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

Contents:

  1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Chile (CIF) - 2024
  2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Chile (FOB) - 2022
  3. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Chile
  4. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Chile

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Chile (CIF) - 2024

In September 2023, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $5,284 per ton, reducing by -8.3% against the previous month. In general, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 16% m-o-m. The import price peaked at $5,937 per ton in April 2023; however, from May 2023 to September 2023, import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In September 2023, the country with the highest price was Ecuador ($7,469 per ton), while the price for China ($4,980 per ton) was amongst the lowest.

From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by China (+0.8%), while the prices for the other major suppliers experienced a decline.

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

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $17,910 per ton in 2022, declining by -3.5% against the previous year. Over the last decade, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2015 when the average export price increased by 8.3%. The export price peaked at $18,552 per ton in 2021, and then declined in the following year.

Average prices varied somewhat for the major export markets. In 2022, amid the top suppliers, the countries with the highest prices were the United States ($19,162 per ton) and Canada ($17,429 per ton), while the average price for exports to Germany ($13,214 per ton) and Denmark ($15,568 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 Canada (+4.5%), 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 Chile

In 2022, approx. 5.1K tons of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses were imported into Chile; increasing by 3.5% on the year before. In general, imports posted a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 63% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses expanded to $36M in 2022. Overall, imports posted a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 68% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Chile (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China13.115.425.629.130.5%
Ecuador1.93.25.84.937.1%
Thailand1.31.22.21.913.5%
Others0.10.60.8N/A182.8%
Total16.420.434.335.829.7%

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

  1. China (4.5K tons)
  2. Ecuador (0.4K tons)
  3. Thailand (0.1K tons)

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

In 2022, overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses increased by 15% to 946 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports, however, showed a mild downturn.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses rose rapidly to $17M in 2022. Overall, exports, however, continue to indicate a mild decline.

Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Chile (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States12.411.59.711.2-3.3%
Denmark3.33.44.23.84.8%
Canada0.80.60.81.626.0%
Germany1.21.70.40.3-37.0%
Others0.30.1N/AN/A-66.7%
Total18.017.315.216.9-2.1%

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

  1. United States (584.0 tons)
  2. Denmark (246.5 tons)
  3. Canada (92.5 tons)
  4. Germany (23.2 tons)

Source: IndexBox Market Intelligence Platform

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