Price for Crustacean Preparations; Lobster, Prepared or Preserved in Australia - 2024
Contents:
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Australia (CIF) - 2022
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in Australia (FOB) - 2022
- Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Australia
- Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Australia
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Australia (CIF) - 2022
The average import price for crustacean preparations; lobster, prepared or preserveds stood at $11,713 per ton in 2022, falling by -15% against the previous year. In general, the import price, however, saw resilient growth. The growth pace was the most rapid in 2013 an increase of 111%. The import price peaked at $18,778 per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was China ($12,083 per ton), while the price for Poland ($8,410 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+10.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crustacean Preparations; Lobster, Prepared or Preserved in Australia (FOB) - 2022
In 2022, the average export price for crustacean preparations; lobster, prepared or preserveds amounted to $17,500 per ton, surging by 42% against the previous year. Over the period under review, the export price, however, showed a slight decline. The most prominent rate of growth was recorded in 2015 an increase of 45% against the previous year. Over the period under review, the average export prices reached the peak figure at $40,470 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.
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 Hong Kong SAR amounted to +7.6% per year.
Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Australia
In 2022, the amount of crustacean preparations; lobster, prepared or preserveds imported into Australia skyrocketed to 81 tons, surging by 503% against 2021. In general, imports saw a significant increase. The pace of growth appeared the most rapid in 2020 when imports increased by 674% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of crustacean preparations; lobster, prepared or preserveds soared to $950K in 2022. Over the period under review, imports recorded a significant expansion. The most prominent rate of growth was recorded in 2020 when imports increased by 962%. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Crustacean Preparations; Lobster, Prepared or Preserved in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 0.4 | 5.3 | 9.9 | 827 | 1173.9% |
| Poland | N/A | N/A | N/A | 62.7 | 0% |
| Taiwan (Chinese) | 0.1 | 0.9 | 1.1 | 59.8 | 742.5% |
| United Kingdom | 4.1 | 139 | 149 | N/A | 502.8% |
| Indonesia | 4.5 | 20.8 | 5.3 | N/A | 8.5% |
| Others | 9.8 | 35.0 | 19.8 | N/A | 42.1% |
| Total | 18.9 | 201 | 185 | 950 | 269.1% |
Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to Australia in 2022:
- China (68.5 tons)
- Poland (7.5 tons)
- Taiwan (Chinese) (5.2 tons)
Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Australia
For the third year in a row, Australia recorded decline in overseas shipments of crustacean preparations; lobster, prepared or preserveds, which decreased by -99.8% to 2 kg in 2022. In general, exports showed a dramatic slump. The smallest decline of -17.8% was in 2021.
In value terms, exports of crustacean preparations; lobster, prepared or preserveds declined significantly to $35 in 2022. Overall, exports faced a sharp decline. The smallest decline of -13.5% was in 2021.
| Export of Crustacean Preparations; Lobster, Prepared or Preserved in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Hong Kong SAR | 4.1 | 0.2 | 0.8 | N/A | -55.8% |
| New Zealand | 8.6 | 2.8 | 3.5 | N/A | -36.2% |
| China | N/A | 2.2 | N/A | N/A | 0% |
| United States | 3.0 | 0.4 | 0.3 | N/A | -68.4% |
| United Arab Emirates | 6.5 | 1.1 | 0.9 | N/A | -62.8% |
| Singapore | 51.8 | 8.2 | 6.9 | N/A | -63.5% |
| Bahrain | 1.0 | N/A | N/A | N/A | 0% |
| Others | 2.0 | 0.2 | 0.7 | N/A | -40.8% |
| Total | 77.0 | 15.1 | 13.1 | N/A | -58.8% |
Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from Australia in 2022:
- United States (2.0 kg)
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