Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Lithuania - 2023

Contents:

1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Lithuania (CIF) - 2023
2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Lithuania (FOB) - 2022
3. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Lithuania
4. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Lithuania

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Lithuania (CIF) - 2023

In September 2023, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $7,860 per ton, remaining stable against the previous month. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 2.8% against the previous month. Over the period under review, average import prices attained the peak figure at $8,485 per ton in December 2022; however, from January 2023 to September 2023, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In September 2023, the country with the highest price was Belgium ($11,669 per ton), while the price for the Netherlands ($7,476 per ton) was amongst the lowest.

From December 2022 to September 2023, the most notable rate of growth in terms of prices was attained by Belgium (+4.4%), 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 Lithuania (FOB) - 2022

In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $9,425 per ton, surging by 5.5% against the previous year. Over the period under review, the export price continues to indicate a noticeable expansion. The growth pace was the most rapid in 2021 when the average export price increased by 75% against the previous year. The export price peaked in 2022 and is expected to retain growth in the near future.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Slovenia ($10,874 per ton), while the average price for exports to Bulgaria ($3,930 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 Germany (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

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

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses imported into Lithuania skyrocketed to 405 tons, growing by 22% compared with 2021. Over the period under review, imports recorded a significant increase. The growth pace was the most rapid in 2021 when imports increased by 77% against the previous year. Over the period under review, imports of attained the peak figure in 2022 and are expected to retain growth in years to come.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses soared to $3.4M in 2022. Overall, imports saw significant growth. The pace of growth was the most pronounced in 2021 with an increase of 72% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.

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

1. Sweden (127.0 tons)
2. Netherlands (75.5 tons)
3. Vietnam (62.8 tons)
4. Denmark (40.9 tons)
5. Nicaragua (21.3 tons)
6. India (20.0 tons)
7. Latvia (19.9 tons)
8. Ukraine (14.6 tons)
9. Belgium (11.1 tons)

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

In 2022, overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -35.8% to 51 tons, falling for the second consecutive year after two years of growth. In general, exports saw a deep contraction. The pace of growth was the most pronounced in 2020 when exports increased by 114%. As a result, the exports reached the peak of 200 tons. From 2021 to 2022, the growth of the exports of failed to regain momentum.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses declined significantly to $479K in 2022. Overall, exports saw a deep reduction. The growth pace was the most rapid in 2020 with an increase of 57% against the previous year. As a result, the exports attained the peak of $1M. From 2021 to 2022, the growth of the exports of remained at a lower figure.

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

1. Estonia (25.0 tons)
2. Latvia (14.4 tons)
3. Germany (3.5 tons)
4. Bulgaria (3.0 tons)
5. Slovenia (2.1 tons)
6. Hungary (1.6 tons)
7. Ukraine (0.3 tons)
8. Belarus (0.2 tons)

Source: IndexBox Market Intelligence Platform