Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Turkey - 2024

Contents:

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

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

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $14,327 per ton in 2022, declining by -14.5% against the previous year. Overall, import price indicated a buoyant increase from 2012 to 2022: its price increased at an average annual rate of +6.1% 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 decreased by -24.2% against 2018 indices. The most prominent rate of growth was recorded in 2014 when the average import price increased by 43% against the previous year. Over the period under review, average import prices attained the maximum at $18,901 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Thailand ($24,371 per ton), while the price for Norway ($9,965 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+14.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $15,932 per ton in 2022, declining by -2.9% against the previous year. Overall, the export price, however, posted a strong expansion. The most prominent rate of growth was recorded in 2014 when the average export price increased by 135% against the previous year. Over the period under review, the average export prices hit record highs at $16,403 per ton in 2021, and then dropped in the following year.

Average prices varied somewhat for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Liberia ($20,411 per ton) and the United States ($15,795 per ton), while the average price for exports to Germany ($14,878 per ton) and Italy ($15,410 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Liberia (+5.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth consecutive year, Turkey recorded growth in overseas purchases of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, which increased by 104% to 41 tons in 2022. Over the period under review, imports recorded a significant expansion. 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 surged to $586K in 2022. Overall, imports showed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam19013181.526511.7%
NorwayN/A0.148.71924281.8%
Thailand45.898.419812138.2%
Philippines5.92.68.57.37.4%
Others0.41.90.3N/A-13.4%
Total24223433658634.3%

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

  1. Norway (19.3 tons)
  2. Vietnam (16.0 tons)
  3. Thailand (5.0 tons)
  4. Philippines (0.6 tons)

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

In 2022, approx. 12 tons of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses were exported from Turkey; surging by 139% compared with the previous year. In general, exports, however, faced a abrupt setback.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses soared to $196K in 2022. Over the period under review, exports, however, faced a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 when exports increased by 164%.

Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United StatesN/AN/A8.812.845.5%
Germany20.13.04.812.5-14.6%
Liberia0.20.90.912.3294.7%
JapanN/AN/A8.112.149.4%
Canada0.6N/A8.111.2165.3%
Netherlands4.91.30.411.231.7%
Belgium1303.00.410.9-56.2%
Italy9.71.24.79.5-0.7%
Hong Kong SARN/A0.20.89.4585.6%
KyrgyzstanN/AN/A0.79.31228.6%
AlgeriaN/AN/A7.79.320.8%
ChinaN/AN/A8.19.314.8%
Spain5.81.88.19.317.0%
Others18320.723.157.1-32.2%
Total35432.084.5196-17.9%

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

  1. Germany (841.0 kg)
  2. United States (811.0 kg)
  3. Japan (770.0 kg)
  4. Netherlands (725.0 kg)
  5. Canada (720.0 kg)
  6. Belgium (700.0 kg)
  7. Italy (614.0 kg)
  8. Liberia (604.0 kg)
  9. Hong Kong SAR (604.0 kg)
  10. Spain (602.0 kg)
  11. Kyrgyzstan (600.0 kg)
  12. Algeria (600.0 kg)
  13. China (600.0 kg)

Source: IndexBox Market Intelligence Platform

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