Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the United States - 2024
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the United States (CIF) - 2024
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the United States (FOB) - 2024
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the United States
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the United States
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the United States (CIF) - 2024
In September 2023, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $11,713 per ton, growing by 11% against the previous month. Overall, the import price saw a relatively flat trend pattern. Over the period under review, average import prices hit record highs at $12,471 per ton in May 2023; however, from June 2023 to September 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was India ($13,398 per ton), while the price for Canada ($6,764 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was attained by India (+2.0%), 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 the United States (FOB) - 2024
In September 2023, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $6,039 per ton, shrinking by -33.3% against the previous month. In general, the export price saw a deep setback. The growth pace was the most rapid in August 2023 when the average export price increased by 16% m-o-m. Over the period under review, the average export prices hit record highs at $12,018 per ton in March 2023; however, from April 2023 to September 2023, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major external markets. In September 2023, the country with the highest price was Jamaica ($11,766 per ton), while the average price for exports to Spain ($5,206 per ton) was amongst the lowest.
From February 2023 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+3.4%), 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 the United States
For the fourth year in a row, the United States recorded growth in purchases abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, which increased by 17% to 14K tons in 2022. The total import volume increased at an average annual rate of +12.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 18%. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses surged to $170M in 2022. In general, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +16.8% 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 +59.2% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 23% against the previous year. Over the period under review, imports of attained the maximum in 2022 and are likely to continue growth in the immediate term.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 25.3 | 37.4 | 71.3 | 84.2 | 49.3% |
| Indonesia | 50.2 | 48.1 | 37.5 | 43.2 | -4.9% |
| Thailand | 9.5 | 9.5 | 12.1 | 16.5 | 20.2% |
| Vietnam | 4.5 | 8.0 | 8.7 | 13.6 | 44.6% |
| Ecuador | 6.9 | 4.5 | 3.7 | 6.6 | -1.5% |
| Philippines | 0.5 | 0.7 | 0.6 | 0.5 | 0.0% |
| Others | 9.6 | 5.3 | 5.7 | 5.0 | -19.5% |
| Total | 107 | 114 | 140 | 170 | 16.7% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to the United States in 2022:
- India (6.4K tons)
- Indonesia (3.9K tons)
- Vietnam (1.6K tons)
- Thailand (1.2K tons)
- Ecuador (0.8K tons)
- Philippines (0.2K tons)
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the United States
In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses exported from the United States soared to 484 tons, growing by 54% on the previous year. In general, total exports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +6.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +74.0% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses skyrocketed to $4.9M 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 +7.8% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +94.4% against 2020 indices. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 152 | 444 | 651 | 1,127 | 95.0% |
| Mexico | 469 | 1,121 | 931 | 809 | 19.9% |
| Brazil | N/A | N/A | N/A | 636 | 0% |
| Jamaica | 96.1 | 163 | 371 | 388 | 59.2% |
| Thailand | 378 | N/A | N/A | 340 | -3.5% |
| Guatemala | N/A | N/A | 87.0 | 297 | 241.4% |
| Vietnam | N/A | N/A | N/A | 204 | 0% |
| Colombia | 138 | 125 | 194 | 198 | 12.8% |
| Indonesia | N/A | N/A | 255 | 181 | -29.0% |
| Trinidad and Tobago | 178 | 192 | 116 | 177 | -0.2% |
| Panama | 102 | 105 | 160 | 132 | 9.0% |
| Costa Rica | 160 | 137 | 131 | 107 | -12.6% |
| Denmark | 1,436 | N/A | N/A | 9.1 | -81.5% |
| Others | 808 | 240 | 264 | 308 | -27.5% |
| Total | 3,917 | 2,527 | 3,159 | 4,913 | 7.8% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from the United States in 2022:
- Canada (125.7 tons)
- Mexico (108.1 tons)
- Thailand (42.2 tons)
- Guatemala (29.1 tons)
- Brazil (28.0 tons)
- Jamaica (28.0 tons)
- Vietnam (19.5 tons)
- Colombia (19.4 tons)
- Indonesia (17.3 tons)
- Trinidad and Tobago (15.4 tons)
- Panama (13.2 tons)
- Costa Rica (11.5 tons)
- Denmark (1.1 tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in the U.S..
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in the U.S..
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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American imports of prepared or preserved crab meat show a sign of recovery this year. In the first seven months of 2021, the U.S. imported 17.5K tons of crab meat, which was +4.4% higher than the figures for the same period of 2020. In 2021, the average price for imported crab meat rose approximately by +22% compared to the previous year. Indonesia remains the largest supplier, providing nearly half of the total American import volume. Last year, the U.S. boosted purchases from Indonesia, while imports from Venezuela and China declined.
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American imports of prepared or preserved crab meat show a sign of recovery this year. In the first seven months of 2021, the U.S. imported 17.5K tons of crab meat, which was +4.4% higher than the figures for the same period of 2020. In 2021, the average price for imported crab meat rose approximately by +22% compared to the previous year. Indonesia remains the largest supplier, providing nearly half of the total American import volume. Last year, the U.S. boosted purchases from Indonesia, while imports from Venezuela and China declined.
