Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in the United States - 2023
Contents:
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the United States (CIF) - 2023
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the United States (FOB) - 2022
- Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the United States
- Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the United States
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the United States (CIF) - 2023
In December 2023, the average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $5,810 per ton, falling by -17.2% against the previous month. In general, the import price continues to indicate a noticeable shrinkage. The most prominent rate of growth was recorded in February 2023 when the average import price increased by 19% month-to-month. Over the period under review, average import prices attained the maximum at $9,200 per ton in December 2022; however, from January 2023 to December 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Chile ($24,624 per ton), while the price for Ghana ($2,499 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Ghana (+3.9%), 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 the United States (FOB) - 2022
In 2022, the average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $8,549 per ton, shrinking by -35.5% against the previous year. Overall, the export price, however, continues to indicate a temperate expansion. The pace of growth appeared the most rapid in 2021 an increase of 66% against the previous year. The export price peaked at $16,629 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Cayman Islands ($21,998 per ton), while the average price for exports to the Dominican Republic ($5,662 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 Vietnam (+33.9%), 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 the United States
After two years of decline, supplies from abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s increased by 47% to 17K tons in 2022. Overall, imports, however, recorded a slight shrinkage.
In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s soared to $119M in 2022. Over the period under review, imports, however, saw a pronounced setback.
| Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 37.2 | 30.7 | 22.6 | 64.8 | 20.3% |
| Chile | 19.2 | 21.9 | 22.2 | 29.7 | 15.7% |
| China | 53.5 | 16.4 | 15.1 | 12.4 | -38.6% |
| Spain | 5.9 | 2.0 | 3.9 | 3.6 | -15.2% |
| Canada | 3.5 | 2.9 | 4.1 | 3.4 | -1.0% |
| France | 2.0 | 2.6 | 2.5 | 2.2 | 3.2% |
| Others | 5.6 | 3.6 | 9.4 | 2.9 | -19.7% |
| Total | 127 | 80.1 | 79.8 | 119 | -2.1% |
Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to the United States in 2022:
- Egypt (11.0K tons)
- China (3.2K tons)
- Chile (1.2K tons)
- Spain (0.7K tons)
- France (0.4K tons)
- Canada (0.3K tons)
Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the United States
After two years of decline, overseas shipments of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s increased by 147% to 153 tons in 2022. Overall, exports saw a buoyant expansion. 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 $1.3M in 2022. In general, exports continue to indicate a relatively flat trend pattern. As a result, the exports reached 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 the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | N/A | N/A | N/A | 877 | 0% |
| Mexico | N/A | 174 | 682 | 278 | 26.4% |
| Cayman Islands | 39.3 | 16.3 | N/A | 51.7 | 9.6% |
| Canada | 113 | 226 | 76.1 | 33.6 | -33.3% |
| Dominican Republic | N/A | 24.9 | N/A | 14.6 | -23.4% |
| China | 402 | 154 | 11.0 | N/A | -83.5% |
| Vietnam | 353 | N/A | N/A | N/A | 0% |
| Panama | 79.9 | 18.7 | 3.6 | N/A | -78.8% |
| Taiwan (Chinese) | 100 | N/A | N/A | N/A | 0% |
| Others | 187 | 12.6 | 49.0 | 53.3 | -34.2% |
| Total | 1,274 | 627 | 821 | 1,308 | 0.9% |
Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from the United States in 2022:
- South Korea (112.0 tons)
- Mexico (28.0 tons)
- Canada (4.8 tons)
- Dominican Republic (2.6 tons)
- Cayman Islands (2.3 tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in the U.S..
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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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This report provides an in-depth analysis of the market for prepared or preserved crab meat in the U.S..
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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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American imports of prepared or preserved crab meat show a sign of recovery this year. In the first seven months of 2021, the U.S. imported 17.5K tons of crab meat, which was +4.4% higher than the figures for the same period of 2020. In 2021, the average price for imported crab meat rose approximately by +22% compared to the previous year. Indonesia remains the largest supplier, providing nearly half of the total American import volume. Last year, the U.S. boosted purchases from Indonesia, while imports from Venezuela and China declined.
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American imports of prepared or preserved crab meat show a sign of recovery this year. In the first seven months of 2021, the U.S. imported 17.5K tons of crab meat, which was +4.4% higher than the figures for the same period of 2020. In 2021, the average price for imported crab meat rose approximately by +22% compared to the previous year. Indonesia remains the largest supplier, providing nearly half of the total American import volume. Last year, the U.S. boosted purchases from Indonesia, while imports from Venezuela and China declined.
