Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Colombia - 2022

Contents:

1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Colombia (CIF) - 2022
2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Colombia (FOB) - 2022
3. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Colombia
4. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Colombia

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Colombia (CIF) - 2022

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $10,772 per ton in 2022, surging by 15% against the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 an increase of 26%. As a result, import price reached the peak level of $14,423 per ton. From 2015 to 2022, the average import prices failed to regain momentum.

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 China ($12,325 per ton), while the price for Spain ($7,290 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+7.1%), while the prices for the other major suppliers experienced a decline.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Colombia (FOB) - 2022

In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $10,255 per ton, falling by -6.3% against the previous year. Over the period under review, the export price continues to indicate a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average export price increased by 33%. Over the period under review, the average export prices reached the peak figure at $17,706 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Mauritius ($12,276 per ton), while the average price for exports to the Czech Republic totaled $9,354 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Czech Republic (+25.1%).

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Colombia

In 2022, after three years of growth, there was significant decline in overseas purchases of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, when their volume decreased by -35.4% to 25 tons. Over the period under review, total imports indicated a pronounced increase from 2019 to 2022: its volume increased at an average annual rate of +2.2% over the last three-year period. 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 43% against the previous year. As a result, imports attained the peak of 39 tons, and then fell significantly in the following year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses fell dramatically to $269K in 2022. In general, total imports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +21.4% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 37% against the previous year. As a result, imports reached the peak of $362K, and then fell markedly in the following year.

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to Colombia in 2022:

1. China (13.3 tons)
2. United States (7.6 tons)
3. Vietnam (2.6 tons)
4. Spain (1.0 tons)
5. Ecuador (0.5 tons)

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Colombia

After two years of decline, overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses increased by 12% to 94 kg in 2022. Overall, exports, however, continue to indicate a dramatic curtailment.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $964 in 2022. Over the period under review, exports, however, showed a sharp contraction.

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from Colombia in 2022:

1. Czech Republic (65.0 kg)
2. Mauritius (29.0 kg)

Source: IndexBox Market Intelligence Platform