Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Singapore - 2022
Contents:
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Singapore (CIF) - 2022
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Singapore (FOB) - 2022
- Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Singapore
- Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Singapore
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Singapore (CIF) - 2022
The average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $17,616 per ton in September 2022, picking up by 5.4% against the previous month. Over the period from January 2022 to September 2022, it increased at an average monthly rate of +2.6%. The most prominent rate of growth was recorded in June 2022 an increase of 16% against the previous month. Over the period under review, average import prices attained the maximum in September 2022.
There were significant differences in the average prices amongst the major supplying countries. In September 2022, the country with the highest price was New Zealand ($76,421 per ton), while the price for Malaysia ($7,569 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+9.2%), 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 Singapore (FOB) - 2022
In September 2022, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $21,607 per ton, waning by -24.8% against the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in June 2022 when the average export price increased by 50% against the previous month. Over the period under review, the average export prices hit record highs at $28,713 per ton in August 2022, and then declined remarkably in the following month.
There were significant differences in the average prices for the major overseas markets. In September 2022, the country with the highest price was Hong Kong SAR ($44,740 per ton), while the average price for exports to the United States ($1,469 per ton) was amongst the lowest.
From January 2022 to September 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (+29.1%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Singapore
In 2022, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds into Singapore was estimated at 13K tons, rising by 8.6% against 2021. Overall, imports, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when imports increased by 22%.
In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds expanded notably to $151M in 2022. In general, imports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 39%.
| Import of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 48.4 | 27.1 | 40.6 | 48.5 | 0.1% |
| Vietnam | 16.9 | 12.5 | 12.2 | 16.8 | -0.2% |
| Australia | 19.5 | 8.8 | 14.4 | 12.8 | -13.1% |
| Malaysia | 8.3 | 9.2 | 11.7 | 11.4 | 11.2% |
| Japan | 8.2 | 7.0 | 7.7 | 9.3 | 4.3% |
| New Zealand | 13.5 | 5.3 | 12.0 | 8.4 | -14.6% |
| Chile | 5.8 | 2.4 | 4.3 | 5.4 | -2.4% |
| Thailand | 9.4 | 5.0 | 4.5 | 5.4 | -16.9% |
| Indonesia | 4.7 | 1.9 | 3.7 | 5.2 | 3.4% |
| Taiwan (Chinese) | 3.5 | 3.0 | 4.4 | 3.8 | 2.8% |
| Others | 17.1 | 15.6 | 20.2 | 24.0 | 12.0% |
| Total | 155 | 97.7 | 136 | 151 | -0.9% |
Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Singapore in 2022:
- China (5.2K tons)
- Malaysia (2.2K tons)
- Vietnam (1.9K tons)
- Chile (0.6K tons)
- Thailand (0.6K tons)
- Taiwan (Chinese) (0.4K tons)
- Indonesia (0.4K tons)
- Japan (0.4K tons)
- Australia (0.3K tons)
- New Zealand (0.2K tons)
Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Singapore
In 2022, approx. 1.3K tons of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds were exported from Singapore; waning by -17.2% compared with the previous year. Overall, exports faced a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 12% against the previous year.
In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $18M in 2022. Over the period under review, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2021 with an increase of 18% against the previous year.
| Export of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Singapore (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Malaysia | 10.2 | 5.9 | 7.2 | 9.2 | -3.4% |
| Japan | 0.2 | 1.6 | 1.9 | 1.4 | 91.3% |
| Hong Kong SAR | 1.4 | 0.8 | 1.9 | 1.4 | 0.0% |
| United States | 1.2 | 1.7 | 2.3 | 1.0 | -5.9% |
| Qatar | 0.3 | 0.4 | 0.2 | 0.9 | 44.2% |
| Indonesia | 1.4 | 0.4 | 0.6 | 0.9 | -13.7% |
| Brunei Darussalam | 1.2 | 0.8 | 0.9 | 0.8 | -12.6% |
| Taiwan (Chinese) | N/A | 0.7 | 0.2 | 0.5 | -15.5% |
| Australia | 0.6 | 0.4 | 0.6 | 0.3 | -20.6% |
| Philippines | 0.5 | 0.5 | 0.1 | 0.2 | -26.3% |
| Canada | 0.3 | 0.1 | N/A | 0.1 | -30.7% |
| Vietnam | 7.0 | N/A | 0.1 | 0.1 | -75.7% |
| New Zealand | 0.1 | 0.1 | 0.3 | 0.1 | 0.0% |
| Others | 2.6 | 1.7 | 1.5 | 1.2 | -22.7% |
| Total | 26.9 | 15.1 | 17.8 | 18.1 | -12.4% |
Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Singapore in 2022:
- Malaysia (470.5 tons)
- United States (185.0 tons)
- Japan (134.8 tons)
- Qatar (92.0 tons)
- Brunei Darussalam (68.1 tons)
- Hong Kong SAR (65.2 tons)
- Indonesia (55.6 tons)
- Philippines (34.7 tons)
- Australia (30.6 tons)
- Taiwan (Chinese) (25.7 tons)
- New Zealand (21.6 tons)
- Canada (9.5 tons)
- Vietnam (7.9 tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in Singapore.
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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 Singapore.
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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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