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

Contents:

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

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

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $12,466 per ton in November 2023, growing by 21% against the previous month. Over the period under review, the import price continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2023 an increase of 112% month-to-month. Over the period under review, average import prices attained the peak figure at $16,325 per ton in December 2022; however, from January 2023 to November 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Thailand ($20,370 per ton), while the price for the Netherlands ($6,451 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 Thailand (+44.2%), 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 Ireland (FOB) - 2023

In November 2023, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $10,704 per ton, leveling off at the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 9.9% against the previous month. As a result, the export price attained the peak level of $11,908 per ton. From May 2023 to November 2023, the the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major overseas markets. In November 2023, the countries with the highest prices were the UK ($13,027 per ton) and Spain ($12,454 per ton), while the average price for exports to France ($9,203 per ton) and Italy ($11,189 per ton) were amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+4.1%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, overseas purchases of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses decreased by -19.9% to 1K tons, falling for the second consecutive year after two years of growth. In general, imports saw a perceptible contraction. The most prominent rate of growth was recorded in 2020 with an increase of 56% against the previous year. As a result, imports attained the peak of 1.7K 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, not in airtight containerses shrank significantly to $9.6M in 2022. The total import value increased at an average annual rate of +1.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 19%.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom5.66.53.33.3-16.2%
Vietnam0.70.83.12.858.7%
Netherlands0.30.81.61.363.0%
Denmark0.40.80.50.614.5%
France0.40.90.80.614.5%
IndiaN/AN/A1.40.3-78.6%
Germany0.50.70.20.3-15.7%
Iceland0.6N/A0.10.2-30.7%
Belgium0.30.10.2N/A-18.4%
Others0.40.40.90.3-9.1%
Total9.311.112.19.61.1%

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

  1. United Kingdom (413.5 tons)
  2. Vietnam (241.6 tons)
  3. Netherlands (130.6 tons)
  4. Denmark (69.5 tons)
  5. France (61.0 tons)
  6. India (30.7 tons)
  7. Germany (21.8 tons)
  8. Iceland (16.5 tons)
  9. Belgium (4.1 tons)

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

Exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses from Ireland dropped to 618 tons in 2022, which is down by -8.7% against 2021. Overall, total exports indicated perceptible growth from 2019 to 2022: its volume increased at an average annual rate of +2.6% 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 +75.4% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 92%. As a result, the exports attained the peak of 677 tons, and then contracted in the following year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses totaled $6.3M in 2022. In general, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 113%. Over the period under review, the exports of reached the peak figure in 2022 and are likely to see gradual growth in years to come.

Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Italy2.71.43.23.610.1%
France1.61.02.12.19.5%
United Kingdom0.40.20.30.3-9.1%
Spain0.30.20.60.30.0%
OthersN/AN/A0.1N/A0%
Total5.02.96.26.38.0%

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

  1. Italy (336.7 tons)
  2. France (203.3 tons)
  3. United Kingdom (40.8 tons)
  4. Spain (35.3 tons)

Source: IndexBox Market Intelligence Platform

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