Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United States - 2023
Contents:
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United States (CIF) - 2023
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United States (FOB) - 2023
- Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United States
- Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United States
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United States (CIF) - 2023
In December 2023, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $10,235 per ton, standing approximately at the previous month. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average import price increased by 11% m-o-m. Over the period under review, average import prices attained the maximum at $11,706 per ton in June 2023; however, from July 2023 to December 2023, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In December 2023, the country with the highest price was Canada ($23,938 per ton), while the price for Chile ($4,501 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by the Philippines (+4.3%), 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 the United States (FOB) - 2023
The average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $9,897 per ton in December 2023, dropping by -8.4% against the previous month. In general, the export price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in May 2023 when the average export price increased by 20% against the previous month. The export price peaked at $10,809 per ton in November 2023, and then contracted in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Singapore ($33,597 per ton), while the average price for exports to India ($7,096 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+6.5%), 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 the United States
For the fourth consecutive year, the United States recorded growth in purchases abroad of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds, which increased by 6.1% to 337K tons in 2022. The total import volume increased at an average annual rate of +10.5% from 2019 to 2022; however, 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 18% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds totaled $3.9B in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +13.5% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.3% against 2019 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 36% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Indonesia | 608 | 725 | 971 | 1,030 | 19.2% |
| India | 283 | 424 | 503 | 680 | 33.9% |
| Vietnam | 415 | 500 | 592 | 588 | 12.3% |
| Canada | 300 | 265 | 570 | 393 | 9.4% |
| Thailand | 297 | 298 | 321 | 329 | 3.5% |
| China | 281 | 176 | 216 | 208 | -9.5% |
| Ecuador | 28.6 | 45.7 | 61.4 | 90.1 | 46.6% |
| Chile | 43.5 | 44.4 | 53.9 | 73.4 | 19.1% |
| Egypt | 37.2 | 30.7 | 22.6 | 64.8 | 20.3% |
| Others | 358 | 268 | 452 | 422 | 5.6% |
| Total | 2,651 | 2,777 | 3,762 | 3,878 | 13.5% |
Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to the United States in 2022:
- Indonesia (80.7K tons)
- India (60.4K tons)
- Vietnam (54.2K tons)
- China (35.1K tons)
- Thailand (29.9K tons)
- Chile (14.1K tons)
- Canada (11.7K tons)
- Egypt (11.0K tons)
- Ecuador (10.0K tons)
Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United States
In 2022, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds from the United States shrank remarkably to 10K tons, which is down by -21.1% on the previous year. Overall, total exports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +51.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 92% against the previous year. As a result, the exports reached the peak of 13K tons, and then fell rapidly in the following year.
In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds shrank to $97M in 2022. Over the period under review, total exports indicated strong growth from 2019 to 2022: its value increased at an average annual rate of +6.4% 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 +42.8% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 66% against the previous year. As a result, the exports attained the peak of $113M, and then fell in the following year.
| Export of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 26.2 | 25.3 | 28.4 | 32.4 | 7.3% |
| Denmark | 10.7 | 10.0 | 20.8 | 17.4 | 17.6% |
| Mexico | 6.8 | 5.4 | 13.8 | 8.0 | 5.6% |
| South Korea | 0.2 | 1.0 | 3.6 | 3.9 | 169.2% |
| Indonesia | 1.2 | 1.3 | 0.9 | 3.4 | 41.5% |
| Colombia | 0.4 | 0.3 | 1.1 | 3.1 | 97.9% |
| Netherlands | 0.1 | 0.1 | 11.2 | 2.1 | 175.9% |
| Japan | 3.6 | 1.2 | 1.5 | 1.5 | -25.3% |
| Australia | 0.8 | 0.9 | 1.3 | 1.1 | 11.2% |
| India | 3.5 | 0.2 | 6.2 | 1.0 | -34.1% |
| Germany | 0.5 | 0.4 | N/A | N/A | -20.0% |
| Others | 26.2 | 21.8 | 23.8 | 22.7 | -4.7% |
| Total | 80.2 | 67.7 | 113 | 96.7 | 6.4% |
Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from the United States in 2022:
- Canada (3061.0 tons)
- Denmark (2340.0 tons)
- Mexico (1047.5 tons)
- Japan (324.8 tons)
- South Korea (305.9 tons)
- Netherlands (304.5 tons)
- Colombia (290.3 tons)
- Indonesia (260.8 tons)
- Australia (189.9 tons)
- India (122.2 tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in the U.S..
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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 the U.S..
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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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American imports of prepared or preserved crab meat show a sign of recovery this year. In the first seven months of 2021, the U.S. imported 17.5K tons of crab meat, which was +4.4% higher than the figures for the same period of 2020. In 2021, the average price for imported crab meat rose approximately by +22% compared to the previous year. Indonesia remains the largest supplier, providing nearly half of the total American import volume. Last year, the U.S. boosted purchases from Indonesia, while imports from Venezuela and China declined.
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American imports of prepared or preserved crab meat show a sign of recovery this year. In the first seven months of 2021, the U.S. imported 17.5K tons of crab meat, which was +4.4% higher than the figures for the same period of 2020. In 2021, the average price for imported crab meat rose approximately by +22% compared to the previous year. Indonesia remains the largest supplier, providing nearly half of the total American import volume. Last year, the U.S. boosted purchases from Indonesia, while imports from Venezuela and China declined.
