Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Serbia - 2023

Contents:

1. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Serbia (CIF) - 2023
2. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Serbia (FOB) - 2022
3. Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Serbia
4. Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Serbia

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Serbia (CIF) - 2023

In November 2023, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $3,496 per ton, which is down by -38.3% against the previous month. Overall, the import price saw a relatively flat trend pattern. The pace of growth was the most pronounced in October 2023 an increase of 48% month-to-month. Over the period under review, average import prices hit record highs at $5,974 per ton in April 2023; however, from May 2023 to November 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Italy ($5,975 per ton), while the price for Spain ($2,815 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Italy (+1.7%), while the prices for the other major suppliers experienced a decline.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Serbia (FOB) - 2022

In 2022, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $6,896 per ton, surging by 65% against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 75%. Over the period under review, the average export prices hit record highs at $13,071 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($14,423 per ton), while the average price for exports to Montenegro ($2,936 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 (+14.7%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Serbia

Imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds into Serbia rose significantly to 642 tons in 2022, picking up by 8.3% on 2021. The total import volume increased at an average annual rate of +7.8% 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 when imports increased by 22%. Over the period under review, imports of reached the peak figure in 2022 and are likely to see steady growth in the near future.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds rose sharply to $2.5M in 2022. Overall, total imports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +12.4% 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 +42.1% against 2019 indices. The pace of growth was the most pronounced in 2021 when imports increased by 26%. Over the period under review, imports of reached the maximum in 2022 and are likely to see steady growth in the near future.

Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Serbia in 2022:

1. Spain (417.8 tons)
2. Estonia (62.5 tons)
3. Portugal (32.6 tons)
4. Italy (23.1 tons)
5. Poland (16.9 tons)
6. Netherlands (15.6 tons)
7. Peru (14.3 tons)
8. India (11.3 tons)

Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Serbia

In 2022, approx. 12 tons of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds were exported from Serbia; waning by -2.5% against the previous year's figure. Overall, exports continue to indicate a sharp shrinkage. The growth pace was the most rapid in 2021 when exports increased by 93% against the previous year.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds surged to $85K in 2022. In general, exports continue to indicate a sharp decrease. The growth pace was the most rapid in 2021 when exports increased by 163%.

Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Serbia in 2022:

1. Montenegro (4.8 tons)
2. France (4.4 tons)
3. Switzerland (2.3 tons)
4. Bosnia and Herzegovina (0.5 tons)
5. North Macedonia (0.4 tons)

Source: IndexBox Market Intelligence Platform