Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Panama - 2024

Contents:

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

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

In 2022, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $9,823 per ton, surging by 3.3% against the previous year. Over the period under review, import price indicated a buoyant expansion from 2012 to 2022: its price increased at an average annual rate of +8.6% 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 +30.4% against 2016 indices. The most prominent rate of growth was recorded in 2013 when the average import price increased by 99%. Over the period under review, average import prices reached the peak figure at $10,071 per ton in 2015; however, from 2016 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Vietnam ($16,530 per ton), while the price for Indonesia ($6,211 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+17.1%), 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 Panama (FOB) - 2022

In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $4,134 per ton, with an increase of 3.2% against the previous year. Overall, the export price, however, showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2014 when the average export price increased by 93% against the previous year. Over the period under review, the average export prices reached the peak figure at $26,550 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

As there is only one major export destination, the average price level is determined by prices for El Salvador.

From 2012 to 2022, the rate of growth in terms of prices for Jamaica amounted to +36.8% per year.

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

In 2022, overseas purchases of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -63.7% to 86 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports saw a abrupt contraction. The pace of growth was the most pronounced in 2021 when imports increased by 72%. As a result, imports attained the peak of 237 tons, and then reduced rapidly in the following year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses reduced notably to $844K in 2022. Overall, imports recorded a abrupt setback. The most prominent rate of growth was recorded in 2021 when imports increased by 84%. As a result, imports attained the peak of $2.3M, and then contracted remarkably in the following year.

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

1. China (55.8 tons)
2. United States (26.1 tons)
3. Indonesia (2.0 tons)
4. Vietnam (1.2 tons)

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

In 2022, approx. 4.7 tons of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses were exported from Panama; surging by 13% against the previous year. Over the period under review, exports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2021 with an increase of 43% against the previous year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses surged to $19K in 2022. Overall, exports, however, showed a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 55% against the previous year.

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

1. El Salvador (4.7 tons)

Source: IndexBox Market Intelligence Platform