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China - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Crustaceans Price in China - 2023
Contents:
- Frozen Crustaceans Price in China (CIF) - 2023
- Frozen Crustaceans Price in China (FOB) - 2023
- Frozen Crustaceans Imports in China
- Frozen Crustaceans Exports in China
Frozen Crustaceans Price in China (CIF) - 2023
In September 2023, the average frozen crustaceans import price amounted to $5,571 per ton, remaining constant against the previous month. Overall, the import price, however, continues to indicate a noticeable decline. The pace of growth appeared the most rapid in April 2023 when the average import price increased by 5.7% against the previous month. The import price peaked at $7,141 per ton in September 2022; however, from October 2022 to September 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Russia ($12,854 per ton), while the price for Ecuador ($4,643 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Greenland (+0.2%), while the prices for the other major suppliers experienced a decline.
Frozen Crustaceans Price in China (FOB) - 2023
The average frozen crustaceans export price stood at $8,599 per ton in September 2023, shrinking by -12% against the previous month. In general, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 15% m-o-m. The export price peaked at $9,775 per ton in August 2023, and then fell in the following month.
There were significant differences in the average prices for the major export markets. In September 2023, the country with the highest price was Chile ($11,691 per ton), while the average price for exports to South Korea ($4,245 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (-0.1%), while the prices for the other major destinations experienced a decline.
Frozen Crustaceans Imports in China
Frozen crustaceans imports into China skyrocketed to 971K tons in 2022, growing by 44% compared with the previous year's figure. Overall, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.5% 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 +54.4% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, frozen crustaceans imports surged to $6.6B in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +12.7% 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 +82.6% against 2020 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
Import of Frozen Crustaceans in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Ecuador | 1,840 | 1,697 | 2,172 | 3,543 | 24.4% |
India | 919 | 620 | 746 | 940 | 0.8% |
Canada | 253 | 178 | 192 | 333 | 9.6% |
Vietnam | 253 | 182 | 126 | 253 | 0.0% |
Thailand | 260 | 171 | 209 | 244 | -2.1% |
Greenland | 84.9 | 94.3 | 74.1 | 169 | 25.8% |
Argentina | 253 | 184 | 105 | 146 | -16.7% |
Saudi Arabia | 180 | 37.4 | 66.4 | 109 | -15.4% |
Indonesia | 52.0 | 62.8 | 32.4 | 97.5 | 23.3% |
Others | 537 | 406 | 575 | 797 | 14.1% |
Total | 4,631 | 3,632 | 4,299 | 6,632 | 12.7% |
Top Suppliers of Frozen Crustaceans to China in 2022:
- Ecuador (564.6K tons)
- India (137.6K tons)
- Canada (39.3K tons)
- Vietnam (38.6K tons)
- Greenland (27.5K tons)
- Thailand (24.7K tons)
- Saudi Arabia (18.8K tons)
- Argentina (18.5K tons)
- Indonesia (16.6K tons)
Frozen Crustaceans Exports in China
In 2022, the amount of frozen crustaceans exported from China contracted notably to 71K tons, falling by -25.2% against the year before. In general, exports showed a abrupt downturn. The pace of growth appeared the most rapid in 2021 when exports increased by 2.8%.
In value terms, frozen crustaceans exports reduced to $632M in 2022. Over the period under review, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2021 when exports increased by 3.4% against the previous year.
Export of Frozen Crustaceans in China (Million USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Japan | 219 | 213 | 216 | 196 | -3.6% |
Spain | 87.0 | 78.3 | 97.5 | 80.8 | -2.4% |
South Korea | 123 | 109 | 118 | 75.4 | -15.1% |
United States | 51.4 | 73.8 | 56.9 | 62.0 | 6.4% |
Russia | 18.3 | 25.4 | 34.3 | 51.4 | 41.1% |
Taiwan (Chinese) | 103 | 79.3 | 55.1 | 44.3 | -24.5% |
Hong Kong SAR | 57.0 | 31.4 | 27.7 | 18.9 | -30.8% |
Portugal | 11.3 | 7.3 | 11.0 | 13.1 | 5.1% |
Others | 159 | 101 | 126 | 90.0 | -17.3% |
Total | 828 | 718 | 743 | 632 | -8.6% |
Top Export Markets for Frozen Crustaceans from China in 2022:
- Japan (16.6K tons)
- South Korea (14.7K tons)
- Spain (10.2K tons)
- Russia (7.3K tons)
- United States (6.7K tons)
- Taiwan (Chinese) (3.9K tons)
- Portugal (1.5K tons)
- Hong Kong SAR (1.4K tons)
This report provides an in-depth analysis of the frozen crustaceans market in China. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in China
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.