Price for Crustacean Preparations; Lobster, Prepared or Preserved in Japan - 2023

Contents:

1. Price for Crustacean Preparations; Lobster, Prepared or Preserved in Japan (FOB) - 2023
2. Price for Crustacean Preparations; Lobster, Prepared or Preserved in Japan (CIF) - 2022
3. Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Japan
4. Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Japan

Price for Crustacean Preparations; Lobster, Prepared or Preserved in Japan (FOB) - 2023

The average export price for crustacean preparations; lobster, prepared or preserveds stood at $25,630 per ton in November 2023, with an increase of 6.2% against the previous month. Over the period under review, the export price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 15% against the previous month. The export price peaked in November 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($63,772 per ton), while the average price for exports to the United States amounted to $24,998 per ton.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+15.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Crustacean Preparations; Lobster, Prepared or Preserved in Japan (CIF) - 2022

In 2022, the average import price for crustacean preparations; lobster, prepared or preserveds amounted to $17,381 per ton, reducing by -8.4% against the previous year. In general, the import price recorded a deep slump. The pace of growth was the most pronounced in 2020 when the average import price increased by 83%. As a result, import price attained the peak level of $43,628 per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($80,422 per ton), while the price for Canada ($16,514 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.6%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Japan

In 2022, after three years of growth, there was significant decline in overseas shipments of crustacean preparations; lobster, prepared or preserveds, when their volume decreased by -12.3% to 44 tons. Overall, exports, however, showed a significant increase. The growth pace was the most rapid in 2020 with an increase of 92%.

In value terms, exports of crustacean preparations; lobster, prepared or preserveds reduced rapidly to $942K in 2022. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2020 when exports increased by 97%.

Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from Japan in 2022:

1. United States (21.6 tons)
2. Hong Kong SAR (14.0 tons)
3. Taiwan (Chinese) (7.6 tons)
4. Singapore (0.9 tons)

Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Japan

After two years of decline, supplies from abroad of crustacean preparations; lobster, prepared or preserveds increased by 10% to 41 tons in 2022. Overall, imports, however, recorded a dramatic decline.

In value terms, imports of crustacean preparations; lobster, prepared or preserveds totaled $721K in 2022. Over the period under review, imports, however, faced a dramatic curtailment.

Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to Japan in 2022:

1. Canada (39.4 tons)
2. France (1.6 tons)
3. United States (0.5 tons)

Source: IndexBox Market Intelligence Platform