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

Contents:

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

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

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $5,694 per ton in 2022, growing by 48% against the previous year. In general, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2018 when the average import price increased by 54%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 Germany ($23,455 per ton), while the price for China ($3,753 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+18.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Sri Lanka (FOB) - 2022

In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $11,643 per ton, surging by 10% against the previous year. Overall, the export price continues to indicate moderate growth. The most prominent rate of growth was recorded in 2018 when the average export price increased by 48%. As a result, the export price reached the peak level of $20,842 per ton. From 2019 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Kuwait ($27,000 per ton), while the average price for exports to Denmark ($1,000 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+200.0%), 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 Sri Lanka

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses imported into Sri Lanka shrank markedly to 121 kg, which is down by -64.8% compared with 2021 figures. Over the period under review, imports faced a precipitous decline. The smallest decline of -6.8% was in 2021.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses declined significantly to $689 in 2022. Overall, imports recorded a sharp downturn. The smallest decline of -18.8% was in 2020.

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

1. China (97.0 kg)
2. Germany (11.0 kg)
3. Singapore (7.0 kg)
4. Malaysia (5.0 kg)

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

For the third year in a row, Sri Lanka recorded decline in shipments abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, which decreased by -41.7% to 14 kg in 2022. Over the period under review, exports saw a dramatic downturn.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses reduced sharply to $163 in 2022. Overall, exports showed a sharp setback.

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

1. Slovenia (5.0 kg)
2. Australia (3.0 kg)
3. Kuwait (2.0 kg)
4. Canada (1.0 kg)
5. Maldives (1.0 kg)
6. Denmark (1.0 kg)
7. New Zealand (1.0 kg)

Source: IndexBox Market Intelligence Platform