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

Contents:

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

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

The average import price for crustacean preparations; lobster, prepared or preserveds stood at $119,983 per ton in 2022, picking up by 80% against the previous year. Overall, the import price continues to indicate significant growth. The pace of growth was the most pronounced in 2021 when the average import price increased by 401% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($125,520 per ton), while the price for Canada ($3,333 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) (+18.1%), while the prices for the other major suppliers experienced mixed trend patterns.

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

The average export price for crustacean preparations; lobster, prepared or preserveds stood at $11,199 per ton in 2022, approximately mirroring the previous year. In general, the export price saw a strong increase. The growth pace was the most rapid in 2015 an increase of 105% against the previous year. Over the period under review, the average export prices attained the maximum at $17,970 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($14,050 per ton), while the average price for exports to Canada amounted to $8,568 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+24.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, imports of crustacean preparations; lobster, prepared or preserveds into China shrank rapidly to 3.4 tons, falling by -46.8% on 2021 figures. Over the period under review, imports showed a dramatic shrinkage.

In value terms, imports of crustacean preparations; lobster, prepared or preserveds reduced to $404K in 2022. Overall, imports showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 with an increase of 29%.

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

1. France (3.2 tons)
2. Vietnam (0.2 tons)

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

For the third consecutive year, China recorded decline in overseas shipments of crustacean preparations; lobster, prepared or preserveds, which decreased by 0% to 1.4 tons in 2022. In general, exports saw a dramatic descent. The smallest decline of -59.4% was in 2020.

In value terms, exports of crustacean preparations; lobster, prepared or preserveds stood at $15K in 2022. Over the period under review, exports continue to indicate a precipitous descent. The smallest decline of -59.7% was in 2020.

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

1. Canada (713.0 kg)
2. Taiwan (Chinese) (665.0 kg)

Source: IndexBox Market Intelligence Platform