Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in New Zealand - 2024
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in New Zealand (CIF) - 2024
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in New Zealand (FOB) - 2022
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in New Zealand
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in New Zealand
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in New Zealand (CIF) - 2024
In January 2024, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $7,366 per ton, declining by -2.2% against the previous month. Overall, the import price continues to indicate a slight slump. The most prominent rate of growth was recorded in November 2023 when the average import price increased by 19% month-to-month. Over the period under review, average import prices attained the maximum at $9,577 per ton in April 2023; however, from May 2023 to January 2024, import prices failed to regain momentum.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the countries with the highest prices were Thailand ($8,800 per ton) and China ($7,907 per ton), while the price for India ($6,963 per ton) and Vietnam ($7,369 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Australia (+16.1%), 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 New Zealand (FOB) - 2022
The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $10,581 per ton in 2022, surging by 15% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 an increase of 42% against the previous year. The export price peaked at $13,164 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 Cook Islands ($13,580 per ton), while the average price for exports to Samoa ($6,111 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 Vietnam (+8.1%), while the prices for the other major destinations experienced mixed trend patterns.
Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in New Zealand
For the fourth consecutive year, New Zealand recorded growth in overseas purchases of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses, which increased by 32% to 2.4K tons in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +12.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.6% against 2019 indices. 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 skyrocketed to $22M in 2022. Over the period under review, total imports indicated a resilient expansion from 2019 to 2022: its value increased at an average annual rate of +12.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +43.8% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in New Zealand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | 6.2 | 7.5 | 7.9 | 7.3 | 5.6% |
| Vietnam | 4.2 | 3.3 | 3.9 | 5.8 | 11.4% |
| India | 0.1 | 0.5 | 0.4 | 4.4 | 253.0% |
| China | 4.0 | 3.3 | 4.4 | 3.4 | -5.3% |
| Greenland | N/A | N/A | 0.1 | 0.3 | 200.0% |
| Others | 0.9 | 0.7 | 0.5 | 0.5 | -17.8% |
| Total | 15.4 | 15.2 | 17.2 | 21.9 | 12.5% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers to New Zealand in 2022:
- Thailand (705.9 tons)
- Vietnam (652.8 tons)
- India (519.8 tons)
- China (418.4 tons)
- Greenland (41.6 tons)
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in New Zealand
In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses exported from New Zealand surged to 56 tons, rising by 109% against the year before. Overall, exports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 182% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses surged to $591K in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 201% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in New Zealand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Thailand | N/A | N/A | N/A | 412 | 0% |
| Cook Islands | 43.1 | 26.8 | 26.3 | 70.6 | 17.9% |
| Fiji | 14.1 | 20.9 | 67.6 | 45.2 | 47.4% |
| Tonga | 4.5 | 6.3 | 52.2 | 24.3 | 75.4% |
| Samoa | 14.3 | 11.4 | 84.1 | 19.0 | 9.9% |
| Papua New Guinea | 1.4 | 2.6 | 3.9 | 9.7 | 90.6% |
| Others | 22.6 | 13.7 | 11.5 | 9.7 | -24.6% |
| Total | 100 | 81.6 | 246 | 591 | 80.8% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers from New Zealand in 2022:
- Thailand (38.5 tons)
- Cook Islands (5.2 tons)
- Fiji (4.4 tons)
- Samoa (3.1 tons)
- Tonga (2.5 tons)
- Papua New Guinea (1.0 tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in New Zealand.
513
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
246
This report provides an in-depth analysis of the market for prepared or preserved crab meat in New Zealand.
513
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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