Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in Japan - 2023
Contents:
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Japan (CIF) - 2022
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Japan (FOB) - 2023
- Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Japan
- Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Japan
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Japan (CIF) - 2022
The average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $16,076 per ton in 2022, picking up by 4.4% against the previous year. Over the last decade, it increased at an average annual rate of +2.6%. The most prominent rate of growth was recorded in 2018 an increase of 28%. As a result, import price attained the peak level of $18,649 per ton. From 2019 to 2022, the average import prices remained at a somewhat 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 Chile ($33,061 per ton), while the price for the Philippines ($6,046 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Chile (+5.4%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Japan (FOB) - 2023
In November 2023, the average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $18,341 per ton, falling by -8.6% against the previous month. Overall, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in December 2022 an increase of 13% month-to-month. Over the period under review, the average export prices reached the maximum at $21,793 per ton in March 2023; however, from April 2023 to November 2023, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In November 2023, the countries with the highest prices were Hong Kong SAR ($19,712 per ton) and the United States ($19,573 per ton), while the average price for exports to Taiwan (Chinese) ($14,044 per ton) and Singapore ($18,905 per ton) were amongst the lowest.
From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United States (-0.3%), while the prices for the other major destinations experienced a decline.
Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Japan
In 2022, after three years of growth, there was significant decline in supplies from abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s, when their volume decreased by -47.6% to 247 tons. Overall, imports, however, recorded resilient growth. The pace of growth appeared the most rapid in 2021 with an increase of 106%. As a result, imports attained the peak of 472 tons, and then shrank markedly in the following year.
In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s contracted remarkably to $4M in 2022. In general, imports, however, enjoyed a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by 124%. As a result, imports reached the peak of $7.3M, and then dropped sharply in the following year.
| Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 3.1 | 3.1 | 7.2 | 3.8 | 7.0% |
| Philippines | N/A | 0.1 | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 3.3 | 3.2 | 7.3 | 4.0 | 6.6% |
Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to Japan in 2022:
- China (236.9 tons)
- Philippines (5.2 tons)
Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Japan
In 2022, shipments abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -59.7% to 179 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports continue to indicate a pronounced shrinkage. The growth pace was the most rapid in 2021 with an increase of 111% against the previous year. As a result, the exports attained the peak of 445 tons, and then dropped rapidly in the following year.
In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s dropped dramatically to $3.3M in 2022. Over the period under review, exports faced a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 101%. As a result, the exports reached the peak of $9.9M, and then declined rapidly in the following year.
| Export of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Japan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.2 | 3.5 | 8.1 | 1.6 | -27.5% |
| Singapore | 0.3 | 0.5 | 1.1 | 0.8 | 38.7% |
| Taiwan (Chinese) | 0.3 | 0.6 | 0.5 | 0.7 | 32.6% |
| Hong Kong SAR | 0.1 | 0.2 | 0.2 | N/A | 41.4% |
| Others | N/A | 0.1 | 0.1 | 0.1 | 0.0% |
| Total | 5.0 | 4.9 | 9.9 | 3.3 | -12.9% |
Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from Japan in 2022:
- United States (83.2 tons)
- Singapore (45.0 tons)
- Taiwan (Chinese) (43.4 tons)
- Hong Kong SAR (1.9 tons)
288
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Japan.
514
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
288
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Japan.
514
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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