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

Contents:

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

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

In August 2023, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $12,247 per ton, picking up by 5.1% against the previous month. Over the period from August 2022 to August 2023, it increased at an average monthly rate of +1.7%. The pace of growth was the most pronounced in November 2022 an increase of 23% m-o-m. The import price peaked in August 2023.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was France ($16,665 per ton), while the price for Portugal ($4,894 per ton) was amongst the lowest.

From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Belgium (+1.7%), while the prices for the other major suppliers experienced more modest paces of growth.

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

The average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $13,936 per ton in 2022, declining by -14.2% against the previous year. Over the period under review, the export price showed a mild contraction. The most prominent rate of growth was recorded in 2020 an increase of 11% against the previous year. Over the period under review, the average export prices reached the peak figure at $16,247 per ton in 2021, and then contracted in the following year.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($16,440 per ton), while the average price for exports to Belgium ($13,684 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 Belgium (-0.2%), while the prices for the other major destinations experienced a decline.

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

After three years of growth, overseas purchases of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds decreased by -6.7% to 472 tons in 2022. The total import volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 11% against the previous year.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds declined to $4.9M in 2022. The total import value increased at an average annual rate of +1.9% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 9.4%. As a result, imports attained the peak of $5.4M, and then contracted in the following year.

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

1. Belgium (270.7 tons)
2. France (67.6 tons)
3. Portugal (53.0 tons)
4. Netherlands (45.9 tons)
5. Germany (30.1 tons)

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

In 2022, the amount of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds exported from Luxembourg surged to 57 tons, rising by 38% on the previous year. Overall, total exports indicated a tangible increase from 2019 to 2022: its volume increased at an average annual rate of +4.6% 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 +51.9% against 2020 indices. 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 skyrocketed to $796K in 2022. The total export value increased at an average annual rate of +5.9% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2021 with an increase of 19% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.

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

1. Belgium (42.8 tons)
2. France (10.7 tons)
3. Germany (3.0 tons)

Source: IndexBox Market Intelligence Platform