Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in Singapore - 2022
Contents:
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore (CIF) - 2022
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore (FOB) - 2022
- Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore
- Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore (CIF) - 2022
The average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $12,260 per ton in 2022, growing by 3.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 42% against the previous year. The import price peaked at $13,931 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($20,239 per ton), while the price for Malaysia ($8,614 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.5%), 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 Singapore (FOB) - 2022
In 2022, the average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $7,117 per ton, waning by -44.2% against the previous year. Overall, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2018 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs at $21,049 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($7,059 per ton), while the average price for exports to Malaysia ($6,158 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 South Korea (+2.7%), 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 Singapore
In 2022, approx. 91 tons of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s were imported into Singapore; jumping by 104% on the previous year's figure. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 285% against the previous year. As a result, imports reached the peak of 97 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 $1.1M in 2022. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 275% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
| Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 133 | 613 | 270 | 951 | 92.7% |
| Japan | 40.6 | 66.9 | 107 | 94.9 | 32.7% |
| Taiwan (Chinese) | 34.4 | 49.3 | 59.0 | 57.1 | 18.4% |
| Indonesia | N/A | 50.0 | 83.3 | 5.9 | -65.6% |
| Others | 7.3 | 26.9 | 7.7 | 8.6 | 5.6% |
| Total | 215 | 806 | 528 | 1,117 | 73.2% |
Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to Singapore in 2022:
- China (81.8 tons)
- Japan (4.7 tons)
- Taiwan (Chinese) (3.8 tons)
- Indonesia (0.4 tons)
Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore
After two years of decline, shipments abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s increased by 1,497% to 4.2 tons in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s surged to $30K in 2022. Overall, exports posted a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 2.7 | 6.5 | 0.9 | 18.3 | 89.2% |
| Timor-Leste | N/A | N/A | N/A | 5.6 | 0% |
| Brunei Darussalam | N/A | 0.1 | N/A | 2.6 | 409.9% |
| Indonesia | N/A | 1.6 | N/A | N/A | 0% |
| United Arab Emirates | 3.3 | N/A | 2.1 | N/A | -20.2% |
| Australia | 10.3 | N/A | N/A | N/A | 0% |
| Others | 1.6 | 0.8 | 0.4 | 3.0 | 23.3% |
| Total | 17.8 | 9.0 | 3.3 | 29.5 | 18.3% |
Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from Singapore in 2022:
- Malaysia (3.0 tons)
- Timor-Leste (0.8 tons)
- Brunei Darussalam (0.4 tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in Singapore.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
327
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Singapore.
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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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