Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Nigeria - 2022
Contents:
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Nigeria (CIF) - 2022
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Nigeria (FOB) - 2022
- Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Nigeria
- Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Nigeria
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Nigeria (CIF) - 2022
In 2022, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $1,587 per ton, declining by -85.2% against the previous year. In general, the import price faced a deep slump. The pace of growth appeared the most rapid in 2019 when the average import price increased by 33%. As a result, import price attained the peak level of $11,601 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for South Africa amounted to +3.7% per year.
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Nigeria (FOB) - 2022
In 2022, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $2,014 per ton, approximately equating the previous year. In general, the export price recorded a modest increase. The pace of growth appeared the most rapid in 2019 an increase of 36% against the previous year. The export price peaked at $2,014 per ton in 2020; afterwards, it flattened through to 2022.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Cambodia ($2,583 per ton), while the average price for exports to the United States ($1,015 per ton) was amongst the lowest.
From 2015 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+66.5%), while the prices for the other major destinations experienced a decline.
Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Nigeria
In 2022, supplies from abroad of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds decreased by -63.8% to 25 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, enjoyed a perceptible expansion. The growth pace was the most rapid in 2021 with an increase of 94%. As a result, imports attained the peak of 68 tons, and then declined sharply in the following year.
In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds shrank significantly to $39K in 2022. Overall, imports recorded a precipitous decrease. The pace of growth was the most pronounced in 2021 with an increase of 88% against the previous year. As a result, imports reached the peak of $730K, and then dropped rapidly in the following year.
| Import of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 38.7 | 0% |
| Vietnam | 234 | 362 | 359 | N/A | 23.9% |
| South Africa | 6.6 | 7.5 | 1.9 | N/A | -46.3% |
| Others | 11.9 | 19.4 | 370 | 0.5 | -65.2% |
| Total | 253 | 389 | 730 | 39.2 | -46.3% |
Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Nigeria in 2022:
- China (24.4 tons)
Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Nigeria
Exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds from Nigeria totaled 10 tons in 2022, standing approx. at 2021 figures. In general, exports showed a significant contraction. The smallest decline of -41.1% was in 2020.
In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $20K in 2022. Overall, exports saw a precipitous decline. The smallest decline of -21.5% was in 2020.
| Export of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Cambodia | 1.0 | 3.0 | N/A | 6.3 | 84.7% |
| Canada | 5.9 | 2.8 | N/A | 4.3 | -10.0% |
| United States | 38.8 | 29.8 | N/A | 2.9 | -57.9% |
| Australia | 2.2 | 3.5 | N/A | 0.4 | -43.3% |
| France | 3.1 | N/A | N/A | N/A | 0% |
| Others | 0.7 | 1.5 | N/A | 6.4 | 109.1% |
| Total | 51.8 | 40.6 | N/A | 20.3 | -26.8% |
Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Nigeria in 2022:
- United States (2.8 tons)
- Cambodia (2.4 tons)
- Canada (2.3 tons)
- Australia (0.1 tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in Nigeria.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in Nigeria.
511
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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