Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in Belgium - 2023

Contents:

1. Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Belgium (CIF) - 2023
2. Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Belgium (FOB) - 2022
3. Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Belgium
4. Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Belgium

Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Belgium (CIF) - 2023

In November 2023, the average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $7,482 per ton, declining by -40.4% against the previous month. In general, the import price continues to indicate a noticeable descent. The pace of growth was the most pronounced in July 2023 when the average import price increased by 75% m-o-m. The import price peaked at $17,467 per ton in January 2023; however, from February 2023 to November 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was France ($15,545 per ton), while the price for Spain ($2,310 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Belgium (FOB) - 2022

In 2022, the average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $13,924 per ton, picking up by 5.4% against the previous year. Over the last decade, it increased at an average annual rate of +1.9%. The growth pace was the most rapid in 2018 when the average export price increased by 21%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to see steady growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the UK ($18,011 per ton), while the average price for exports to Germany ($5,968 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 the UK (+7.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Belgium

In 2022, supplies from abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -26.2% to 204 tons, falling for the second consecutive year after two years of growth. In general, imports showed a drastic downturn. The pace of growth appeared the most rapid in 2020 with an increase of 8.7% against the previous year. As a result, imports attained the peak of 412 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s dropped markedly to $2.5M in 2022. Over the period under review, imports continue to indicate a dramatic decline. The smallest decline of -13.3% was in 2021.

Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to Belgium in 2022:

1. Netherlands (162.4 tons)
2. France (15.4 tons)
3. Spain (13.8 tons)
4. Italy (6.9 tons)

Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Belgium

After three years of growth, shipments abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -30.8% to 131 tons in 2022. Over the period under review, exports recorded a abrupt downturn. The pace of growth was the most pronounced in 2020 with an increase of 4.1%.

In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s contracted dramatically to $1.8M in 2022. Overall, exports recorded a noticeable contraction. The growth pace was the most rapid in 2021 with an increase of 11%. As a result, the exports attained the peak of $2.5M, and then declined rapidly in the following year.

Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from Belgium in 2022:

1. France (59.4 tons)
2. Netherlands (59.4 tons)
3. Luxembourg (5.1 tons)
4. Germany (4.0 tons)

Source: IndexBox Market Intelligence Platform