Price for Crustacean Preparations; Lobster, Prepared or Preserved in India - 2023
Contents:
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in India (FOB) - 2023
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in India (CIF) - 2022
- Exports of Crustacean Preparations; Lobster, Prepared or Preserved in India
- Imports of Crustacean Preparations; Lobster, Prepared or Preserved in India
Price for Crustacean Preparations; Lobster, Prepared or Preserved in India (FOB) - 2023
The average export price for crustacean preparations; lobster, prepared or preserveds stood at $17,059 per ton in August 2023, leveling off at the previous month. Over the period under review, the export price continues to indicate a noticeable descent. The most prominent rate of growth was recorded in February 2023 when the average export price increased by 2.9% m-o-m. The export price peaked at $20,946 per ton in October 2022; however, from November 2022 to August 2023, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for Taiwan (Chinese).
From October 2022 to August 2023, the rate of growth in terms of prices for Japan amounted to -1.5% per month.
Price for Crustacean Preparations; Lobster, Prepared or Preserved in India (CIF) - 2022
In 2022, the average import price for crustacean preparations; lobster, prepared or preserveds amounted to $12,809 per ton, standing approx. at the previous year. In general, the import price, however, posted a prominent increase. The pace of growth was the most pronounced in 2017 when the average import price increased by 31%. As a result, import price reached the peak level of $13,345 per ton. From 2018 to 2022, the average import prices remained at a lower figure.
As there is only one major supplying country, 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 the United States amounted to +6.3% per year.
Exports of Crustacean Preparations; Lobster, Prepared or Preserved in India
In 2022, approx. 74 tons of crustacean preparations; lobster, prepared or preserveds were exported from India; jumping by 124% on the previous year. Over the period under review, exports recorded a perceptible increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of crustacean preparations; lobster, prepared or preserveds surged to $1.5M in 2022. In general, exports showed a buoyant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Crustacean Preparations; Lobster, Prepared or Preserved in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 456 | 145 | 190 | 1,245 | 39.8% |
| Taiwan (Chinese) | 187 | 39.4 | 65.7 | 254 | 10.7% |
| Vietnam | 70.8 | 44.9 | 39.5 | N/A | -25.3% |
| France | 159 | 110 | 106 | N/A | -18.4% |
| Others | 200 | 110 | 106 | 1.6 | -80.0% |
| Total | 1,073 | 450 | 506 | 1,500 | 11.8% |
Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from India in 2022:
- Japan (61.7 tons)
- Taiwan (Chinese) (11.9 tons)
Imports of Crustacean Preparations; Lobster, Prepared or Preserved in India
For the third consecutive year, India recorded decline in overseas purchases of crustacean preparations; lobster, prepared or preserveds, which decreased by -10.4% to 173 kg in 2022. Over the period under review, imports faced a deep slump. The smallest decline of -9.8% was in 2021.
In value terms, imports of crustacean preparations; lobster, prepared or preserveds contracted to $2.2K in 2022. Overall, imports recorded a abrupt shrinkage. The smallest decline of -10.9% was in 2021.
| Import of Crustacean Preparations; Lobster, Prepared or Preserved in India (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 3.1 | N/A | 2.5 | 2.2 | -10.8% |
| Canada | N/A | 2.8 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 3.1 | 2.8 | 2.5 | 2.2 | -10.8% |
Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to India in 2022:
- United States (173.0 kg)
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