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

Contents:

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

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

In July 2023, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $9,463 per ton, remaining relatively unchanged against the previous month. Over the period under review, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 an increase of 7.4% against the previous month. As a result, the export price reached the peak level of $10,114 per ton. From April 2023 to July 2023, the the average export prices remained at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Canada ($11,133 per ton), while the average price for exports to Russia ($6,747 per ton) was amongst the lowest.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+2.7%), while the prices for the other major destinations experienced mixed trend patterns.

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

In July 2023, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $11,851 per ton, standing approximately at the previous month. Over the period under review, the import price, however, continues to indicate a buoyant expansion. The pace of growth was the most pronounced in March 2023 when the average import price increased by 107% m-o-m. Over the period under review, average import prices attained the maximum at $13,016 per ton in May 2023; however, from June 2023 to July 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In July 2023, the country with the highest price was Canada ($13,209 per ton), while the price for the United States totaled $10,177 per ton.

From November 2022 to July 2023, the most notable rate of growth in terms of prices was attained by the United States (+16.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

For the fourth year in a row, India recorded growth in overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, which increased by 33% to 61K tons in 2022. In general, exports saw a significant expansion. The growth pace was the most rapid in 2020 when exports increased by 46%. Over the period under review, the exports of attained the maximum in 2022 and are likely to continue growth in years to come.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses surged to $630M in 2022. Over the period under review, exports saw significant growth. The pace of growth was the most pronounced in 2020 with an increase of 49%. Over the period under review, the exports of attained the peak figure in 2022 and are expected to retain growth in years to come.

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

1. United States (52.2K tons)
2. Canada (4.5K tons)

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

After three years of growth, overseas purchases of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -78.4% to 157 tons in 2022. Over the period under review, imports, however, posted a strong increase. The most prominent rate of growth was recorded in 2021 when imports increased by 656%. As a result, imports attained the peak of 727 tons, and then fell notably in the following year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses reduced notably to $1.6M in 2022. In general, imports, however, posted significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 970% against the previous year. As a result, imports attained the peak of $8.4M, and then contracted sharply in the following year.

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

1. United States (132.0 tons)
2. Israel (10.0 tons)

Source: IndexBox Market Intelligence Platform