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

Contents:

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

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

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $8,390 per ton in September 2023, remaining relatively unchanged against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in February 2023 an increase of 5.1% m-o-m. Over the period under review, average import prices attained the maximum at $8,814 per ton in April 2023; however, from May 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 Chile ($17,969 per ton), while the price for Morocco ($2,064 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 Morocco (+2.0%), 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 Denmark (FOB) - 2023

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $9,601 per ton in September 2023, which is down by -5.4% against the previous month. Over the period from December 2022 to September 2023, it increased at an average monthly rate of +1.0%. The pace of growth was the most pronounced in April 2023 when the average export price increased by 30% m-o-m. As a result, the export price reached the peak level of $10,918 per ton. From May 2023 to September 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Switzerland ($11,740 per ton), while the average price for exports to Ukraine ($6,807 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+6.1%), 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 Denmark

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses imported into Denmark expanded significantly to 25K tons, increasing by 7.3% on 2021. The total import volume increased at an average annual rate of +4.2% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The pace of growth appeared the most rapid in 2020 when imports increased by 14%. As a result, imports attained the peak of 25K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses expanded modestly to $198M in 2022. In general, imports, however, recorded a noticeable decrease. The most prominent rate of growth was recorded in 2020 when imports increased by 2.4% against the previous year. As a result, imports attained the peak of $217M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Denmark (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Greenland176164152161-2.9%
Germany2.620.820.314.979.0%
Vietnam4.44.64.48.424.1%
Morocco7.17.48.51.6-39.1%
Canada14.012.31.01.2-55.9%
Others7.68.28.810.812.4%
Total212217195198-2.3%

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

  1. Greenland (21.3K tons)
  2. Germany (1.7K tons)
  3. Vietnam (0.7K tons)
  4. Morocco (0.3K tons)
  5. Canada (0.1K tons)

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

In 2022, after two years of decline, there was significant growth in shipments abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, when their volume increased by 8.3% to 15K tons. Over the period under review, exports, however, showed a noticeable descent.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses reduced slightly to $127M in 2022. Overall, exports, however, showed a deep downturn.

Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Denmark (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom65.465.441.752.4-7.1%
Germany21.321.827.228.910.7%
Japan10.28.57.69.0-4.1%
Sweden25.017.112.16.7-35.5%
Italy18.110.110.45.3-33.6%
Norway13.99.27.94.0-34.0%
Switzerland4.23.05.93.6-5.0%
Others22.217.315.216.7-9.1%
Total180152128127-11.0%

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

  1. United Kingdom (6.1K tons)
  2. Germany (4.6K tons)
  3. Japan (1.0K tons)
  4. Sweden (0.8K tons)
  5. Italy (0.5K tons)
  6. Switzerland (0.3K tons)
  7. Norway (0.3K tons)

Source: IndexBox Market Intelligence Platform

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