Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Spain - 2023

Contents:

1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Spain (FOB) - 2022
2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Spain (CIF) - 2023
3. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Spain
4. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Spain

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

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $6,787 per ton in 2022, with an increase of 10% against the previous year. Overall, export price indicated strong growth from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -7.9% against 2020 indices. The pace of growth appeared the most rapid in 2016 an increase of 33%. The export price peaked at $7,372 per ton in 2020; however, from 2021 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($14,191 per ton), while the average price for exports to Belgium ($4,282 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 Portugal (+11.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Spain (CIF) - 2023

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $10,490 per ton in September 2023, reducing by -12.6% against the previous month. Overall, the import price, however, posted a resilient expansion. The most prominent rate of growth was recorded in January 2023 when the average import price increased by 301% month-to-month. The import price peaked at $13,065 per ton in June 2023; however, from July 2023 to September 2023, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was France ($14,895 per ton), while the price for the Netherlands ($6,581 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Portugal (+17.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Spain

In 2022, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses from Spain surged to 1.1K tons, increasing by 38% compared with the previous year's figure. In general, total exports indicated resilient growth from 2019 to 2022: its volume increased at an average annual rate of +5.4% 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 +46.5% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses skyrocketed to $7.6M in 2022. Overall, total exports indicated a pronounced increase from 2019 to 2022: its value increased at an average annual rate of +4.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from Spain in 2022:

1. Italy (459.0 tons)
2. France (195.3 tons)
3. Germany (114.2 tons)
4. United Kingdom (73.4 tons)
5. Czech Republic (55.6 tons)
6. Poland (48.6 tons)
7. Greece (41.5 tons)
8. Austria (24.8 tons)
9. Netherlands (23.8 tons)
10. Serbia (21.6 tons)
11. Portugal (21.4 tons)

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

In 2022, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses into Spain skyrocketed to 592 tons, growing by 36% against 2021 figures. Overall, total imports indicated strong growth from 2019 to 2022: its volume increased at an average annual rate of +8.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +65.1% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses expanded notably to $4.2M in 2022. In general, imports, however, recorded a mild descent.

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

1. Vietnam (144.6 tons)
2. Portugal (138.2 tons)
3. Netherlands (112.0 tons)
4. Denmark (44.6 tons)
5. Germany (43.0 tons)
6. France (37.8 tons)
7. Belgium (31.7 tons)

Source: IndexBox Market Intelligence Platform