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

Contents:

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

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

The average import price for crustacean preparations; lobster, prepared or preserveds stood at $4,355 per ton in 2022, with an increase of 1.6% against the previous year. Over the period under review, the import price, however, showed a abrupt decline. The pace of growth appeared the most rapid in 2014 when the average import price increased by 49% against the previous year. The import price peaked at $8,369 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for France amounted to -1.0% per year.

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

The average export price for crustacean preparations; lobster, prepared or preserveds stood at $5,640 per ton in 2022, surging by 9.4% against the previous year. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 63% against the previous year. The export price peaked at $8,423 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Antigua and Barbuda ($6,083 per ton), while the average price for exports to Guinea-Bissau stood at $5,231 per ton.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Guinea-Bissau (+1.5%), while the prices for the other major destinations experienced a decline.

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

In 2022, overseas purchases of crustacean preparations; lobster, prepared or preserveds decreased by -71.5% to 2.4 tons, falling for the second year in a row after two years of growth. Overall, imports showed a sharp slump. The growth pace was the most rapid in 2020 when imports increased by 3.7% 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 dropped notably to $11K in 2022. Over the period under review, imports showed a sharp curtailment. The pace of growth appeared the most rapid in 2020 when imports increased by 29%. As a result, imports attained the peak of $44K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Spain (2.4 tons)

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

In 2022, overseas shipments of crustacean preparations; lobster, prepared or preserveds were finally on the rise to reach 25 kg after two years of decline. In general, exports, however, saw a sharp descent.

In value terms, exports of crustacean preparations; lobster, prepared or preserveds skyrocketed to $141 in 2022. Over the period under review, exports, however, showed a precipitous slump.

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

1. Guinea-Bissau (13.0 kg)
2. Antigua and Barbuda (12.0 kg)

Source: IndexBox Market Intelligence Platform