Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in Portugal - 2023

Contents:

1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Portugal (CIF) - 2023
2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Portugal (FOB) - 2022
3. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Portugal
4. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Portugal

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Portugal (CIF) - 2023

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $11,594 per ton in November 2023, declining by -6.5% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 38% against the previous month. As a result, import price attained the peak level of $12,607 per ton. From October 2023 to November 2023, the average import prices failed to regain momentum.

Average prices varied somewhat amongst the major supplying countries. In November 2023, the highest price was recorded for prices from India ($12,693 per ton) and Vietnam ($12,501 per ton), while the price for Belgium ($8,817 per ton) and the Netherlands ($9,522 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+1.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $6,307 per ton in 2022, growing by 8% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 an increase of 24% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see gradual growth in years to come.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Spain ($11,192 per ton), while the average price for exports to France ($3,793 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Switzerland (+4.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, approx. 830 tons of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses were imported into Portugal; remaining relatively unchanged against 2021 figures. The total import volume increased at an average annual rate of +7.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 42%. Over the period under review, imports of hit record highs in 2022 and are likely to see gradual growth in the near future.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $9.3M in 2022. Overall, total imports indicated a prominent expansion from 2019 to 2022: its value increased at an average annual rate of +10.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +66.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 when imports increased by 50% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are likely to continue growth in the immediate term.

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

1. Netherlands (288.4 tons)
2. Spain (287.4 tons)
3. Vietnam (93.6 tons)
4. Belgium (59.8 tons)
5. Ecuador (48.3 tons)
6. Germany (38.9 tons)
7. France (13.7 tons)

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

For the fourth consecutive year, Portugal recorded growth in overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses, which increased by 27% to 238 tons in 2022. In general, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +15.1% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.4% against 2019 indices. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses soared to $1.5M in 2022. Overall, exports saw a significant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by 44%. Over the period under review, the exports of hit record highs in 2022 and are likely to see steady growth in the near future.

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

1. France (117.1 tons)
2. Spain (74.3 tons)
3. Germany (11.9 tons)
4. Angola (10.3 tons)
5. Croatia (7.0 tons)
6. Luxembourg (5.3 tons)
7. Canada (4.3 tons)
8. United Kingdom (0.5 tons)

Source: IndexBox Market Intelligence Platform