Price for Crustaceans, molluscs and other aquatic invertebrates, prepared or preserved in the United Arab Emirates - 2022

Contents:

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

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $5,659 per ton, with a decrease of -22.3% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of 21% against the previous year. The export price peaked at $7,763 per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($28,314 per ton), while the average price for exports to Morocco ($4,120 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 the United States (+15.2%), while the prices for the other major destinations experienced mixed trend patterns.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United Arab Emirates (CIF) - 2022

In 2022, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $7,630 per ton, declining by -7.4% against the previous year. Overall, the import price recorded a perceptible reduction. The pace of growth appeared the most rapid in 2018 when the average import price increased by 58% against the previous year. As a result, import price attained the peak level of $11,440 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Indonesia ($31,744 per ton), while the price for Iran ($1,937 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+3.0%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United Arab Emirates

Exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds from the United Arab Emirates soared to 29K tons in 2022, growing by 3,919% on the previous year's figure. In general, exports posted a significant increase. As a result, the exports attained 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 soared to $167M in 2022. Overall, exports saw a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Export of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
EgyptN/AN/AN/A1330%
Maldives0.3N/A0.34.6148.4%
Morocco0.10.10.12.1175.9%
Saudi Arabia7.58.52.01.8-37.9%
Others2.04.93.025.5133.6%
Total10.013.55.3167155.6%

Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from the United Arab Emirates in 2022:

  1. Egypt (25.4K tons)
  2. Morocco (0.5K tons)
  3. Maldives (0.5K tons)
  4. Saudi Arabia (0.2K tons)

Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United Arab Emirates

In 2022, overseas purchases of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds decreased by -55.8% to 2.1K tons, falling for the second consecutive year after two years of growth. Over the period under review, imports saw a deep slump. The most prominent rate of growth was recorded in 2020 with an increase of 100%. As a result, imports reached the peak of 5.1K tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds fell sharply to $16M in 2022. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2020 when imports increased by 95%. As a result, imports reached the peak of $47M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam1.510.03.14.544.2%
China15.825.722.02.0-49.8%
Indonesia0.80.70.71.317.6%
Spain0.10.10.21.0115.4%
CanadaN/A0.10.50.9200.0%
France0.20.30.40.965.1%
Thailand0.80.30.30.80.0%
India0.66.50.80.75.3%
Chile0.70.20.50.70.0%
Malaysia0.40.40.70.57.7%
IranN/AN/AN/A0.20%
Philippines0.10.10.10.226.0%
South Korea0.30.20.20.1-30.7%
Others3.02.910.02.4-7.2%
Total24.447.439.516.2-12.8%

Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to the United Arab Emirates in 2022:

  1. Vietnam (395.3 tons)
  2. China (388.4 tons)
  3. Chile (287.4 tons)
  4. India (206.2 tons)
  5. Thailand (105.6 tons)
  6. France (104.5 tons)
  7. Spain (88.2 tons)
  8. Iran (79.7 tons)
  9. Philippines (74.3 tons)
  10. Canada (69.4 tons)
  11. Malaysia (60.9 tons)
  12. South Korea (41.3 tons)
  13. Indonesia (40.9 tons)

Source: IndexBox Market Intelligence Platform

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