Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Tanzania - 2022
Contents:
- Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Tanzania (FOB) - 2022
- Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Tanzania
Price for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Tanzania (FOB) - 2022
The average export price for aquatic invertebrates; sea cucumbers, prepared or preserveds stood at $6,332 per ton in 2022, shrinking by -55.8% against the previous year. Over the period under review, the export price recorded a sharp slump. The most prominent rate of growth was recorded in 2018 when the average export price increased by 56% against the previous year. The export price peaked at $289,478 per ton in 2012; however, from 2013 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 Hong Kong SAR ($97,735 per ton), while the average price for exports to Democratic People's Republic of Korea ($1,351 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 Hong Kong SAR (-10.3%), while the prices for the other major destinations experienced a decline.
Exports of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Tanzania
In 2022, the amount of aquatic invertebrates; sea cucumbers, prepared or preserveds exported from Tanzania skyrocketed to 36 tons, with an increase of 266% on 2021 figures. In general, exports showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 415% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are expected to retain growth in the near future.
In value terms, exports of aquatic invertebrates; sea cucumbers, prepared or preserveds surged to $231K in 2022. Over the period under review, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 140% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in the immediate term.
| Export of Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved in Tanzania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 8.2 | 43.1 | 23.7 | 87.8 | 120.4% |
| China | N/A | N/A | 76.2 | 87.6 | 15.0% |
| Democratic People's Republic of Korea | N/A | N/A | N/A | 19.6 | 0% |
| Vietnam | N/A | 1.5 | 13.1 | 4.4 | 71.3% |
| Mozambique | N/A | N/A | 10.9 | N/A | 0% |
| Others | 62.1 | 14.8 | 18.5 | 31.3 | -20.4% |
| Total | 70.3 | 59.5 | 143 | 231 | 48.7% |
Top Export Markets for Aquatic Invertebrates; Sea Cucumbers, Prepared or Preserved from Tanzania in 2022:
- Democratic People's Republic of Korea (14.5 tons)
- China (11.8 tons)
- Malaysia (8.2 tons)
- Vietnam (0.8 tons)
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