Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in Singapore - 2022
Contents:
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore (CIF) - 2022
- Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore (FOB) - 2022
- Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore
- Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore (CIF) - 2022
The average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $12,260 per ton in 2022, growing by 3.9% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of 42% against the previous year. The import price peaked at $13,931 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Japan ($20,239 per ton), while the price for Malaysia ($8,614 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Malaysia (+14.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore (FOB) - 2022
In 2022, the average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $7,117 per ton, waning by -44.2% against the previous year. Overall, the export price continues to indicate a abrupt descent. The growth pace was the most rapid in 2018 an increase of 38% against the previous year. Over the period under review, the average export prices hit record highs at $21,049 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Brunei Darussalam ($7,059 per ton), while the average price for exports to Malaysia ($6,158 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 South Korea (+2.7%), 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 Singapore
In 2022, approx. 91 tons of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s were imported into Singapore; jumping by 104% on the previous year's figure. In general, imports posted a significant expansion. The pace of growth appeared the most rapid in 2020 when imports increased by 285% against the previous year. As a result, imports reached the peak of 97 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 surged to $1.1M in 2022. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2020 with an increase of 275% against the previous year. Over the period under review, imports of reached the maximum in 2022 and are expected to retain growth in years to come.
Import of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
China | 133 | 613 | 270 | 951 | 92.7% |
Japan | 40.6 | 66.9 | 107 | 94.9 | 32.7% |
Taiwan (Chinese) | 34.4 | 49.3 | 59.0 | 57.1 | 18.4% |
Indonesia | N/A | 50.0 | 83.3 | 5.9 | -65.6% |
Others | 7.3 | 26.9 | 7.7 | 8.6 | 5.6% |
Total | 215 | 806 | 528 | 1,117 | 73.2% |
Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to Singapore in 2022:
- China (81.8 tons)
- Japan (4.7 tons)
- Taiwan (Chinese) (3.8 tons)
- Indonesia (0.4 tons)
Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore
After two years of decline, shipments abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s increased by 1,497% to 4.2 tons in 2022. In general, exports continue to indicate significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s surged to $30K in 2022. Overall, exports posted a resilient increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
Export of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Singapore (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
Malaysia | 2.7 | 6.5 | 0.9 | 18.3 | 89.2% |
Timor-Leste | N/A | N/A | N/A | 5.6 | 0% |
Brunei Darussalam | N/A | 0.1 | N/A | 2.6 | 409.9% |
Indonesia | N/A | 1.6 | N/A | N/A | 0% |
United Arab Emirates | 3.3 | N/A | 2.1 | N/A | -20.2% |
Australia | 10.3 | N/A | N/A | N/A | 0% |
Others | 1.6 | 0.8 | 0.4 | 3.0 | 23.3% |
Total | 17.8 | 9.0 | 3.3 | 29.5 | 18.3% |
Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from Singapore in 2022:
- Malaysia (3.0 tons)
- Timor-Leste (0.8 tons)
- Brunei Darussalam (0.4 tons)
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Singapore.
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
This report provides an in-depth analysis of the market for prepared or preserved crab meat in Singapore.
This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
Explore the top import markets for prepared or preserved crab meat in 2023. Discover the key countries driving the global trade of crab meat.
Explore the top import markets for prepared or preserved crab meat in 2023. Discover the key countries driving the global trade of crab meat.