Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in Kuwait - 2022
Contents:
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Kuwait (CIF) - 2022
- Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Kuwait
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Kuwait (CIF) - 2022
In 2022, the average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $10,631 per ton, picking up by 3.2% against the previous year. In general, the import price continues to indicate a strong expansion. The most prominent rate of growth was recorded in 2019 when the average import price increased by 27% against the previous year. The import price peaked in 2022 and is expected to retain growth in years to come.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($10,692 per ton), while the price for Vietnam amounted to $10,628 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+25.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Kuwait
In 2022, the amount of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s imported into Kuwait surged to 1.5 tons, with an increase of 70% against 2021 figures. In general, imports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 232%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the immediate term.
In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s surged to $16K in 2022. Overall, imports saw a significant increase. The pace of growth was the most pronounced in 2021 when imports increased by 298%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 0.1 | N/A | 0.5 | 14.9 | 430.1% |
| Italy | N/A | N/A | N/A | 0.7 | 0% |
| South Korea | 0.3 | 0.2 | 0.4 | N/A | 15.5% |
| United States | 0.6 | 0.4 | 1.0 | N/A | 29.1% |
| India | 0.2 | 0.2 | 0.4 | N/A | 41.4% |
| Philippines | 0.2 | 0.1 | 0.1 | N/A | -29.3% |
| United Arab Emirates | 1.0 | 1.1 | 6.2 | N/A | 149.0% |
| Others | 0.4 | 0.2 | 0.3 | N/A | -13.4% |
| Total | 2.9 | 2.2 | 8.9 | 15.6 | 75.2% |
Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to Kuwait in 2022:
- Vietnam (1400.0 kg)
- Italy (65.0 kg)
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