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

Contents:

  1. Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Venezuela (CIF) - 2022
  2. Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in Venezuela

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

The average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s stood at $16,465 per ton in 2022, picking up by 63% against the previous year. Overall, the import price showed a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 64% against the previous year. Over the period under review, average import prices reached the maximum in 2022 and is expected to retain growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for Spain.

From 2012 to 2022, the rate of growth in terms of prices for Chile amounted to +32.8% per year.

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

For the third consecutive year, Venezuela recorded growth in purchases abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s, which increased by 32% to 99 kg in 2022. Overall, total imports indicated a significant expansion from 2020 to 2022: its volume increased at an average annual rate of +31.8% over the last two years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +73.7% against 2020 indices. As a result, imports attained the peak 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 skyrocketed to $1.6K in 2022. Over the period under review, imports showed a significant increase. As a result, imports reached 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 Venezuela (Thousand USD)
COUNTRY202020212022CAGR,
2020-2022
Spain0.80.81.641.4%
OthersN/AN/AN/A0%
Total0.80.81.641.4%

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

  1. Spain (99.0 kg)

Source: IndexBox Market Intelligence Platform

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