Price for Crustacean Preparations; Lobster, Prepared or Preserved in New Zealand - 2024

Contents:

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

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

The average import price for crustacean preparations; lobster, prepared or preserveds stood at $12,186 per ton in 2022, declining by -3.6% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 when the average import price increased by 153%. As a result, import price reached the peak level of $12,866 per ton. From 2016 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Australia ($65,105 per ton), while the price for Thailand ($3,467 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for crustacean preparations; lobster, prepared or preserveds amounted to $7,056 per ton, stabilizing at the previous year. In general, the export price faced a sharp shrinkage. The pace of growth appeared the most rapid in 2021 an increase of 36% against the previous year. The export price peaked at $65,313 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Vanuatu ($7,250 per ton), while the average price for exports to Samoa totaled $6,900 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Tonga (+3.1%), while the prices for the other major destinations experienced a decline.

Imports of Crustacean Preparations; Lobster, Prepared or Preserved in New Zealand

Imports of crustacean preparations; lobster, prepared or preserveds into New Zealand totaled 8.5 tons in 2022, growing by 6.7% against the year before. In general, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.3% 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 decreased by -18.4% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 74% against the previous year. As a result, imports attained the peak of 10 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of crustacean preparations; lobster, prepared or preserveds expanded modestly to $104K in 2022. Over the period under review, imports enjoyed a significant increase. The growth pace was the most rapid in 2020 with an increase of 118% against the previous year. Imports peaked in 2022 and are likely to see steady growth in years to come.

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

1. China (4.5 tons)
2. Thailand (3.1 tons)
3. Japan (0.5 tons)
4. Malaysia (0.3 tons)
5. Australia (0.2 tons)

Exports of Crustacean Preparations; Lobster, Prepared or Preserved in New Zealand

In 2022, after three years of growth, there was significant decline in shipments abroad of crustacean preparations; lobster, prepared or preserveds, when their volume decreased by -95.7% to 54 kg. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by 900% against the previous year.

In value terms, exports of crustacean preparations; lobster, prepared or preserveds plummeted to $381 in 2022. Over the period under review, exports, however, posted a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 709% against the previous year.

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

1. Samoa (30.0 kg)
2. Vanuatu (24.0 kg)

Source: IndexBox Market Intelligence Platform