Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in Canada - 2023
Contents:
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Canada (FOB) - 2022
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Canada (CIF) - 2023
- Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Canada
- Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Canada
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Canada (FOB) - 2022
The average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $12,016 per ton in 2022, remaining stable against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.4%. The most prominent rate of growth was recorded in 2014 when the average export price increased by 22% against the previous year. Over the period under review, the average export prices attained the peak figure in 2022 and is likely to continue growth in years to come.
As there is only one major export destination, the average price level is determined by prices for the United States.
From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +1.4% per year.
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Canada (CIF) - 2023
The average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $4,785 per ton in December 2023, shrinking by -41.3% against the previous month. Over the period under review, the import price, however, posted noticeable growth. The growth pace was the most rapid in October 2023 an increase of 535% month-to-month. The import price peaked at $8,151 per ton in November 2023, and then fell markedly in the following month.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was China ($5,169 per ton), while the price for Nigeria amounted to $504 per ton.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Latvia (0.0%), while the prices for the other major suppliers experienced a decline.
Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Canada
In 2022, the amount of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s exported from Canada reduced rapidly to 280 tons, waning by -22.6% against the previous year. Overall, exports showed a deep reduction. The most prominent rate of growth was recorded in 2021 with an increase of 39%.
In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s fell notably to $3.4M in 2022. In general, exports continue to indicate a abrupt contraction. The most prominent rate of growth was recorded in 2021 with an increase of 45% against the previous year.
| Export of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.3 | 3.0 | 4.3 | 3.4 | -7.5% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 4.3 | 3.0 | 4.3 | 3.4 | -7.5% |
Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from Canada in 2022:
- United States (279.8 tons)
Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Canada
In 2022, approx. 270 tons of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s were imported into Canada; jumping by 30% compared with the previous year's figure. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 99%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s declined to $1.1M in 2022. In general, imports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 99% against the previous year. As a result, imports attained the peak of $1.2M, and then fell in the following year.
| Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 465 | 385 | 1,095 | 984 | 28.4% |
| Nigeria | 3.0 | 5.5 | 19.7 | 35.9 | 128.7% |
| Japan | 1.1 | N/A | 25.1 | 35.4 | 218.1% |
| Egypt | 88.0 | 85.4 | 66.8 | 31.3 | -29.1% |
| Ghana | N/A | 0.5 | N/A | 12.1 | 391.9% |
| India | 20.8 | 117 | N/A | N/A | 462.5% |
| Others | 11.2 | 18.4 | 11.9 | 28.5 | 36.5% |
| Total | 589 | 612 | 1,218 | 1,127 | 24.1% |
Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to Canada in 2022:
- China (227.7 tons)
- Ghana (18.6 tons)
- Nigeria (9.4 tons)
- Japan (5.6 tons)
- Egypt (4.4 tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in Canada.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
320
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Canada.
513
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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