Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Australia - 2024
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Australia (CIF) - 2024
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Australia (FOB) - 2022
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Australia
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Australia
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Australia (CIF) - 2024
The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $8,631 per ton in September 2023, stabilizing at the previous month. Overall, the import price continues to indicate a mild setback. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 16% against the previous month. As a result, import price attained the peak level of $11,280 per ton. From March 2023 to September 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was the UK ($18,990 per ton), while the price for the Philippines ($6,884 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+5.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Australia (FOB) - 2022
In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $11,002 per ton, surging by 9.5% against the previous year. Over the period under review, the export price continues to indicate buoyant growth. The pace of growth was the most pronounced in 2013 when the average export price increased by 132%. Over the period under review, the average export prices attained the maximum at $13,157 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($25,034 per ton), while the average price for exports to Vietnam ($9,999 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 Thailand (+15.5%), 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 Australia
In 2022, after two years of decline, there was significant growth in overseas purchases of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, when their volume increased by 12% to 5.4K tons. The total import volume increased at an average annual rate of +1.2% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses soared to $54M in 2022. The total import value increased at an average annual rate of +6.5% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 23.7 | 23.1 | 22.4 | 32.2 | 10.8% |
| China | 13.9 | 12.5 | 10.5 | 11.8 | -5.3% |
| Thailand | 4.6 | 4.3 | 3.5 | 5.5 | 6.1% |
| United Kingdom | N/A | 0.9 | 3.2 | 1.8 | 41.4% |
| Malaysia | 0.6 | 0.5 | 1.2 | 1.4 | 32.6% |
| Philippines | 0.3 | 0.6 | 0.6 | 0.5 | 18.6% |
| Others | 1.9 | 1.4 | 1.4 | 1.0 | -19.3% |
| Total | 45.0 | 43.4 | 43.0 | 54.3 | 6.5% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to Australia in 2022:
- Vietnam (3362.6 tons)
- China (1081.8 tons)
- Thailand (512.3 tons)
- Malaysia (172.9 tons)
- United Kingdom (121.1 tons)
- Philippines (98.3 tons)
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Australia
In 2022, approx. 3.6 tons of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses were exported from Australia; declining by -96.4% against the previous year. In general, exports recorded a precipitous slump. The pace of growth appeared the most rapid in 2021 with an increase of 1,313%. As a result, the exports reached the peak of 98 tons, and then declined dramatically in the following year.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses dropped significantly to $39K in 2022. Overall, exports recorded a sharp decline. The growth pace was the most rapid in 2021 when exports increased by 994%. As a result, the exports attained the peak of $981K, and then contracted significantly in the following year.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 213 | N/A | 581 | 23.9 | -51.8% |
| Vanuatu | N/A | N/A | N/A | 12.1 | 0% |
| New Zealand | 2.2 | N/A | 23.9 | 1.5 | -12.0% |
| Singapore | 5.7 | 24.3 | 375 | 1.1 | -42.2% |
| Thailand | 31.5 | 57.6 | N/A | N/A | 82.9% |
| Others | 4.3 | 7.8 | N/A | 0.6 | -48.1% |
| Total | 257 | 89.7 | 981 | 39.2 | -46.6% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from Australia in 2022:
- Vietnam (2386.0 kg)
- Vanuatu (977.0 kg)
- Singapore (110.0 kg)
- New Zealand (59.0 kg)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in Australia.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
342
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Australia.
522
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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