Price for Crustacean Preparations; Lobster, Prepared or Preserved in the UK - 2023

Contents:

1. Price for Crustacean Preparations; Lobster, Prepared or Preserved in the UK (CIF) - 2022
2. Price for Crustacean Preparations; Lobster, Prepared or Preserved in the UK (FOB) - 2022
3. Imports of Crustacean Preparations; Lobster, Prepared or Preserved in the UK
4. Exports of Crustacean Preparations; Lobster, Prepared or Preserved in the UK

Price for Crustacean Preparations; Lobster, Prepared or Preserved in the UK (CIF) - 2022

The average import price for crustacean preparations; lobster, prepared or preserveds stood at $20,661 per ton in 2022, which is down by -46.2% against the previous year. In general, import price indicated a temperate increase from 2012 to 2022: its price increased at an average annual rate of +3.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 an increase of 63% against the previous year. Over the period under review, average import prices attained the peak figure at $38,398 per ton in 2021, and then fell significantly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($50,622 per ton), while the price for France ($8,931 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+10.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Crustacean Preparations; Lobster, Prepared or Preserved in the UK (FOB) - 2022

The average export price for crustacean preparations; lobster, prepared or preserveds stood at $6,174 per ton in 2022, declining by -71% against the previous year. Overall, the export price continues to indicate a abrupt descent. The most prominent rate of growth was recorded in 2016 an increase of 18% against the previous year. As a result, the export price attained the peak level of $21,835 per ton. From 2017 to 2022, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United Arab Emirates ($20,006 per ton), while the average price for exports to Hong Kong SAR ($3,807 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 Spain (+17.9%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crustacean Preparations; Lobster, Prepared or Preserved in the UK

In 2022, the amount of crustacean preparations; lobster, prepared or preserveds imported into the UK skyrocketed to 262 tons, growing by 26% on the previous year's figure. In general, imports, however, showed a pronounced decrease. The pace of growth appeared the most rapid in 2021 with an increase of 31% against the previous year.

In value terms, imports of crustacean preparations; lobster, prepared or preserveds fell rapidly to $5.4M in 2022. Overall, imports, however, showed a deep contraction. The most prominent rate of growth was recorded in 2021 with an increase of 82% against the previous year.

Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to the UK in 2022:

1. Canada (258.2 tons)
2. France (2.9 tons)
3. Denmark (0.4 tons)

Exports of Crustacean Preparations; Lobster, Prepared or Preserved in the UK

In 2022, after three years of growth, there was significant decline in shipments abroad of crustacean preparations; lobster, prepared or preserveds, when their volume decreased by -92.9% to 8.4 tons. In general, exports faced a dramatic setback. The growth pace was the most rapid in 2021 when exports increased by 36% against the previous year. As a result, the exports attained the peak of 118 tons, and then shrank significantly in the following year.

In value terms, exports of crustacean preparations; lobster, prepared or preserveds dropped markedly to $52K in 2022. Overall, exports saw a sharp contraction. The pace of growth appeared the most rapid in 2021 with an increase of 55%. As a result, the exports reached the peak of $2.5M, and then contracted notably in the following year.

Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from the UK in 2022:

1. Ireland (6.5 tons)
2. Hong Kong SAR (1.0 tons)
3. United Arab Emirates (0.7 tons)
4. Gibraltar (0.2 tons)

Source: IndexBox Market Intelligence Platform