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

Contents:

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

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

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $10,498 per ton in September 2023, picking up by 5.9% against the previous month. Over the period under review, the import price, however, showed a pronounced contraction. Over the period under review, average import prices attained the peak figure at $13,254 per ton in December 2022; however, from January 2023 to September 2023, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In September 2023, the country with the highest price was Ecuador ($11,718 per ton), while the price for Vietnam amounted to $10,012 per ton.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+1.2%), 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 Italy (FOB) - 2023

In September 2023, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $19,681 per ton, surging by 29% against the previous month. Overall, export price indicated a notable increase from December 2022 to September 2023: its price increased at an average monthly rate of +4.5% over the last nine months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on September 2023 figures, export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses increased by +29.4% against August 2023 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was the United Arab Emirates ($49,125 per ton), while the average price for exports to Uzbekistan ($8,773 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to the Netherlands (+17.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

For the fourth consecutive year, Italy recorded growth in purchases abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, which increased by 8.3% to 2.4K tons in 2022. In general, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +19.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +71.6% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 36% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $31M in 2022. Overall, total imports indicated a significant increase from 2019 to 2022: its value increased at an average annual rate of +21.3% 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 +78.5% against 2019 indices. The most prominent rate of growth was recorded in 2020 when imports increased by 38% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Denmark (682.7 tons)
2. Germany (472.0 tons)
3. Netherlands (459.0 tons)
4. Spain (234.0 tons)
5. France (174.8 tons)
6. Vietnam (142.2 tons)
7. Thailand (92.0 tons)

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

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses exported from Italy stood at 156 tons, increasing by 2.3% on the year before. In general, exports continue to indicate a strong increase. The pace of growth was the most pronounced in 2020 with an increase of 115% against the previous year. As a result, the exports reached the peak of 219 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses dropped to $2M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +16.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by -20.2% against 2020 indices. The most prominent rate of growth was recorded in 2020 with an increase of 99%. As a result, the exports reached the peak of $2.5M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. United Kingdom (102.3 tons)
2. Malta (9.8 tons)
3. France (5.3 tons)
4. Switzerland (5.0 tons)
5. Croatia (4.8 tons)
6. Ukraine (3.5 tons)
7. Hungary (3.4 tons)
8. Germany (3.4 tons)
9. Greece (2.9 tons)
10. Austria (2.9 tons)

Source: IndexBox Market Intelligence Platform