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

Contents:

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

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

The average import price for crustacean preparations; lobster, prepared or preserveds stood at $8,574 per ton in October 2023, with an increase of 71% against the previous month. Overall, the import price, however, recorded a noticeable downturn. The pace of growth was the most pronounced in June 2023 an increase of 471% month-to-month. As a result, import price attained the peak level of $16,789 per ton. From July 2023 to October 2023, the average import prices remained 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 Denmark ($85,538 per ton), while the price for France ($6,465 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 Denmark (+15.3%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for crustacean preparations; lobster, prepared or preserveds amounted to $22,216 per ton, increasing by 71% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the average export prices reached the peak figure at $22,755 per ton in 2016; however, from 2017 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($39,667 per ton), while the average price for exports to Germany ($11,250 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 Austria (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

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 -15.3% to 604 tons. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +14.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +50.1% against 2019 indices. The growth pace was the most rapid in 2020 when imports increased by 41%.

In value terms, imports of crustacean preparations; lobster, prepared or preserveds fell markedly to $3.2M in 2022. In general, imports, however, posted significant growth. The pace of growth was the most pronounced in 2021 with an increase of 100%. As a result, imports reached the peak of $5.7M, and then declined notably in the following year.

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

1. France (412.0 tons)
2. Belgium (59.2 tons)
3. Spain (54.4 tons)
4. Canada (36.5 tons)
5. Denmark (31.1 tons)

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

In 2022, shipments abroad of crustacean preparations; lobster, prepared or preserveds decreased by -68.8% to 579 kg, falling for the second consecutive year after two years of growth. Overall, exports faced a sharp setback. The pace of growth appeared the most rapid in 2020 with an increase of 764% against the previous year. As a result, the exports attained the peak of 16 tons. From 2021 to 2022, the growth of the exports of remained at a somewhat lower figure.

In value terms, exports of crustacean preparations; lobster, prepared or preserveds dropped sharply to $13K in 2022. Over the period under review, exports faced a sharp reduction. The most prominent rate of growth was recorded in 2020 with an increase of 926%. As a result, the exports reached the peak of $268K. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. France (277.0 kg)
2. Romania (149.0 kg)
3. Croatia (50.0 kg)
4. Hungary (41.0 kg)
5. Austria (30.0 kg)
6. Germany (20.0 kg)
7. Luxembourg (11.0 kg)

Source: IndexBox Market Intelligence Platform