Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Canada - 2024
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Canada (CIF) - 2024
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Canada (FOB) - 2023
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Canada
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Canada
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Canada (CIF) - 2024
The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $8,673 per ton in September 2023, waning by -10.8% against the previous month. In general, the import price saw a slight contraction. The pace of growth was the most pronounced in February 2023 when the average import price increased by 8% month-to-month. Over the period under review, average import prices reached the maximum at $10,971 per ton in March 2023; however, from April 2023 to September 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Chile ($16,547 per ton), while the price for the Philippines ($4,396 per ton) was amongst the lowest.
From January 2023 to September 2023, the most notable rate of growth in terms of prices was attained by Chile (+8.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Canada (FOB) - 2023
The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $9,270 per ton in September 2023, which is down by -36.8% against the previous month. Over the period under review, the export price continues to indicate a perceptible setback. The most prominent rate of growth was recorded in July 2023 an increase of 72% against the previous month. Over the period under review, the average export prices attained the peak figure at $16,865 per ton in February 2023; however, from March 2023 to September 2023, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Vietnam ($11,239 per ton), while the average price for exports to the United States ($6,825 per ton) was amongst the lowest.
From December 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to India (0.0%), while the prices for the other major destinations experienced a decline.
Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Canada
For the fourth year in a row, Canada recorded growth in supplies from abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, which increased by 39% to 4.7K tons in 2022. Over the period under review, total imports indicated significant growth from 2019 to 2022: its volume increased at an average annual rate of +21.6% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +79.8% against 2019 indices. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses skyrocketed to $48M in 2022. Overall, imports posted a significant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 10.4 | 12.2 | 9.9 | 23.5 | 31.2% |
| India | 1.2 | 8.4 | 12.6 | 14.3 | 128.4% |
| Thailand | 2.0 | 3.1 | 3.8 | 3.3 | 18.2% |
| China | 5.5 | 2.4 | 2.0 | 3.0 | -18.3% |
| Indonesia | 0.7 | 0.9 | 0.3 | 1.4 | 26.0% |
| Chile | N/A | N/A | N/A | 0.9 | 0% |
| Philippines | 0.5 | 0.5 | 0.8 | 0.8 | 17.0% |
| Others | 0.8 | 1.0 | 1.8 | 0.8 | 0.0% |
| Total | 21.2 | 28.5 | 31.2 | 48.0 | 31.3% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to Canada in 2022:
- Vietnam (1851.4 tons)
- India (1529.1 tons)
- China (429.2 tons)
- Thailand (374.3 tons)
- Indonesia (170.0 tons)
- Philippines (167.3 tons)
- Chile (72.4 tons)
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Canada
After two years of decline, overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses increased by 104% to 293 tons in 2022. Over the period under review, exports, however, recorded a sharp setback.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses surged to $3.1M in 2022. In general, exports, however, recorded a precipitous shrinkage.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 4.1 | 1.4 | 1.9 | 1.9 | -22.6% |
| Denmark | 1.9 | 1.3 | N/A | 1.2 | -14.2% |
| Sweden | 0.2 | N/A | N/A | N/A | 0% |
| United Kingdom | 1.1 | N/A | N/A | N/A | 0% |
| Others | 0.2 | 0.1 | N/A | N/A | -50.0% |
| Total | 7.5 | 2.8 | 1.9 | 3.1 | -25.5% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from Canada in 2022:
- United States (182.3 tons)
- Denmark (110.1 tons)
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