Price for Crustacean Preparations; Lobster, Prepared or Preserved in the United Arab Emirates - 2022

Contents:

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

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

In 2022, the average export price for crustacean preparations; lobster, prepared or preserveds amounted to $23,625 per ton, picking up by 129% against the previous year. Overall, the export price recorded a buoyant increase. Over the period under review, the average export prices attained the peak figure at $25,384 per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($36,720 per ton), while the average price for exports to France ($9,960 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 Qatar (+12.1%).

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

In 2022, the average import price for crustacean preparations; lobster, prepared or preserveds amounted to $20,159 per ton, dropping by -17.5% against the previous year. Over the period under review, the import price, however, saw a prominent increase. The growth pace was the most rapid in 2014 an increase of 57%. The import price peaked at $24,423 per ton in 2021, and then declined remarkably in the following year.

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 France ($28,628 per ton), while the price for Taiwan (Chinese) ($792 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by France (+9.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Crustacean Preparations; Lobster, Prepared or Preserved in the United Arab Emirates

In 2022, exports of crustacean preparations; lobster, prepared or preserveds from the United Arab Emirates surged to 505 tons, rising by 17,086% on the previous year. In general, exports enjoyed a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of crustacean preparations; lobster, prepared or preserveds skyrocketed to $12M in 2022. Overall, exports posted a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

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

1. United States (249.5 tons)
2. France (95.3 tons)
3. Egypt (74.1 tons)
4. Hong Kong SAR (36.3 tons)
5. Qatar (15.2 tons)
6. Canada (15.0 tons)
7. Australia (10.7 tons)

Imports of Crustacean Preparations; Lobster, Prepared or Preserved in the United Arab Emirates

Imports of crustacean preparations; lobster, prepared or preserveds into the United Arab Emirates surged to 35 tons in 2022, with an increase of 280% against the previous year. In general, imports showed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of crustacean preparations; lobster, prepared or preserveds skyrocketed to $708K in 2022. Overall, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2021 when imports increased by 302%. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.

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

1. Canada (22.9 tons)
2. Taiwan (Chinese) (5.8 tons)
3. United States (1.5 tons)
4. United Kingdom (1.3 tons)
5. India (1.2 tons)
6. France (1.2 tons)
7. Australia (0.7 tons)

Source: IndexBox Market Intelligence Platform