Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in Azerbaijan - 2023

Contents:

  1. Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Azerbaijan (CIF) - 2022
  2. Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Azerbaijan

Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Azerbaijan (CIF) - 2022

In 2022, the average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $5,400 per ton, with an increase of 3.7% against the previous year. In general, the import price saw a significant increase. The pace of growth appeared the most rapid in 2016 when the average import price increased by 412% against the previous year. The import price peaked at $7,669 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

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 Luxembourg ($26,500 per ton), while the price for Belarus ($4,043 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United Arab Emirates (+34.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Azerbaijan

In 2022, overseas purchases of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s were finally on the rise to reach 1.7 tons after two years of decline. Overall, total imports indicated a strong increase from 2019 to 2022: its volume increased at an average annual rate of +9.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s skyrocketed to $9.4K in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Azerbaijan (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
SpainN/AN/AN/A3.40%
Belarus4.62.22.83.3-10.5%
GreenlandN/AN/AN/A1.70%
United Arab EmiratesN/AN/AN/A0.60%
Russia0.7N/AN/AN/A0%
ChinaN/A6.32.5N/A-60.3%
OthersN/AN/AN/A0.30%
Total5.38.55.49.421.0%

Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to Azerbaijan in 2022:

  1. Belarus (814.0 kg)
  2. Spain (572.0 kg)
  3. Greenland (300.0 kg)
  4. United Arab Emirates (39.0 kg)

Source: IndexBox Market Intelligence Platform

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