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

Contents:

1. Price for Crustacean Preparations; Lobster, Prepared or Preserved in France (CIF) - 2023
2. Price for Crustacean Preparations; Lobster, Prepared or Preserved in France (FOB) - 2022
3. Imports of Crustacean Preparations; Lobster, Prepared or Preserved in France
4. Exports of Crustacean Preparations; Lobster, Prepared or Preserved in France

Price for Crustacean Preparations; Lobster, Prepared or Preserved in France (CIF) - 2023

The average import price for crustacean preparations; lobster, prepared or preserveds stood at $11,315 per ton in October 2023, picking up by 229% against the previous month. In general, the import price posted strong growth. The pace of growth was the most pronounced in November 2022 an increase of 299% month-to-month. Over the period under review, average import prices hit record highs at $15,209 per ton in August 2023; however, from September 2023 to October 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was Canada ($14,940 per ton), while the price for Portugal ($6,520 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Belgium (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for crustacean preparations; lobster, prepared or preserveds stood at $8,625 per ton in 2022, picking up by 29% against the previous year. Overall, export price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% 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 +53.7% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($32,219 per ton), while the average price for exports to Denmark ($2,265 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 (+16.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth year in a row, France recorded growth in overseas purchases of crustacean preparations; lobster, prepared or preserveds, which increased by 20% to 264 tons in 2022. In general, imports recorded a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 44% against the previous year. Imports peaked in 2022 and are likely to continue growth in years to come.

In value terms, imports of crustacean preparations; lobster, prepared or preserveds surged to $4.2M in 2022. Over the period under review, imports enjoyed significant growth. The pace of growth appeared the most rapid in 2021 when imports increased by 52%. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Belgium (120.3 tons)
2. Canada (81.5 tons)
3. Netherlands (29.9 tons)
4. Ireland (23.4 tons)
5. Denmark (4.6 tons)
6. Spain (1.6 tons)
7. United States (0.7 tons)

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

After three years of growth, overseas shipments of crustacean preparations; lobster, prepared or preserveds decreased by -52.1% to 90 tons in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 19%.

In value terms, exports of crustacean preparations; lobster, prepared or preserveds plummeted to $776K in 2022. Overall, exports continue to indicate a perceptible setback. The pace of growth was the most pronounced in 2021 with an increase of 37%. As a result, the exports reached the peak of $1.3M, and then dropped rapidly in the following year.

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

1. Germany (35.1 tons)
2. Spain (16.3 tons)
3. Belgium (11.5 tons)
4. Denmark (8.3 tons)
5. Japan (4.6 tons)
6. United Kingdom (2.6 tons)
7. Portugal (1.8 tons)

Source: IndexBox Market Intelligence Platform