Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Saudi Arabia - 2022
Contents:
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Saudi Arabia (FOB) - 2022
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Saudi Arabia (CIF) - 2022
- Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Saudi Arabia
- Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Saudi Arabia
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Saudi Arabia (FOB) - 2022
In 2020, the average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to less than $0.1 per ton, shrinking by 99.9% against the previous year. In general, the export price continues to indicate a perceptible downturn. The most prominent rate of growth was recorded in 2019 when the average export price decreased by -2.6% against the previous year. Over the period under review, the average export prices hit record highs at $12,295 per ton in 2018; however, from 2019 to 2020, the export prices failed to regain momentum.
Average prices varied somewhat for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was Jordan ($12,488 per ton), while the average price for exports to Malaysia totaled $9,428 per ton.
From 2018 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (+0.8%).
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Saudi Arabia (CIF) - 2022
In 2020, the average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $8,802 per ton, surging by 12% against the previous year. Over the last one years, it increased at an average annual rate of +12.1%. As a result, import price attained the peak level and is likely to continue growth in the immediate term.
As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.
From 2019 to 2020, the rate of growth in terms of prices for the United Arab Emirates amounted to +13.4% per year.
Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Saudi Arabia
In 2022, shipments abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s decreased by -42.2% to 3.8 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports saw a dramatic slump.
In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s reduced remarkably to $52K in 2022. Overall, exports faced a dramatic curtailment.
| Export of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Saudi Arabia (Thousand USD) | |||
|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 |
| Jordan | 446 | 95.2 | -78.7% |
| Malaysia | N/A | 45.2 | 0% |
| Others | 16.3 | -140.5 | -962.0% |
| Total | 462 | N/A | 0% |
Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from Saudi Arabia in 2022:
- Jordan (7.6 tons)
- Malaysia (4.8 tons)
Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Saudi Arabia
In 2020, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s into Saudi Arabia fell to 925 tons, with a decrease of -8.4% on 2019. In general, imports showed a abrupt decline.
In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s rose modestly to $8.1M in 2020. The total import value increased at an average annual rate of +2.7% over the period from 2019 to 2020; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Saudi Arabia (Million USD) | |||
|---|---|---|---|
| COUNTRY | 2019 | 2020 | CAGR, 2019-2020 |
| United Arab Emirates | 7.5 | 8.0 | 6.7% |
| Others | 0.4 | 0.1 | -75.0% |
| Total | 7.9 | 8.1 | 2.5% |
Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to Saudi Arabia in 2022:
- United Arab Emirates (901.0 tons)
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