% against the previous year.

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers from Russia in 2022:

1. Kazakhstan (93.8 tons)
2. United Kingdom (48.7 tons)
3. Armenia (7.9 tons)
4. Georgia (6.7 tons)
5. Azerbaijan (5.4 tons)
6. Uzbekistan (3.5 tons)

Source: IndexBox Market Intelligence Platform