Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Japan - 2023

Contents:

  1. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Japan (CIF) - 2023
  2. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Japan (FOB) - 2022
  3. Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Japan
  4. Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Japan

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Japan (CIF) - 2023

In November 2023, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $8,139 per ton, almost unchanged from the previous month. In general, the import price, however, recorded a mild slump. The pace of growth appeared the most rapid in February 2023 when the average import price increased by 9.9% against the previous month. The import price peaked at $9,449 per ton in December 2022; however, from January 2023 to November 2023, import prices remained at a lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was South Korea ($12,313 per ton), while the price for China ($5,545 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 Peru (+4.1%), while the prices for the other major suppliers experienced a decline.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Japan (FOB) - 2022

The average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $23,749 per ton in 2022, shrinking by -35.4% against the previous year. In general, the export price continues to indicate a abrupt decline. The pace of growth appeared the most rapid in 2019 when the average export price increased by 26%. Over the period under review, the average export prices attained the maximum at $58,778 per ton in 2012; however, from 2013 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 Hong Kong SAR ($70,112 per ton), while the average price for exports to Thailand ($5,116 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 Taiwan (Chinese) (+0.4%), while the prices for the other major destinations experienced a decline.

Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Japan

In 2022, approx. 169K tons of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds were imported into Japan; surging by 5.9% compared with 2021. In general, imports, however, continue to indicate a relatively flat trend pattern.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds rose notably to $1.5B in 2022. Overall, imports continue to indicate a relatively flat trend pattern. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Import of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
China564507521543-1.3%
Vietnam3173112923634.6%
Thailand305267277302-0.3%
Indonesia1171111201488.1%
South Korea33.624.027.331.9-1.7%
Others10575.159.674.3-10.9%
Total1,4421,2951,2961,4630.5%

Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Japan in 2022:

  1. China (87.7K tons)
  2. Vietnam (30.7K tons)
  3. Thailand (27.2K tons)
  4. Indonesia (12.4K tons)
  5. South Korea (2.7K tons)

Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Japan

In 2022, the amount of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds exported from Japan surged to 15K tons, growing by 57% compared with the year before. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $366M in 2022. Over the period under review, exports, however, saw a noticeable setback.

Export of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Japan (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Hong Kong SAR297255214181-15.2%
China34.820.528.880.132.0%
Taiwan (Chinese)27.731.644.736.29.3%
United States26.924.443.032.06.0%
Singapore14.711.811.315.62.0%
Thailand4.33.43.24.1-1.6%
Namibia2.82.52.91.7-15.3%
Others15.310.112.315.40.2%
Total424359361366-4.8%

Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Japan in 2022:

  1. China (7.8K tons)
  2. Hong Kong SAR (2.6K tons)
  3. Taiwan (Chinese) (1.4K tons)
  4. United States (1.3K tons)
  5. Thailand (0.8K tons)
  6. Singapore (0.5K tons)
  7. Namibia (0.2K tons)

Source: IndexBox Market Intelligence Platform

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