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

Contents:

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

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

In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $2,877 per ton, waning by -56.3% against the previous year. In general, the export price saw a noticeable contraction. The pace of growth appeared the most rapid in 2019 when the average export price increased by 208% against the previous year. The export price peaked at $9,989 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Canada ($6,536 per ton), while the average price for exports to the United States totaled $2,033 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+5.3%), while the prices for the other major destinations experienced a decline.

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

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $7,056 per ton in 2022, with a decrease of -30.3% against the previous year. Over the period under review, the import price continues to indicate a abrupt contraction. The pace of growth appeared the most rapid in 2019 when the average import price increased by 36% against the previous year. The import price peaked at $60,786 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($9,931 per ton), while the price for South Africa ($1,528 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (-10.4%), while the prices for the other major suppliers experienced a decline.

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

In 2022, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses from Ghana reduced remarkably to 5.9 tons, waning by -17% on the year before. Over the period under review, exports, however, saw significant growth. The growth pace was the most rapid in 2021 with an increase of 540% against the previous year. As a result, the exports reached the peak of 7.1 tons, and then reduced markedly in the following year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses plummeted to $17K in 2022. Overall, exports, however, saw resilient growth. The growth pace was the most rapid in 2021 when exports increased by 846%. As a result, the exports attained the peak of $46K, and then dropped markedly in the following year.

Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States0.20.913.39.7264.7%
Canada14.03.933.27.2-19.9%
United Arab EmiratesN/A0.1N/AN/A0%
OthersN/AN/AN/AN/A0%
Total14.24.946.516.85.8%

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

  1. United States (4.8 tons)
  2. Canada (1.1 tons)

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

In 2022, after two years of decline, there was significant growth in purchases abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses, when their volume increased by 47% to 922 kg. Over the period under review, imports, however, continue to indicate a slight setback.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses rose slightly to $6.5K in 2022. In general, imports, however, saw a deep slump.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam7.65.65.65.9-8.1%
South Africa0.20.10.10.1-20.6%
Denmark0.20.10.10.1-20.6%
BelgiumN/AN/AN/AN/A0%
Germany0.10.10.1N/A0.0%
United KingdomN/A0.20.3N/A50.0%
Netherlands0.20.1N/AN/A-50.0%
Others0.70.30.20.3-24.6%
Total9.06.56.46.5-10.3%

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

  1. Vietnam (595.0 kg)
  2. Denmark (56.0 kg)
  3. South Africa (53.0 kg)
  4. Belgium (24.0 kg)
  5. Germany (11.0 kg)
  6. Netherlands (7.0 kg)

Source: IndexBox Market Intelligence Platform

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