Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Indonesia - 2022

Contents:

1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Indonesia (FOB) - 2022
2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Indonesia (CIF) - 2022
3. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Indonesia
4. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Indonesia

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Indonesia (FOB) - 2022

In March 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $8,328 per ton, rising by 2.6% against the previous month. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in February 2022 when the average export price increased by 8.5% against the previous month. The export price peaked in March 2022.

Average prices varied somewhat for the major export markets. In March 2022, the country with the highest price was the UK ($9,723 per ton), while the average price for exports to the United States ($7,596 per ton) was amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.3%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Indonesia (CIF) - 2022

In 2022, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $9,865 per ton, picking up by 16% against the previous year. In general, import price indicated a perceptible increase from 2012 to 2022: its price increased at an average annual rate of +4.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses increased by +19.5% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of 62%. As a result, import price attained the peak level of $12,282 per ton. From 2019 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($25,892 per ton), while the price for Malaysia ($3,515 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+10.5%), while the prices for the other major suppliers experienced mixed trend patterns.

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Indonesia

After two years of decline, shipments abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses increased by 10% to 7K tons in 2022. In general, exports, however, showed a noticeable shrinkage.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses surged to $74M in 2022. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern.

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from Indonesia in 2022:

1. United States (4.0K tons)
2. Japan (2.3K tons)
3. United Kingdom (0.2K tons)
4. Germany (0.1K tons)

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Indonesia

After three years of growth, overseas purchases of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -8.3% to 55 tons in 2022. Over the period under review, total imports indicated a buoyant increase from 2019 to 2022: its volume increased at an average annual rate of +10.5% 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 +34.9% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 37%. As a result, imports attained the peak of 60 tons, and then contracted in the following year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses expanded markedly to $540K in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +14.5% 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 +50.3% against 2019 indices. The growth pace was the most rapid in 2021 when imports increased by 40% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in years to come.

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to Indonesia in 2022:

1. Japan (24.8 tons)
2. China (15.7 tons)
3. United States (7.8 tons)
4. Malaysia (5.6 tons)
5. Singapore (0.3 tons)

Source: IndexBox Market Intelligence Platform