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

Contents:

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

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

The average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $5,555 per ton in October 2023, with a decrease of -9% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +1.4%. The growth pace was the most rapid in September 2023 an increase of 22% month-to-month. As a result, the export price reached the peak level of $6,106 per ton, and then fell in the following month.

There were significant differences in the average prices for the major foreign markets. In October 2023, the country with the highest price was the United States ($11,740 per ton), while the average price for exports to Norway ($3,349 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Greece (+4.2%), 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 Spain (CIF) - 2023

The average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $4,228 per ton in October 2023, declining by -32.4% against the previous month. Overall, the import price continues to indicate a mild contraction. The growth pace was the most rapid in September 2023 an increase of 19% against the previous month. As a result, import price attained the peak level of $6,253 per ton, and then fell sharply in the following month.

There were significant differences in the average prices amongst the major supplying countries. In October 2023, the country with the highest price was the UK ($14,366 per ton), while the price for Vietnam ($1,738 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Turkey (+1.8%), while the prices for the other major suppliers experienced more modest paces of growth.

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

In 2022, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds from Spain expanded significantly to 63K tons, growing by 9.1% on the previous year. The total export volume increased at an average annual rate of +7.5% over the period 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. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $311M in 2022. Overall, total exports indicated a strong expansion from 2019 to 2022: its value increased at an average annual rate of +11.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +39.6% against 2019 indices. The most prominent rate of growth was recorded in 2021 with an increase of 31%. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the near future.

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

1. France (23.4K tons)
2. Italy (11.2K tons)
3. United States (5.2K tons)
4. Portugal (4.7K tons)
5. Germany (4.4K tons)
6. Netherlands (1.7K tons)
7. Greece (1.4K tons)
8. Belgium (1.4K tons)
9. United Kingdom (1.1K tons)

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

For the fourth consecutive year, Spain recorded growth in supplies from abroad of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds, which increased by 2.7% to 45K tons in 2022. The total import volume increased at an average annual rate of +7.4% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 11% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in the immediate term.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds reached $206M in 2022. The total import value increased at an average annual rate of +9.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16%. Over the period under review, imports of attained the peak figure in 2022 and are likely to see gradual growth in the near future.

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

1. Chile (16.0K tons)
2. Vietnam (14.5K tons)
3. Netherlands (5.2K tons)
4. Portugal (1.6K tons)
5. United Kingdom (1.5K tons)
6. Peru (1.5K tons)
7. Turkey (0.8K tons)

Source: IndexBox Market Intelligence Platform