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

Contents:

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

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

In December 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $6,147 per ton, increasing by 10% against the previous month. Over the period under review, the export price, however, recorded a perceptible decline. Over the period under review, the average export prices hit record highs at $7,877 per ton in September 2022; however, from October 2022 to December 2022, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In December 2022, the country with the highest price was Sweden ($8,756 per ton), while the average price for exports to Denmark ($1,540 per ton) was amongst the lowest.

From June 2022 to December 2022, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (+2.0%), 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 Morocco (CIF) - 2022

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $2,400 per ton in 2022, declining by -58.4% against the previous year. Over the period under review, the import price saw a abrupt setback. The pace of growth appeared the most rapid in 2017 when the average import price increased by 21% against the previous year. Over the period under review, average import prices attained the maximum at $11,567 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Netherlands ($7,725 per ton), while the price for Indonesia ($362 per ton) was amongst the lowest.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by the Netherlands (-1.9%), while the prices for the other major suppliers experienced a decline.

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

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses exported from Morocco soared to 5.8K tons, growing by 17% on 2021 figures. Overall, exports recorded significant growth. The most prominent rate of growth was recorded in 2020 when exports increased by 443% against the previous year. Over the period under review, the exports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses soared to $38M in 2022. In general, exports posted a significant increase. The pace of growth was the most pronounced in 2020 when exports increased by 279% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Netherlands (4.8K tons)
2. Belgium (0.4K tons)
3. Germany (0.3K tons)
4. Denmark (0.2K tons)

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

Imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses into Morocco dropped markedly to 46 tons in 2022, shrinking by -25% against the previous year's figure. Over the period under review, imports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2021 when imports increased by 35,648% against the previous year. As a result, imports reached the peak of 61 tons, and then fell dramatically in the following year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses declined notably to $109K in 2022. In general, imports faced a deep downturn. The growth pace was the most rapid in 2021 when imports increased by 25,140% against the previous year. As a result, imports attained the peak of $351K, and then declined rapidly in the following year.

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

1. Egypt (21.1 tons)
2. Indonesia (20.3 tons)
3. Netherlands (4.2 tons)

Source: IndexBox Market Intelligence Platform