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

Contents:

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

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

In November 2023, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $9,130 per ton, reducing by -6.2% against the previous month. In general, the import price showed a slight slump. The growth pace was the most rapid in October 2023 an increase of 12% m-o-m. Over the period under review, average import prices hit record highs at $11,199 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was Guatemala ($13,418 per ton), while the price for Portugal ($6,160 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 the Netherlands (+2.3%), 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 Spain (FOB) - 2023

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $7,642 per ton in November 2023, with a decrease of -8.7% against the previous month. In general, the export price continues to indicate a slight decrease. The most prominent rate of growth was recorded in September 2023 an increase of 48% month-to-month. As a result, the export price reached the peak level of $9,827 per ton. From October 2023 to November 2023, the the average export prices remained at a lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Italy ($10,252 per ton), while the average price for exports to the Netherlands ($4,628 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+7.1%), 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 Spain

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses imported into Spain skyrocketed to 2.9K tons, increasing by 19% compared with the previous year's figure. The total import volume increased at an average annual rate of +8.5% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded 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 soared to $28M in 2022. The total import value increased at an average annual rate of +8.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. 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 Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Honduras3.53.44.16.824.8%
Guatemala5.36.27.14.4-6.0%
Netherlands1.20.93.23.644.2%
Belgium3.52.93.03.1-4.0%
Vietnam1.11.20.82.836.5%
Ecuador2.10.92.32.67.4%
China1.10.60.91.715.6%
Portugal0.40.40.61.140.1%
Denmark0.50.31.00.4-7.2%
India0.40.30.20.3-9.1%
France0.50.10.30.3-15.7%
Germany1.00.70.20.3-33.1%
Nicaragua1.31.1N/AN/A-15.4%
Others0.52.30.60.50.0%
Total22.221.524.328.08.0%

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

  1. Honduras (591.5 tons)
  2. Netherlands (460.8 tons)
  3. Guatemala (366.4 tons)
  4. Belgium (348.5 tons)
  5. Vietnam (307.3 tons)
  6. Ecuador (292.1 tons)
  7. China (195.0 tons)
  8. Portugal (162.4 tons)
  9. India (47.2 tons)
  10. Denmark (40.7 tons)
  11. France (36.3 tons)
  12. Germany (26.5 tons)

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

In 2022, after three years of growth, there was significant decline in shipments abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses, when their volume decreased by -7.2% to 1.6K tons. The total export volume increased at an average annual rate of +7.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of 1.7K tons, and then contracted in the following year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses reduced to $14M in 2022. The total export value increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. As a result, the exports reached the peak of $16M, and then contracted in the following year.

Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Spain (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France3.73.72.83.0-6.8%
Portugal1.63.23.42.820.5%
Austria1.42.43.52.826.0%
Italy0.80.81.31.07.7%
Denmark0.50.30.60.66.3%
United States1.20.91.00.5-25.3%
Germany0.30.20.50.410.1%
Belgium0.20.30.10.314.5%
Croatia0.20.10.20.314.5%
Romania0.1N/A0.30.226.0%
Bulgaria0.1N/A0.20.10.0%
Others1.21.02.01.45.3%
Total11.313.115.913.66.4%

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

  1. France (337.6 tons)
  2. Portugal (305.4 tons)
  3. Austria (158.6 tons)
  4. Denmark (154.1 tons)
  5. Italy (120.1 tons)
  6. United States (78.3 tons)
  7. Croatia (62.8 tons)
  8. Germany (54.2 tons)
  9. Romania (46.6 tons)
  10. Belgium (41.0 tons)
  11. Bulgaria (38.0 tons)

Source: IndexBox Market Intelligence Platform

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