Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Latvia - 2023
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Latvia (CIF) - 2022
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Latvia (FOB) - 2022
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Latvia
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Latvia
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Latvia (CIF) - 2022
The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $10,141 per ton in 2022, leveling off at the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.5%. The pace of growth appeared the most rapid in 2014 when the average import price increased by 15% against the previous year. Over the period under review, average import prices hit record highs at $11,198 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.
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 Lithuania ($13,515 per ton), while the price for Sweden ($5,613 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+21.2%), 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 Latvia (FOB) - 2022
In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $11,102 per ton, with a decrease of -7.7% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2013 an increase of 47% against the previous year. As a result, the export price attained the peak level of $13,853 per ton. From 2014 to 2022, the average export prices remained at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($11,264 per ton), while the average price for exports to Lithuania totaled $10,825 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+7.4%), 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 Latvia
Imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses into Latvia skyrocketed to 87 tons in 2022, growing by 35% against the year before. Overall, imports showed a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 48%. Over the period under review, imports of reached the peak figure in 2022 and are expected to retain growth in years to come.
In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses skyrocketed to $887K in 2022. In general, imports continue to indicate a significant expansion. The pace of growth appeared the most rapid in 2021 when imports increased by 55%. Over the period under review, imports of reached the maximum in 2022 and are likely to see gradual growth in the near future.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 17.7 | 103 | 204 | 314 | 160.8% |
| Netherlands | 123 | 119 | 180 | 223 | 21.9% |
| Estonia | 36.1 | 0.8 | 18.9 | 139 | 56.7% |
| Lithuania | 22.6 | 86.3 | 116 | 99.1 | 63.7% |
| Germany | 88.9 | 22.8 | 27.5 | 38.1 | -24.6% |
| Poland | 15.8 | 12.1 | 31.6 | 31.2 | 25.5% |
| Belgium | 29.2 | 27.5 | 85.0 | 23.6 | -6.9% |
| Sweden | 1.1 | 0.5 | N/A | 16.2 | 145.1% |
| United Kingdom | 78.4 | 52.3 | N/A | N/A | -33.3% |
| Others | 4.3 | 5.1 | N/A | 2.1 | -21.3% |
| Total | 417 | 429 | 664 | 887 | 28.6% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to Latvia in 2022:
- Denmark (32.6 tons)
- Netherlands (23.4 tons)
- Estonia (12.3 tons)
- Lithuania (7.3 tons)
- Poland (3.1 tons)
- Germany (3.1 tons)
- Sweden (2.9 tons)
- Belgium (2.3 tons)
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Latvia
In 2022, shipments abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -3.9% to 32 tons for the first time since 2018, thus ending a three-year rising trend. In general, exports, however, showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 129% against the previous year. As a result, the exports reached the peak of 33 tons, and then shrank slightly in the following year.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses contracted to $356K in 2022. Overall, exports, however, showed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 114% against the previous year. As a result, the exports reached the peak of $401K, and then contracted in the following year.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Latvia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Estonia | 89.5 | 111 | 236 | 228 | 36.6% |
| Lithuania | 63.3 | 76.7 | 164 | 127 | 26.1% |
| Others | N/A | N/A | N/A | N/A | 0% |
| Total | 153 | 188 | 401 | 356 | 32.5% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from Latvia in 2022:
- Estonia (20.3 tons)
- Lithuania (11.8 tons)
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