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

Contents:

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

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

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $7,047 per ton in June 2023, growing by 47% against the previous month. Over the period from June 2022 to June 2023, it increased at an average monthly rate of +3.3%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by the country of destination: the country with the highest price was Sweden ($12,951 per ton), while the average price for exports to the Netherlands amounted to $5,499 per ton.

From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+117.3%), while the prices for the other major destinations experienced more modest paces of growth.

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

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $10,955 per ton in 2022, surging by 8.1% against the previous year. In general, the import price, however, continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2019 an increase of 40%. The import price peaked at $18,516 per ton in 2015; however, from 2016 to 2022, 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 Egypt ($12,723 per ton), while the price for Vietnam ($5,349 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by Honduras (-3.1%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses exported from Morocco reduced markedly to 7.9K tons, with a decrease of -26.2% against 2021. Over the period under review, exports faced a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses reduced sharply to $40M in 2022. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 20% against the previous year.

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

1. Netherlands (7.3K tons)
2. Germany (0.6K tons)

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

In 2022, supplies from abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses decreased by -89.3% to 26 tons, falling for the second year in a row after two years of growth. Overall, imports saw a dramatic slump. The pace of growth was the most pronounced in 2020 with an increase of 4.7%. As a result, imports attained the peak of 426 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses fell sharply to $285K in 2022. Over the period under review, imports faced a dramatic shrinkage. The smallest decline of -3.9% was in 2020.

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

1. Egypt (17.9 tons)
2. Venezuela (5.1 tons)
3. Vietnam (3.0 tons)

Source: IndexBox Market Intelligence Platform