Price for Crustacean Preparations; Lobster, Prepared or Preserved in Turkey - 2022

Contents:

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

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

The average import price for crustacean preparations; lobster, prepared or preserveds stood at $13,358 per ton in 2022, with a decrease of -14% against the previous year. In general, the import price recorded a pronounced reduction. The most prominent rate of growth was recorded in 2013 when the average import price increased by 31% against the previous year. As a result, import price attained the peak level of $26,449 per ton. From 2014 to 2022, the average import prices remained at a lower figure.

As there is only one major supplying country, 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 -4.0% per year.

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

The average export price for crustacean preparations; lobster, prepared or preserveds stood at $13,968 per ton in 2021, remaining constant against the previous year. Overall, the export price enjoyed a buoyant expansion. The most prominent rate of growth was recorded in 2019 a decrease of -0.5%. The export price peaked in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the rate of growth in terms of prices for Luxembourg amounted to +16.0% per year.

Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Turkey

For the third consecutive year, Turkey recorded decline in purchases abroad of crustacean preparations; lobster, prepared or preserveds, which decreased by -46.1% to 240 kg in 2022. Overall, imports faced a precipitous shrinkage. The smallest decline of -26.5% was in 2020.

In value terms, imports of crustacean preparations; lobster, prepared or preserveds dropped significantly to $3.2K in 2022. Over the period under review, imports saw a dramatic descent. The smallest decline of -31.9% was in 2020.

Import of Crustacean Preparations; Lobster, Prepared or Preserved in Turkey (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States14.910.26.43.2-40.1%
OthersN/AN/A0.5N/A0%
Total14.910.26.93.2-40.1%

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

  1. United States (240.0 kg)

Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Turkey

In 2021, the amount of crustacean preparations; lobster, prepared or preserveds exported from Turkey stood at 376 kg, remaining constant against the previous year. In general, exports enjoyed a significant expansion. The smallest decline of 99.9% was in 2020. The exports peaked in 2021 and are expected to retain growth in the near future.

In value terms, exports of crustacean preparations; lobster, prepared or preserveds totaled $5.3K in 2021. Over the period under review, exports continue to indicate a significant increase. The smallest decline of 99.9% was in 2020. Over the period under review, the exports of reached the peak figure in 2021 and are likely to see gradual growth in the immediate term.

Export of Crustacean Preparations; Lobster, Prepared or Preserved in Turkey (Thousand USD)
COUNTRY201920202021CAGR,
2019-2021
LuxembourgN/AN/A5.30%
Austria1.2N/AN/A0%
OthersN/AN/AN/A0%
Total1.2N/A5.3110.2%

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

  1. Luxembourg (376.0 kg)

Source: IndexBox Market Intelligence Platform

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