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

Contents:

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

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

In 2022, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $6,378 per ton, reducing by -5.6% against the previous year. Over the period under review, the import price, however, saw a buoyant increase. The growth pace was the most rapid in 2013 when the average import price increased by 60% against the previous year. The import price peaked at $6,754 per ton in 2021, and then dropped in the following year.

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 Vietnam ($13,194 per ton), while the price for Iran ($1,374 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (+13.6%), 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 Oman (FOB) - 2022

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $11,892 per ton in 2022, remaining constant against the previous year. Overall, the export price saw a prominent increase. The pace of growth was the most pronounced in 2013 when the average export price increased by 30% against the previous year. Over the period under review, the average export prices hit record highs in 2022 and is expected to retain growth in the near future.

As there is only one major export destination, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2022, the rate of growth in terms of prices for Lebanon amounted to -10.2% per year.

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

In 2022, overseas purchases of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -49.4% to 52 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports recorded a sharp curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 4.4%. As a result, imports attained the peak of 218 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses declined rapidly to $334K in 2022. Overall, imports continue to indicate a dramatic contraction. The growth pace was the most rapid in 2020 when imports increased by 24% against the previous year. As a result, imports attained the peak of $1.1M. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. United Arab Emirates (34.3 tons)
2. Iran (11.7 tons)
3. Philippines (3.7 tons)
4. India (0.8 tons)
5. Vietnam (0.7 tons)

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

In 2022, after two years of decline, there was decline in shipments abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, when their volume decreased by 0% to 37 kg. Over the period under review, exports showed a deep downturn. The smallest decline of 99.9% was in 2020.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $440 in 2022. Overall, exports saw a buoyant expansion. The smallest decline of 99.9% was in 2020. The exports peaked 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 Oman in 2022:

1. United Arab Emirates (37.0 kg)

Source: IndexBox Market Intelligence Platform