Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Canada - 2023
Contents:
- Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Canada (FOB) - 2023
- Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Canada (CIF) - 2022
- Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Canada
- Imports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Canada
Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Canada (FOB) - 2023
The average export price for aquatic invertebrates; sea cucumbers, prepared or preserveds stood at $10,084 per ton in December 2023, approximately equating the previous month. Overall, the export price saw buoyant growth. The pace of growth was the most pronounced in October 2023 an increase of 127% m-o-m. The export price peaked at $12,667 per ton in April 2023; however, from May 2023 to December 2023, the export prices stood at a somewhat lower figure.
As there is only one major export destination, the average price level is determined by prices for China.
From December 2022 to December 2023, the rate of growth in terms of prices for China amounted to +10.2% per month.
Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Canada (CIF) - 2022
In 2022, the average import price for aquatic invertebrates; sea cucumbers, prepared or preserveds amounted to $41,088 per ton, dropping by -16.2% against the previous year. Over the period under review, the import price, however, continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2013 when the average import price increased by 410%. Over the period under review, average import prices reached the peak figure at $247,436 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($181,328 per ton), while the price for Senegal ($5,739 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Somalia (+22.3%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Canada
In 2022, exports of aquatic invertebrates; sea cucumbers, prepared or preserveds from Canada skyrocketed to 871 tons, picking up by 611% against the year before. Over the period under review, exports showed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of aquatic invertebrates; sea cucumbers, prepared or preserveds skyrocketed to $6.6M in 2022. In general, exports enjoyed significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.9 | 2.2 | 1.3 | 6.2 | 90.3% |
| Japan | N/A | N/A | N/A | 0.3 | 0% |
| Others | 0.1 | N/A | N/A | 0.1 | 0.0% |
| Total | 1.0 | 2.2 | 1.4 | 6.6 | 87.6% |
Top Export Markets for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved from Canada in 2022:
- China (837.3 tons)
- Japan (27.8 tons)
Imports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Canada
In 2022, the amount of aquatic invertebrates; sea cucumbers, prepared or preserveds imported into Canada skyrocketed to 2.7 tons, picking up by 28% compared with 2021. Over the period under review, imports posted a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 13,645%. As a result, imports reached the peak of 2.7 tons; afterwards, it flattened through to 2022.
In value terms, imports of aquatic invertebrates; sea cucumbers, prepared or preserveds expanded remarkably to $110K in 2022. In general, imports posted significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 2,113% against the previous year. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Canada (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Somalia | N/A | 50.2 | 8.1 | 54.8 | 4.5% |
| Djibouti | N/A | N/A | N/A | 20.8 | 0% |
| United States | 0.5 | 30.4 | 48.9 | 18.9 | 235.6% |
| Japan | N/A | N/A | 15.7 | 10.5 | -33.1% |
| Tanzania | N/A | N/A | N/A | 2.1 | 0% |
| Senegal | N/A | N/A | N/A | 1.8 | 0% |
| China | 0.1 | 2.5 | 29.8 | 1.3 | 135.1% |
| Others | 3.2 | N/A | N/A | N/A | 0% |
| Total | 3.8 | 83.1 | 102 | 110 | 207.0% |
Top Suppliers of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved to Canada in 2022:
- Somalia (1213.0 kg)
- Djibouti (450.0 kg)
- United States (340.0 kg)
- Senegal (314.0 kg)
- Tanzania (250.0 kg)
- Japan (58.0 kg)
- China (37.0 kg)
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