Price for Crustacean Preparations; Lobster, Prepared or Preserved in the United States - 2023
Contents:
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in the United States (CIF) - 2023
- Price for Crustacean Preparations; Lobster, Prepared or Preserved in the United States (FOB) - 2023
- Imports of Crustacean Preparations; Lobster, Prepared or Preserved in the United States
- Exports of Crustacean Preparations; Lobster, Prepared or Preserved in the United States
Price for Crustacean Preparations; Lobster, Prepared or Preserved in the United States (CIF) - 2023
In December 2023, the average import price for crustacean preparations; lobster, prepared or preserveds amounted to $28,696 per ton, reducing by -17.8% against the previous month. In general, the import price saw a slight shrinkage. The pace of growth was the most pronounced in May 2023 an increase of 68% month-to-month. As a result, import price attained the peak level of $42,036 per ton. From June 2023 to December 2023, 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 Canada.
From December 2022 to December 2023, the rate of growth in terms of prices for Canada amounted to -1.4% per month.
Price for Crustacean Preparations; Lobster, Prepared or Preserved in the United States (FOB) - 2023
In December 2023, the average export price for crustacean preparations; lobster, prepared or preserveds amounted to $18,668 per ton, falling by -7.7% against the previous month. In general, the export price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 23% month-to-month. Over the period under review, the average export prices attained the maximum at $20,228 per ton in November 2023, and then dropped in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was French Polynesia ($29,018 per ton), while the average price for exports to South Korea ($14,505 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+6.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crustacean Preparations; Lobster, Prepared or Preserved in the United States
In 2022, the amount of crustacean preparations; lobster, prepared or preserveds imported into the United States declined markedly to 8.2K tons, waning by -29.6% on the previous year. In general, imports recorded a pronounced reduction. The growth pace was the most rapid in 2021 when imports increased by 65% against the previous year. As a result, imports attained the peak of 12K tons, and then reduced notably in the following year.
In value terms, imports of crustacean preparations; lobster, prepared or preserveds contracted notably to $334M in 2022. Overall, imports, however, saw a resilient expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 130%. As a result, imports reached the peak of $526M, and then dropped sharply in the following year.
| Import of Crustacean Preparations; Lobster, Prepared or Preserved in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 258 | 226 | 522 | 332 | 8.8% |
| Others | 5.0 | 2.2 | 3.9 | 1.9 | -27.6% |
| Total | 263 | 229 | 526 | 334 | 8.3% |
Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to the United States in 2022:
- Canada (8.1K tons)
Exports of Crustacean Preparations; Lobster, Prepared or Preserved in the United States
In 2022, the amount of crustacean preparations; lobster, prepared or preserveds exported from the United States dropped to 534 tons, with a decrease of -12.2% compared with the year before. Over the period under review, exports continue to indicate a abrupt downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 3.5% against the previous year.
In value terms, exports of crustacean preparations; lobster, prepared or preserveds contracted to $9M in 2022. Overall, exports saw a perceptible curtailment. The most prominent rate of growth was recorded in 2021 when exports increased by 37% against the previous year.
| Export of Crustacean Preparations; Lobster, Prepared or Preserved in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 3,982 | 4,497 | 7,841 | 5,986 | 14.6% |
| Belgium | N/A | N/A | N/A | 416 | 0% |
| Spain | 46.4 | N/A | 45.0 | 358 | 97.6% |
| China | 18.2 | 35.0 | 294 | 310 | 157.3% |
| United Kingdom | 792 | 12.4 | 117 | 261 | -30.9% |
| Singapore | 320 | 319 | 250 | 236 | -9.7% |
| Denmark | 308 | 54.9 | 418 | 230 | -9.3% |
| Bahamas | 114 | N/A | 20.3 | 171 | 14.5% |
| France | 1,116 | 1,548 | 85.2 | 125 | -51.8% |
| Italy | 26.1 | N/A | N/A | 113 | 63.0% |
| Japan | 1,484 | N/A | N/A | N/A | 0% |
| Others | 1,915 | 830 | 950 | 772 | -26.1% |
| Total | 10,120 | 7,296 | 10,021 | 8,978 | -3.9% |
Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from the United States in 2022:
- Canada (324.5 tons)
- Belgium (31.1 tons)
- Spain (25.9 tons)
- United Kingdom (22.6 tons)
- China (18.9 tons)
- Denmark (17.3 tons)
- Singapore (16.4 tons)
- Bahamas (11.5 tons)
- France (9.2 tons)
- Italy (8.2 tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in the U.S..
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in the U.S..
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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American imports of prepared or preserved crab meat show a sign of recovery this year. In the first seven months of 2021, the U.S. imported 17.5K tons of crab meat, which was +4.4% higher than the figures for the same period of 2020. In 2021, the average price for imported crab meat rose approximately by +22% compared to the previous year. Indonesia remains the largest supplier, providing nearly half of the total American import volume. Last year, the U.S. boosted purchases from Indonesia, while imports from Venezuela and China declined.
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American imports of prepared or preserved crab meat show a sign of recovery this year. In the first seven months of 2021, the U.S. imported 17.5K tons of crab meat, which was +4.4% higher than the figures for the same period of 2020. In 2021, the average price for imported crab meat rose approximately by +22% compared to the previous year. Indonesia remains the largest supplier, providing nearly half of the total American import volume. Last year, the U.S. boosted purchases from Indonesia, while imports from Venezuela and China declined.
