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

Contents:

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

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

The average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $5,203 per ton in October 2023, falling by -14.7% against the previous month. Over the period under review, the export price recorded a noticeable shrinkage. The growth pace was the most rapid in August 2023 an increase of 27% m-o-m. Over the period under review, the average export prices reached the peak figure at $6,627 per ton in February 2023; however, from March 2023 to October 2023, the export prices failed to regain momentum.

Average prices varied noticeably for the major export markets. In October 2023, the country with the highest price was Lithuania ($5,357 per ton), while the average price for exports to France amounted to $4,474 per ton.

From February 2023 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Israel (0.0%), while the prices for the other major destinations experienced a decline.

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

The average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $1,451 per ton in 2022, with an increase of 12% against the previous year. Over the period under review, the import price enjoyed prominent growth. The growth pace was the most rapid in 2017 when the average import price increased by 105%. Over the period under review, average import prices hit record highs at $8,054 per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($1,563 per ton), while the price for the United States stood at $1,439 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+9.5%).

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

In 2022, after two years of decline, there was significant growth in shipments abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s, when their volume increased by 50% to 148 tons. In general, exports, however, recorded a sharp setback.

In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $927K in 2022. Overall, exports, however, saw a precipitous decrease.

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

1. Ukraine (132.0 tons)
2. France (15.0 tons)

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

After three years of growth, supplies from abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -47.5% to 1 tons in 2022. In general, imports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 1,398% against the previous year. As a result, imports attained the peak of 2 tons, and then reduced markedly in the following year.

In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s contracted dramatically to $1.5K in 2022. Over the period under review, imports, however, saw significant growth. The most prominent rate of growth was recorded in 2021 when imports increased by 450% against the previous year. As a result, imports attained the peak of $2.5K, and then reduced remarkably in the following year.

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

1. United States (928.0 kg)
2. Germany (103.0 kg)

Source: IndexBox Market Intelligence Platform