Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in Vietnam - 2022
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Vietnam (FOB) - 2022
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Vietnam (CIF) - 2022
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Vietnam
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Vietnam
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Vietnam (FOB) - 2022
The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $10,116 per ton in 2022, waning by -4.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +1.1%. The growth pace was the most rapid in 2015 when the average export price increased by 14%. As a result, the export price reached the peak level of $11,543 per ton. From 2016 to 2022, the average export prices failed to regain momentum.
Average prices varied noticeably for the major export markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Australia ($10,116 per ton) and Japan ($10,116 per ton), while the average price for exports to the UK ($10,116 per ton) and Canada ($10,116 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Australia (+6.8%), 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 Vietnam (CIF) - 2022
In 2022, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $8,721 per ton, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +4.3%. The most prominent rate of growth was recorded in 2013 an increase of 35% against the previous year. Over the period under review, average import prices reached the maximum at $10,645 per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($22,213 per ton), while the price for the United Arab Emirates ($3,071 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+84.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Vietnam
In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses exported from Vietnam expanded significantly to 43K tons, picking up by 14% compared with the year before. The total export volume increased at an average annual rate of +10.0% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, the exports attained 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 rose sharply to $438M in 2022. The total export value increased at an average annual rate of +7.0% over the period from 2019 to 2022; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 71.7 | 62.7 | 61.1 | 94.3 | 9.6% |
| United States | 83.2 | 103 | 136 | 80.5 | -1.1% |
| South Korea | 72.2 | 65.5 | 53.0 | 71.1 | -0.5% |
| United Kingdom | 6.9 | 17.7 | 26.2 | 35.3 | 72.3% |
| Netherlands | 18.8 | 24.4 | 25.2 | 33.9 | 21.7% |
| Canada | 25.6 | 32.5 | 18.5 | 26.1 | 0.6% |
| Australia | 25.3 | 20.5 | 18.5 | 22.8 | -3.4% |
| Others | 53.1 | 56.1 | 65.0 | 73.6 | 11.5% |
| Total | 357 | 383 | 403 | 438 | 7.1% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers from Vietnam in 2022:
- Japan (9.3K tons)
- United States (8.0K tons)
- South Korea (7.0K tons)
- United Kingdom (3.5K tons)
- Netherlands (3.4K tons)
- Canada (2.6K tons)
- Australia (2.3K tons)
Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Vietnam
In 2022, supplies from abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses decreased by -6.6% to 446 tons, falling for the second consecutive year after two years of growth. In general, imports recorded a pronounced setback. The pace of growth was the most pronounced in 2020 when imports increased by 0.4% against the previous year. As a result, imports reached the peak of 498 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.
In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses shrank to $3.9M in 2022. Overall, imports showed a noticeable reduction. The smallest decline of -3.7% was in 2020.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 1,033 | 1,341 | 1,316 | 1,276 | 7.3% |
| Canada | 840 | 1,091 | 1,071 | 1,038 | 7.3% |
| United Arab Emirates | 730 | 735 | 557 | 452 | -14.8% |
| United States | 920 | 287 | 548 | 433 | -22.2% |
| Germany | 136 | 172 | 164 | 154 | 4.2% |
| Denmark | 98.1 | 125 | 142 | 115 | 5.4% |
| Taiwan (Chinese) | 276 | 89.3 | 6.5 | 87.3 | -31.9% |
| Others | 488 | 515 | 391 | 337 | -11.6% |
| Total | 4,522 | 4,356 | 4,196 | 3,893 | -4.9% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers to Vietnam in 2022:
- United Arab Emirates (147.2 tons)
- Indonesia (145.7 tons)
- Canada (75.7 tons)
- United States (27.5 tons)
- Taiwan (Chinese) (9.5 tons)
- Denmark (7.4 tons)
- Germany (6.9 tons)
351
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Vietnam.
513
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
351
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Vietnam.
513
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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