Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in China - 2023
Contents:
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in China (FOB) - 2023
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in China (CIF) - 2023
- Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in China
- Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in China
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in China (FOB) - 2023
In December 2023, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $10,504 per ton, remaining stable against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in August 2023 an increase of 8% m-o-m. The export price peaked at $11,649 per ton in March 2023; however, from April 2023 to December 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Mexico ($17,504 per ton), while the average price for exports to Japan ($6,160 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to Malaysia (+0.8%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in China (CIF) - 2023
In December 2023, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $6,186 per ton, growing by 1.8% against the previous month. Overall, the import price, however, saw a noticeable descent. The pace of growth was the most pronounced in September 2023 an increase of 22% month-to-month. Over the period under review, average import prices attained the maximum at $8,245 per ton in December 2022; however, from January 2023 to December 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($18,766 per ton), while the price for Pakistan ($1,793 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+13.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in China
Exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds from China expanded to 451K tons in 2022, increasing by 3.9% on the year before. The total export volume increased at an average annual rate of +6.4% 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 when exports increased by 27%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds expanded remarkably to $5.2B in 2022. In general, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +12.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 41%. The exports peaked in 2022 and are likely to see gradual growth in the near future.
| Export of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 148 | 315 | 646 | 1,098 | 95.0% |
| Japan | 775 | 726 | 748 | 737 | -1.7% |
| Thailand | 197 | 295 | 615 | 707 | 53.1% |
| Taiwan (Chinese) | 555 | 445 | 555 | 549 | -0.4% |
| United States | 590 | 418 | 507 | 424 | -10.4% |
| Hong Kong SAR | 344 | 298 | 422 | 311 | -3.3% |
| South Korea | 207 | 217 | 263 | 310 | 14.4% |
| Singapore | 140 | 104 | 137 | 175 | 7.7% |
| Mexico | 99.6 | 99.6 | 201 | 152 | 15.1% |
| Philippines | 52.1 | 75.6 | 135 | 146 | 41.0% |
| Canada | 132 | 99.7 | 128 | 126 | -1.5% |
| Vietnam | 13.4 | 11.4 | 47.8 | 99.2 | 94.9% |
| Australia | 88.0 | 69.3 | 66.1 | 80.2 | -3.0% |
| Others | 369 | 296 | 427 | 324 | -4.2% |
| Total | 3,711 | 3,470 | 4,898 | 5,238 | 12.2% |
Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from China in 2022:
- Japan (102.8K tons)
- Malaysia (65.8K tons)
- Thailand (50.0K tons)
- South Korea (44.4K tons)
- United States (41.9K tons)
- Taiwan (Chinese) (31.0K tons)
- Hong Kong SAR (21.5K tons)
- Canada (13.3K tons)
- Singapore (12.9K tons)
- Australia (10.8K tons)
- Vietnam (10.5K tons)
- Philippines (8.9K tons)
- Mexico (7.1K tons)
Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in China
Imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds into China dropped markedly to 35K tons in 2022, with a decrease of -27.6% against the year before. Overall, imports saw a drastic downturn. The most prominent rate of growth was recorded in 2021 when imports increased by 73%. As a result, imports attained the peak of 48K tons, and then dropped markedly in the following year.
In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds rose significantly to $236M in 2022. In general, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +6.4% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +75.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 53%. Imports peaked in 2022 and are likely to continue growth in the immediate term.
| Import of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in China (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 16.3 | 15.9 | 16.1 | 51.9 | 47.1% |
| Peru | 114 | 53.2 | 81.3 | 30.3 | -35.7% |
| Pakistan | 1.1 | 0.8 | 8.4 | 26.7 | 189.5% |
| Canada | 7.5 | 8.4 | 9.9 | 22.1 | 43.4% |
| Mexico | N/A | N/A | N/A | 13.9 | 0% |
| Thailand | 9.3 | 8.6 | 12.1 | 11.1 | 6.1% |
| Indonesia | 2.1 | 1.0 | 4.7 | 10.3 | 69.9% |
| Vietnam | 7.5 | 9.5 | 13.7 | 4.2 | -17.6% |
| Chile | 3.3 | 4.1 | 1.5 | 2.0 | -15.4% |
| Others | 35.2 | 33.0 | 58.4 | 63.6 | 21.8% |
| Total | 196 | 134 | 206 | 236 | 6.4% |
Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to China in 2022:
- Pakistan (13.6K tons)
- Peru (9.7K tons)
- Japan (3.1K tons)
- Canada (0.9K tons)
- Mexico (0.9K tons)
- Indonesia (0.8K tons)
- Chile (0.7K tons)
- Vietnam (0.7K tons)
- Thailand (0.7K tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in China.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
360
This report provides an in-depth analysis of the market for prepared or preserved crab meat in China.
512
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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