Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in the United Arab Emirates - 2022

Contents:

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

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $5,520 per ton, with a decrease of -31.4% against the previous year. Over the period under review, the export price continues to indicate a slight slump. The most prominent rate of growth was recorded in 2021 an increase of 23% against the previous year. The export price peaked at $8,275 per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Egypt ($5,403 per ton), while the average price for exports to Morocco stood at $4,108 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Morocco (+0.4%).

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

In 2022, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $7,054 per ton, declining by -42.1% against the previous year. Over the period under review, the import price saw a deep setback. The growth pace was the most rapid in 2014 when the average import price increased by 27% against the previous year. Over the period under review, average import prices reached the peak figure at $12,193 per ton in 2021, and then dropped rapidly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($13,875 per ton), while the price for Iran ($2,204 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.2%), 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 the United Arab Emirates

In 2022, overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses were finally on the rise to reach 19K tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, exports showed a significant increase. As a result, the exports reached the peak 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 $103M in 2022. In general, exports posted significant growth. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. Egypt (17.7K tons)
2. Morocco (0.4K tons)

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in the United Arab Emirates

In 2022, after three years of growth, there was significant decline in supplies from abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses, when their volume decreased by -63.8% to 297 tons. Over the period under review, imports, however, posted a resilient increase. The most prominent rate of growth was recorded in 2020 with an increase of 150% against the previous year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses declined rapidly to $2.1M in 2022. In general, imports saw a perceptible decline. The pace of growth appeared the most rapid in 2020 with an increase of 169% against the previous year.

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

1. Vietnam (118.7 tons)
2. Iran (54.4 tons)
3. India (49.4 tons)
4. Philippines (46.9 tons)
5. China (10.5 tons)
6. France (4.5 tons)

Source: IndexBox Market Intelligence Platform