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

Contents:

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

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

The average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $6,251 per ton in 2022, flattening at the previous year. In general, the export price recorded a noticeable contraction. The growth pace was the most rapid in 2020 when the average export price increased by 18% against the previous year. The export price peaked at $9,211 per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the Czech Republic ($12,122 per ton), while the average price for exports to Belarus ($3,671 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 the Czech Republic (+6.9%), while the prices for the other major destinations experienced a decline.

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

The average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $6,200 per ton in 2022, rising by 28% against the previous year. Overall, the import price, however, saw a abrupt decrease. Over the period under review, average import prices hit record highs at $12,613 per ton in 2014; however, from 2015 to 2022, import prices stood 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 Denmark ($8,578 per ton), while the price for Belarus ($3,799 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+15.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, after three years of growth, there was significant decline in shipments abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s, when their volume decreased by -40.4% to 27 tons. Overall, total exports indicated a slight expansion from 2019 to 2022: its volume increased at an average annual rate of +1.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 54%. As a result, the exports attained the peak of 46 tons, and then plummeted in the following year.

In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s plummeted to $171K in 2022. In general, exports, however, saw a notable increase. The most prominent rate of growth was recorded in 2021 when exports increased by 46% against the previous year. As a result, the exports reached the peak of $289K, and then fell notably in the following year.

Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from Lithuania in 2022:

1. Latvia (7.4 tons)
2. Germany (6.2 tons)
3. Poland (6.1 tons)
4. Estonia (5.1 tons)
5. Belarus (2.0 tons)
6. Czech Republic (0.5 tons)

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

In 2022, purchases abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -58.2% to 20 tons, falling for the second consecutive year after two years of growth. In general, imports faced a precipitous descent. The growth pace was the most rapid in 2020 with an increase of 18% against the previous year. As a result, imports attained the peak of 52 tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s shrank dramatically to $127K in 2022. Overall, imports recorded a abrupt slump. The most prominent rate of growth was recorded in 2020 when imports increased by 18%. As a result, imports reached the peak of $260K. From 2021 to 2022, the growth of imports of failed to regain momentum.

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

1. Latvia (6.0 tons)
2. Spain (6.0 tons)
3. Belarus (4.5 tons)
4. Denmark (2.4 tons)
5. Netherlands (1.5 tons)

Source: IndexBox Market Intelligence Platform