Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Estonia - 2023

Contents:

1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Estonia (CIF) - 2023
2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Estonia (FOB) - 2023
3. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Estonia
4. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Estonia

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Estonia (CIF) - 2023

In September 2023, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $7,961 per ton, which is down by -40.5% against the previous month. Over the period under review, the import price recorded a abrupt descent. The growth pace was the most rapid in July 2023 an increase of 16% month-to-month. As a result, import price reached the peak level of $16,846 per ton. From August 2023 to September 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Latvia ($12,450 per ton), while the price for Sweden ($7,656 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Sweden (+7.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Estonia (FOB) - 2023

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $22,413 per ton in September 2023, therefore, remained relatively stable against the previous month. In general, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in April 2023 when the average export price increased by 7.3% m-o-m. The export price peaked at $22,730 per ton in July 2023; however, from August 2023 to September 2023, the export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In September 2023, the country with the highest price was Latvia ($23,154 per ton), while the average price for exports to Norway totaled $22,400 per ton.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Norway (+0.4%), while the prices for the other major destinations experienced mixed trend patterns.

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

After three years of growth, supplies from abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -5% to 835 tons in 2022. The total import volume increased at an average annual rate of +1.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 4.6%. As a result, imports attained the peak of 879 tons, and then reduced modestly in the following year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses dropped to $11M in 2022. Overall, imports saw a slight curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 5.7% against the previous year.

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

1. Albania (718.7 tons)
2. Lithuania (38.9 tons)
3. Latvia (20.4 tons)
4. Netherlands (19.2 tons)
5. Ukraine (18.1 tons)

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

In 2022, overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -82% to 161 tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports showed a sharp reduction. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses declined rapidly to $3.2M in 2022. Over the period under review, exports saw a sharp slump. The pace of growth was the most pronounced in 2020 with an increase of 11% against the previous year.

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

1. Norway (116.8 tons)
2. Sweden (33.8 tons)
3. Latvia (6.8 tons)
4. Finland (2.7 tons)

Source: IndexBox Market Intelligence Platform