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

Contents:

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

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

The average export price for crustacean preparations; lobster, prepared or preserveds stood at $18,928 per ton in 2022, flattening at the previous year. Overall, the export price recorded a resilient increase. The most prominent rate of growth was recorded in 2021 a decrease of 99.9% against the previous year. The export price peaked in 2022 and is expected to retain growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2020 to 2022, the rate of growth in terms of prices for the United States amounted to 0.0% per year.

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

The average import price for crustacean preparations; lobster, prepared or preserveds stood at $55,279 per ton in 2022, picking up by 2.6% against the previous year. Overall, the import price showed strong growth. The most prominent rate of growth was recorded in 2020 an increase of 142%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United Arab Emirates ($101,179 per ton), while the price for the United States stood at $5,677 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+21.0%).

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

Exports of crustacean preparations; lobster, prepared or preserveds from Egypt stood at 952 kg in 2022, therefore, remained relatively stable against 2021 figures. In general, exports posted a significant increase. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are likely to continue growth in the near future.

In value terms, exports of crustacean preparations; lobster, prepared or preserveds stood at $18K in 2022. Overall, exports continue to indicate a significant expansion. The smallest decline of 99.9% was in 2021. The exports peaked in 2022 and are expected to retain growth in years to come.

Export of Crustacean Preparations; Lobster, Prepared or Preserved in Egypt (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
United StatesN/AN/A18.00%
Jordan3.1N/AN/A0%
OthersN/AN/AN/A0%
Total3.1N/A18.0141.0%

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

  1. United States (952.0 kg)

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

In 2022, approx. 129 kg of crustacean preparations; lobster, prepared or preserveds were imported into Egypt; which is down by -20.4% on 2021. Overall, imports recorded a sharp setback.

In value terms, imports of crustacean preparations; lobster, prepared or preserveds contracted notably to $7.1K in 2022. In general, imports showed a significant decline.

Import of Crustacean Preparations; Lobster, Prepared or Preserved in Egypt (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Arab Emirates23.78.28.16.8-34.0%
United States3.40.80.60.4-51.0%
OthersN/A1.6N/AN/A0%
Total27.110.78.77.1-36.0%

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

  1. United Arab Emirates (67.0 kg)
  2. United States (62.0 kg)

Source: IndexBox Market Intelligence Platform

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