Price for Crustacean Preparations; Lobster, Prepared or Preserved in Tanzania - 2022

Contents:

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

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

The average import price for crustacean preparations; lobster, prepared or preserveds stood at $1,588 per ton in 2022, increasing by 78% against the previous year. In general, the import price, however, showed a deep reduction. Over the period under review, average import prices hit record highs at $4,810 per ton in 2013; however, from 2014 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 China.

From 2012 to 2022, the rate of growth in terms of prices for Mozambique amounted to +12.3% per year.

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

The average export price for crustacean preparations; lobster, prepared or preserveds stood at $9,488 per ton in 2022, with an increase of 1.5% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +6.4% 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 +11.1% against 2018 indices. The most prominent rate of growth was recorded in 2015 an increase of 54%. The export price peaked at $11,123 per ton in 2017; however, from 2018 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was China ($13,008 per ton), while the average price for exports to the United Arab Emirates ($2,605 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 Hong Kong SAR (+8.3%), while the prices for the other major destinations experienced mixed trend patterns.

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

In 2022, approx. 948 kg of crustacean preparations; lobster, prepared or preserveds were imported into Tanzania; growing by 112% against 2021 figures. In general, imports recorded significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 253%. Over the period under review, imports of hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, imports of crustacean preparations; lobster, prepared or preserveds skyrocketed to $1.5K in 2022. Over the period under review, imports enjoyed a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. China (948.0 kg)

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

Exports of crustacean preparations; lobster, prepared or preserveds from Tanzania rose slightly to 17 tons in 2022, surging by 1.8% compared with the year before. The total export volume increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 1.8%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to see steady growth in years to come.

In value terms, exports of crustacean preparations; lobster, prepared or preserveds rose slightly to $157K in 2022. The total export value increased at an average annual rate of +3.3% from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 when exports increased by 3.3%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. China (9.8 tons)
2. United Arab Emirates (5.3 tons)
3. Hong Kong SAR (1.5 tons)

Source: IndexBox Market Intelligence Platform