Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in Mexico - 2023

Contents:

  1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Mexico (CIF) - 2023
  2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Mexico (FOB) - 2022
  3. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Mexico
  4. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Mexico

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Mexico (CIF) - 2023

In December 2023, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $3,164 per ton, picking up by 26% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2023 when the average import price increased by 70% m-o-m. Over the period under review, average import prices reached the maximum at $9,543 per ton in June 2023; however, from July 2023 to December 2023, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for China.

From January 2023 to December 2023, the rate of growth in terms of prices for Honduras amounted to +1.1% per month.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Mexico (FOB) - 2022

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $10,913 per ton in 2022, with an increase of 24% against the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The pace of growth was the most pronounced in 2015 an increase of 28%. The export price peaked at $12,080 per ton in 2018; however, from 2019 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 +1.4% per year.

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Mexico

Imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses into Mexico dropped sharply to 564 tons in 2022, falling by -80.4% on the previous year. In general, imports continue to indicate a sharp contraction. The pace of growth appeared the most rapid in 2021 when imports increased by 230%. As a result, imports attained the peak of 2.9K tons, and then reduced rapidly in the following year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses declined sharply to $3.8M in 2022. Over the period under review, imports recorded a sharp descent. The most prominent rate of growth was recorded in 2021 with an increase of 229%. As a result, imports reached the peak of $23M, and then fell remarkably in the following year.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Mexico (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States2.41.05.21.6-12.6%
Honduras2.61.78.51.3-20.6%
China6.73.22.60.9-48.8%
Guatemala0.70.52.6N/A92.7%
Others1.00.74.4N/A109.8%
Total13.47.123.33.8-34.3%

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers to Mexico in 2022:

  1. China (218.6 tons)
  2. United States (199.7 tons)
  3. Honduras (145.2 tons)

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Mexico

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses exported from Mexico shrank sharply to 10 tons, falling by -89.3% compared with the year before. In general, exports faced a precipitous slump. The pace of growth was the most pronounced in 2021 when exports increased by 103%.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses shrank sharply to $109K in 2022. Over the period under review, exports continue to indicate a dramatic setback. The most prominent rate of growth was recorded in 2021 when exports increased by 137%.

Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Mexico (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States1,411348823109-57.4%
Others0.2N/AN/AN/A0%
Total1,411348823109-57.4%

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers from Mexico in 2022:

  1. United States (10.0 tons)

Source: IndexBox Market Intelligence Platform

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