Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Venezuela - 2022

Contents:

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

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Venezuela (FOB) - 2022

In 2022, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $17,946 per ton, declining by -1.9% against the previous year. Over the last decade, it increased at an average annual rate of +3.0%. The most prominent rate of growth was recorded in 2013 an increase of 21%. Over the period under review, the average export prices reached the peak figure at $18,550 per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2022, the rate of growth in terms of prices for the United States amounted to +3.2% per year.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Venezuela (CIF) - 2022

The average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $7,373 per ton in 2022, surging by 33% against the previous year. Overall, the import price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2018 an increase of 60%. As a result, import price attained the peak level of $11,913 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Taiwan (Chinese) ($14,026 per ton), while the price for Italy ($7,013 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Taiwan (Chinese) (+3.9%), while the prices for the other major suppliers experienced a decline.

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

In 2022, approx. 4.7K tons of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds were exported from Venezuela; growing by 23% on 2021 figures. Overall, total exports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +16.8% 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 +83.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49%. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in years to come.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds skyrocketed to $84M in 2022. Over the period under review, exports saw a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 67% against the previous year. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in years to come.

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

1. United States (4.6K tons)

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

In 2022, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds into Venezuela surged to 137 tons, jumping by 156% compared with 2021 figures. In general, imports continue to indicate significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 327% against the previous year. Imports peaked in 2022 and are likely to see steady growth in the immediate term.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds surged to $1M in 2022. Over the period under review, imports continue to indicate a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United States (123.1 tons)
2. Chile (9.2 tons)
3. Spain (3.2 tons)

Source: IndexBox Market Intelligence Platform