Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in Bulgaria - 2023

Contents:

1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Bulgaria (FOB) - 2023
2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Bulgaria (CIF) - 2022
3. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Bulgaria
4. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Bulgaria

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Bulgaria (FOB) - 2023

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $20,490 per ton in October 2023, remaining constant against the previous month. In general, export price indicated slight growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses decreased by -3.1% against August 2023 indices. The pace of growth was the most pronounced in June 2023 when the average export price increased by 120% month-to-month. The export price peaked at $21,136 per ton in August 2023; however, from September 2023 to October 2023, the export prices remained at a lower figure.

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

From October 2022 to October 2023, the rate of growth in terms of prices for Sweden amounted to +1.2% per month.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Bulgaria (CIF) - 2022

In 2022, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $9,259 per ton, declining by -17.9% against the previous year. Overall, import price indicated a slight expansion from 2012 to 2022: its price increased at an average annual rate of +1.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses decreased by -29.8% against 2016 indices. The pace of growth appeared the most rapid in 2016 an increase of 59% against the previous year. As a result, import price reached the peak level of $13,184 per ton. From 2017 to 2022, the average import prices failed to regain momentum.

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 ($29,556 per ton), while the price for Spain ($4,740 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Romania (+12.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Bulgaria

In 2022, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses from Bulgaria contracted notably to 531 tons, dropping by -27.3% against the previous year's figure. Over the period under review, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2021 with an increase of 1.8% against the previous year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses dropped sharply to $9.3M in 2022. In general, exports saw a deep downturn. The smallest decline of -1.7% was in 2021.

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers from Bulgaria in 2022:

1. Sweden (530.7 tons)

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Bulgaria

In 2022, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses into Bulgaria surged to 34 tons, jumping by 16% on the year before. Overall, imports, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2021 when imports increased by 17%.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses fell to $314K in 2022. In general, imports, however, showed a deep reduction. The growth pace was the most rapid in 2021 with an increase of 8.7% against the previous year.

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers to Bulgaria in 2022:

1. Belgium (20.2 tons)
2. Spain (7.3 tons)
3. Vietnam (5.8 tons)
4. Germany (0.2 tons)

Source: IndexBox Market Intelligence Platform