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

Contents:

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

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

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $9,879 per ton in December 2023, picking up by 2.5% against the previous month. Over the period under review, the import price, however, showed a slight decline. The pace of growth appeared the most rapid in June 2023 an increase of 4.6% m-o-m. Over the period under review, average import prices attained the maximum at $11,135 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Greenland ($21,958 per ton), while the price for Iceland ($8,440 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Greenland (+7.9%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In December 2023, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $25,692 per ton, jumping by 60% against the previous month. In general, the export price showed a temperate increase. The growth pace was the most rapid in July 2023 an increase of 140% against the previous month. Over the period under review, the average export prices reached the peak figure in December 2023.

Prices varied noticeably by the country of destination: the country with the highest price was Iceland ($64,658 per ton), while the average price for exports to India ($6,063 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iceland (+10.4%), 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 the UK

In 2022, approx. 23K tons of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses were imported into the UK; waning by -14.9% compared with 2021 figures. In general, imports continue to indicate a mild descent. The pace of growth was the most pronounced in 2021 with an increase of 16%. As a result, imports attained the peak of 27K tons, and then dropped in the following year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses fell to $246M in 2022. Overall, imports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 13% against the previous year. As a result, imports attained the peak of $272M, and then reduced in the following year.

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

1. Vietnam (6.8K tons)
2. Iceland (4.3K tons)
3. Canada (4.1K tons)
4. Norway (2.6K tons)
5. Honduras (1.8K tons)
6. Indonesia (1.2K tons)
7. Greenland (0.7K tons)

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

In 2022, shipments abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses increased by 24% to 627 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, continue to indicate a precipitous decline.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses surged to $6.7M in 2022. Over the period under review, exports, however, recorded a sharp shrinkage.

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

1. Vietnam (212.9 tons)
2. Ireland (118.0 tons)
3. Denmark (77.3 tons)
4. South Korea (43.4 tons)
5. Australia (32.4 tons)
6. Canada (25.2 tons)
7. Netherlands (21.1 tons)
8. Poland (5.6 tons)
9. Germany (0.4 tons)

Source: IndexBox Market Intelligence Platform