Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in Nigeria - 2022
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Nigeria (CIF) - 2022
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Nigeria (FOB) - 2022
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Nigeria
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Nigeria
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Nigeria (CIF) - 2022
The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $725 per ton in 2022, shrinking by -92.6% against the previous year. Over the period under review, the import price showed a sharp downturn. The most prominent rate of growth was recorded in 2016 when the average import price increased by 11%. Over the period under review, average import prices hit record highs at $21,332 per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Vietnam amounted to -7.9% per year.
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Nigeria (FOB) - 2022
In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $6,186 per ton, picking up by 11% against the previous year. In general, the export price, however, recorded a perceptible setback. The growth pace was the most rapid in 2013 when the average export price increased by 157%. As a result, the export price reached the peak level of $21,907 per ton. From 2014 to 2022, the average export prices failed to regain momentum.
Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($7,684 per ton), while the average price for exports to Canada stood at $5,174 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+0.9%), 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 Nigeria
In 2022, after two years of decline, there was significant growth in supplies from abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses, when their volume increased by 614% to 1 tons. Over the period under review, imports enjoyed a significant expansion. 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 contracted significantly to $725 in 2022. In general, imports, however, recorded a precipitous decline. The smallest decline of -15.2% was in 2020.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 0.7 | 0% |
| Vietnam | 4.7 | 3.9 | 1.3 | N/A | -47.4% |
| South Africa | 0.3 | 0.1 | N/A | N/A | -66.7% |
| Others | 0.1 | 0.3 | N/A | N/A | 200.0% |
| Total | 5.1 | 4.3 | 1.4 | 0.7 | -48.4% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers to Nigeria in 2022:
- China (1.0 tons)
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Nigeria
In 2022, overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses decreased by -17.3% to 86 kg, falling for the second year in a row after two years of growth. In general, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 1,289%. As a result, the exports attained the peak of 264 kg. From 2021 to 2022, the growth of the exports of remained at a lower figure.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses declined to $532 in 2022. Over the period under review, exports, however, continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 472%. As a result, the exports reached the peak of $967. From 2021 to 2022, the growth of the exports of remained at a lower figure.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Nigeria (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Germany | 149 | 494 | 337 | 292 | 25.1% |
| Canada | 20.0 | 50.0 | 241 | 238 | 128.3% |
| Australia | N/A | 423 | N/A | N/A | 0% |
| Others | N/A | N/A | N/A | 2.0 | 0% |
| Total | 169 | 967 | 578 | 532 | 46.6% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers from Nigeria in 2022:
- Canada (46.0 kg)
- Germany (38.0 kg)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in Nigeria.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
337
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Nigeria.
523
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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