Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Japan - 2023

Contents:

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

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

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $9,989 per ton in November 2023, approximately reflecting the previous month. In general, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in October 2023 when the average import price increased by 2.4% m-o-m. Over the period under review, average import prices hit record highs at $11,307 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 Vietnam ($10,450 per ton), while the price for China ($6,718 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 Greenland (-0.6%), while the prices for the other major suppliers experienced a decline.

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

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $14,232 per ton in 2022, dropping by -23.5% against the previous year. Overall, the export price recorded a slight curtailment. The pace of growth was the most pronounced in 2017 when the average export price increased by 58% against the previous year. Over the period under review, the average export prices reached the peak figure at $21,068 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($18,952 per ton), while the average price for exports to Vietnam ($10,865 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 (+57.7%), 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 Japan

Imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses into Japan expanded rapidly to 68K tons in 2022, with an increase of 9.2% on 2021 figures. The total import volume increased at an average annual rate of +1.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses expanded remarkably to $739M in 2022. The total import value increased at an average annual rate of +3.0% over the period from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

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

1. Thailand (25.7K tons)
2. Vietnam (24.3K tons)
3. Indonesia (11.2K tons)
4. China (5.1K tons)
5. Greenland (1.0K tons)

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

In 2022, approx. 41 tons of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses were exported from Japan; waning by -21.3% against the previous year's figure. Over the period under review, exports, however, posted measured growth. The most prominent rate of growth was recorded in 2021 with an increase of 124%. As a result, the exports reached the peak of 52 tons, and then contracted notably in the following year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses fell remarkably to $588K in 2022. Overall, exports continue to indicate a deep setback. The most prominent rate of growth was recorded in 2021 when exports increased by 97% against the previous year. As a result, the exports attained the peak of $977K, and then contracted significantly in the following year.

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

1. Vietnam (15.2 tons)
2. United States (11.9 tons)
3. Singapore (7.2 tons)
4. Hong Kong SAR (6.6 tons)

Source: IndexBox Market Intelligence Platform