Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in Turkey - 2024

Contents:

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

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

In 2022, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $12,776 per ton, rising by 22% against the previous year. Over the last decade, it increased at an average annual rate of +5.4%. The growth pace was the most rapid in 2013 when the average import price increased by 45%. The import price peaked at $13,016 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($25,839 per ton), while the price for Bangladesh ($7,087 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Thailand (+40.3%), 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 Turkey (FOB) - 2022

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $7,121 per ton in 2022, declining by -22% against the previous year. Overall, the export price recorded a deep downturn. The most prominent rate of growth was recorded in 2021 an increase of 126%. The export price peaked at $17,507 per ton in 2015; however, from 2016 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 Georgia ($27,750 per ton), while the average price for exports to Greece ($4,000 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 the Netherlands (+34.0%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, purchases abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses decreased by -54.5% to 8.5 tons for the first time since 2018, thus ending a three-year rising trend. Overall, imports showed a deep setback. The pace of growth appeared the most rapid in 2020 when imports increased by 52% against the previous year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses fell rapidly to $109K in 2022. Over the period under review, imports showed a mild setback. The pace of growth was the most pronounced in 2020 with an increase of 56% against the previous year.

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

1. Norway (6.1 tons)
2. Vietnam (1.5 tons)
3. Bangladesh (0.9 tons)

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

In 2022, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses from Turkey soared to 9.6 tons, with an increase of 799% on the previous year's figure. Over the period under review, exports continue to indicate significant growth. 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 soared to $69K in 2022. Overall, exports saw a significant expansion. 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 Turkey in 2022:

1. Russia (3.0 tons)
2. Liberia (2.2 tons)
3. Iraq (2.0 tons)
4. Cyprus (0.6 tons)
5. Malta (0.5 tons)
6. Panama (0.3 tons)
7. Azerbaijan (0.2 tons)

Source: IndexBox Market Intelligence Platform