Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Pakistan - 2023
Contents:
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Pakistan (FOB) - 2023
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Pakistan (CIF) - 2022
- Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Pakistan
- Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Pakistan
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Pakistan (FOB) - 2023
The average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $13,650 per ton in June 2023, picking up by 93% against the previous month. Over the period under review, the export price recorded a buoyant increase. The most prominent rate of growth was recorded in March 2023 an increase of 223% m-o-m. Over the period under review, the average export prices attained the peak figure in June 2023.
Prices varied noticeably by the country of destination: the country with the highest price was China ($21,290 per ton), while the average price for exports to Jordan ($2,511 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+25.0%), 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 Pakistan (CIF) - 2022
In 2022, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $3,660 per ton, waning by -57.2% against the previous year. Overall, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 91% against the previous year. Over the period under review, average import prices hit record highs at $8,546 per ton in 2021, and then contracted rapidly in the following year.
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 China amounted to +20.4% per year.
Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Pakistan
In 2022, approx. 3.4K tons of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds were exported from Pakistan; waning by -26.6% against the previous year. Overall, exports, however, recorded a significant increase. The growth pace was the most rapid in 2021 when exports increased by 838%. As a result, the exports reached the peak of 4.6K tons, and then plummeted in the following year.
In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds plummeted to $19M in 2022. Over the period under review, exports, however, enjoyed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 625% against the previous year. As a result, the exports attained the peak of $23M, and then fell sharply in the following year.
| Export of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Pakistan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 0.3 | 0.1 | 3.8 | 7.9 | 197.5% |
| Thailand | N/A | N/A | 0.2 | 7.6 | 3700.0% |
| China | N/A | N/A | 0.3 | 1.0 | 233.3% |
| Indonesia | N/A | 0.1 | 0.7 | 0.8 | 182.8% |
| United Arab Emirates | N/A | N/A | 0.6 | 0.6 | 0.0% |
| Vietnam | N/A | N/A | 0.2 | 0.4 | 100.0% |
| India | 0.3 | 0.3 | 1.7 | N/A | 138.0% |
| Egypt | 2.3 | 2.4 | 13.5 | N/A | 142.3% |
| Others | 0.1 | 0.1 | 1.9 | 0.8 | 100.0% |
| Total | 3.0 | 3.1 | 22.7 | 19.1 | 85.3% |
Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Pakistan in 2022:
- Thailand (1730.1 tons)
- United States (825.0 tons)
- China (361.4 tons)
- Indonesia (131.7 tons)
- United Arab Emirates (119.7 tons)
- Vietnam (83.4 tons)
Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Pakistan
In 2022, approx. 50 kg of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds were imported into Pakistan; falling by -92.6% compared with the previous year's figure. In general, imports recorded a dramatic decline. The smallest decline of -75.7% was in 2020.
In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds shrank notably to $183 in 2022. Over the period under review, imports showed a dramatic decline. The smallest decline of -53.6% was in 2020.
| Import of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Pakistan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | N/A | N/A | N/A | 0.2 | 0% |
| Vietnam | 23.5 | 18.7 | 0.5 | N/A | -85.4% |
| Morocco | 199 | N/A | N/A | N/A | 0% |
| United Arab Emirates | 66.3 | 47.0 | 0.6 | N/A | -90.5% |
| Malaysia | 177 | 149 | 4.6 | N/A | -83.9% |
| Others | 3.5 | 2.7 | 0.1 | N/A | -83.1% |
| Total | 469 | 218 | 5.8 | 0.2 | -92.5% |
Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Pakistan in 2022:
- China (50.0 kg)
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