Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in Australia - 2024
Contents:
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Australia (CIF) - 2022
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Australia (FOB) - 2022
- Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Australia
- Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Australia
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Australia (CIF) - 2022
In 2022, the average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $8,864 per ton, picking up by 34% against the previous year. Over the period under review, import price indicated a resilient expansion from 2012 to 2022: its price increased at an average annual rate of +10.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2014 an increase of 78%. The import price peaked in 2022 and is expected to retain growth in years to come.
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 China ($9,426 per ton), while the price for the Philippines ($4,416 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+7.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Australia (FOB) - 2022
The average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $28,585 per ton in 2022, increasing by 86% against the previous year. Overall, the export price saw a tangible expansion. Over the period under review, the average export prices reached the maximum at $32,167 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was New Zealand ($76,600 per ton), while the average price for exports to Papua New Guinea ($19,300 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 New Zealand (+56.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Australia
In 2022, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s into Australia surged to 171 tons, growing by 107% compared with the previous year. In general, imports continue to indicate a prominent increase. The most prominent rate of growth was recorded in 2020 when imports increased by 173% against the previous year. As a result, imports reached the peak of 287 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s surged to $1.5M in 2022. Over the period under review, imports showed a significant increase.
| Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 773 | 2,109 | 418 | 1,352 | 20.5% |
| Vietnam | 25.5 | N/A | N/A | 86.4 | 50.2% |
| South Korea | 39.2 | 43.0 | 67.0 | 59.4 | 14.9% |
| Philippines | 11.7 | 17.3 | 21.7 | 14.5 | 7.4% |
| Others | 20.4 | 28.0 | 40.9 | 6.2 | -32.8% |
| Total | 869 | 2,198 | 547 | 1,519 | 20.5% |
Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to Australia in 2022:
- China (143.4 tons)
- South Korea (13.3 tons)
- Vietnam (10.5 tons)
- Philippines (3.3 tons)
Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Australia
In 2022, shipments abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -42.7% to 82 kg for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports continue to indicate a precipitous descent.
In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s rose sharply to $2.3K in 2022. In general, exports recorded a significant decline.
| Export of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Australia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 6.5 | N/A | 2.0 | 1.2 | -43.1% |
| New Zealand | 7.4 | N/A | N/A | 0.8 | -52.4% |
| Papua New Guinea | N/A | N/A | N/A | 0.4 | 0% |
| Others | N/A | N/A | 0.2 | N/A | 0% |
| Total | 13.9 | N/A | 2.2 | 2.3 | -45.1% |
Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from Australia in 2022:
- Singapore (52.0 kg)
- Papua New Guinea (20.0 kg)
- New Zealand (10.0 kg)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in Australia.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
340
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Australia.
513
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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