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

Contents:

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

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

In November 2023, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $10,776 per ton, shrinking by -2.5% against the previous month. In general, the import price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average import price increased by 11% against the previous month. As a result, import price attained the peak level of $11,654 per ton. From May 2023 to November 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Sweden ($11,837 per ton), while the price for Belgium ($7,850 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by Denmark (+1.9%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $8,530 per ton, picking up by 45% against the previous year. Over the period under review, the export price, however, saw a abrupt contraction. The growth pace was the most rapid in 2017 an increase of 162%. Over the period under review, the average export prices reached the maximum at $85,550 per ton in 2018; however, from 2019 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Switzerland ($12,692 per ton), while the average price for exports to Sweden ($8,000 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 Estonia (+17.2%), while the prices for the other major destinations experienced a decline.

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

In 2022, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses into Finland was estimated at 1.4K tons, picking up by 7.6% on the year before. Over the period under review, imports, however, showed a noticeable descent. The most prominent rate of growth was recorded in 2021 when imports increased by 14% against the previous year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses expanded modestly to $14M in 2022. Overall, imports, however, recorded a deep reduction. The most prominent rate of growth was recorded in 2021 when imports increased by 11%.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Finland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Norway14.59.310.09.2-14.1%
Sweden1.32.12.63.032.1%
NetherlandsN/A0.10.20.8182.8%
Belgium0.20.10.40.751.8%
Denmark0.20.60.60.535.7%
Others1.20.30.30.2-45.0%
Total17.612.614.014.4-6.5%

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

  1. Norway (950.9 tons)
  2. Sweden (280.8 tons)
  3. Belgium (65.6 tons)
  4. Netherlands (59.5 tons)
  5. Denmark (44.4 tons)

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

Exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses from Finland shrank notably to 659 kg in 2022, waning by -74.7% against 2021 figures. Overall, exports continue to indicate a precipitous decline. The pace of growth was the most pronounced in 2021 with an increase of 186%. As a result, the exports reached the peak of 2.6 tons, and then reduced dramatically in the following year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses fell markedly to $5.6K in 2022. In general, exports saw a precipitous setback. The most prominent rate of growth was recorded in 2021 when exports increased by 75% against the previous year.

Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Finland (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Norway69.08.815.35.4-57.2%
SwitzerlandN/AN/AN/A0.20%
Others7.8N/AN/AN/A0%
Total76.98.815.35.6-58.2%

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

  1. Norway (640.0 kg)
  2. Switzerland (13.0 kg)

Source: IndexBox Market Intelligence Platform

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