Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Saudi Arabia - 2022

Contents:

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

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

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $8,025 per ton in 2022, reducing by -3.7% against the previous year. Over the period under review, export price indicated significant growth from 2020 to 2022: its price increased at an average annual rate of +23.2% over the last two-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses increased by +51.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 when the average export price increased by 58%. As a result, the export price attained the peak level of $8,329 per ton, and then shrank modestly in the following year.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($9,708 per ton), while the average price for exports to the United States totaled $7,980 per ton.

From 2020 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (0.0%), 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 Saudi Arabia (CIF) - 2022

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $7,173 per ton in 2021, with an increase of 43% against the previous year. In general, the import price saw modest growth. The most prominent rate of growth was recorded in 2014 an increase of 147%. As a result, import price attained the peak level of $15,317 per ton. From 2015 to 2021, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the UK ($17,928 per ton), while the price for the United States ($3,578 per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was attained by China (+14.3%).

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

In 2022, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses from Saudi Arabia surged to 94 tons, jumping by 16% compared with 2021 figures. Over the period under review, exports, however, saw a significant curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 3,038%.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses totaled $754K in 2022. Overall, exports, however, faced a sharp reduction. The growth pace was the most rapid in 2021 with an increase of 4,846%.

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

1. United States (91.5 tons)
2. Spain (2.4 tons)

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

In 2021, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses imported into Saudi Arabia shrank dramatically to 1.1 tons, falling by -83% against the previous year's figure. In general, imports continue to indicate a precipitous decrease.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses fell sharply to $7.7K in 2021. Overall, imports faced a sharp decrease.

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

1. United States (1193.0 kg)
2. China (150.0 kg)
3. United Kingdom (69.0 kg)

Source: IndexBox Market Intelligence Platform