Price for Crustacean Preparations; Lobster, Prepared or Preserved in Belgium - 2023

Contents:

1. Price for Crustacean Preparations; Lobster, Prepared or Preserved in Belgium (FOB) - 2022
2. Price for Crustacean Preparations; Lobster, Prepared or Preserved in Belgium (CIF) - 2022
3. Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Belgium
4. Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Belgium

Price for Crustacean Preparations; Lobster, Prepared or Preserved in Belgium (FOB) - 2022

The average export price for crustacean preparations; lobster, prepared or preserveds stood at $19,113 per ton in 2022, with an increase of 13% against the previous year. In general, export price indicated a pronounced expansion from 2012 to 2022: its price increased at an average annual rate of +2.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for crustacean preparations; lobster, prepared or preserveds increased by +78.1% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices reached the maximum in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Germany ($47,912 per ton), while the average price for exports to the Netherlands ($15,446 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 the Netherlands (+4.0%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Crustacean Preparations; Lobster, Prepared or Preserved in Belgium (CIF) - 2022

In 2022, the average import price for crustacean preparations; lobster, prepared or preserveds amounted to $17,046 per ton, falling by -8.5% against the previous year. Overall, the import price continues to indicate a mild downturn. The pace of growth was the most pronounced in 2019 when the average import price increased by 29%. Over the period under review, average import prices hit record highs at $20,685 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($29,793 per ton), while the price for Italy ($2,562 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Italy (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Belgium

For the fourth consecutive year, Belgium recorded growth in overseas shipments of crustacean preparations; lobster, prepared or preserveds, which increased by 29% to 185 tons in 2022. Over the period under review, exports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 170% against the previous year. The exports peaked in 2022 and are expected to retain growth in the near future.

In value terms, exports of crustacean preparations; lobster, prepared or preserveds soared to $3.5M in 2022. Overall, exports showed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 79% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are likely to continue growth in the near future.

Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from Belgium in 2022:

1. France (160.1 tons)
2. Denmark (11.0 tons)
3. Italy (8.1 tons)
4. Netherlands (3.3 tons)

Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Belgium

In 2022, after three years of growth, there was significant decline in purchases abroad of crustacean preparations; lobster, prepared or preserveds, when their volume decreased by -16.9% to 180 tons. Over the period under review, imports, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 99% against the previous year.

In value terms, imports of crustacean preparations; lobster, prepared or preserveds declined sharply to $3.1M in 2022. In general, imports, however, saw a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of 124% against the previous year.

Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to Belgium in 2022:

1. Canada (148.4 tons)
2. France (12.2 tons)
3. Netherlands (8.3 tons)
4. United States (8.2 tons)
5. Italy (1.2 tons)

Source: IndexBox Market Intelligence Platform