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

Contents:

1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Saudi Arabia (FOB) - 2022
2. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Saudi Arabia

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

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $9,681 per ton in 2021, shrinking by -11.5% against the previous year. Over the period under review, the export price recorded a deep reduction. The most prominent rate of growth was recorded in 2018 when the average export price increased by 35%. Over the period under review, the average export prices reached the maximum at $22,716 per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Jordan ($11,439 per ton), while the average price for exports to the United Arab Emirates ($5,943 per ton) was amongst the lowest.

From 2014 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Lebanon (+1.0%), while the prices for the other major destinations experienced a decline.

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

For the fourth consecutive year, Saudi Arabia recorded growth in shipments abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, which increased by 18% to 45 tons in 2022. In general, exports saw a significant increase. The most prominent rate of growth was recorded in 2020 with an increase of 406%. The exports peaked in 2022 and are likely to see steady growth in years to come.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses surged to $494K in 2022. Over the period under review, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 362%. The exports peaked in 2022 and are likely to continue growth in years to come.

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

1. Jordan (25.2 tons)
2. United Arab Emirates (12.0 tons)
3. Libya (0.9 tons)

Source: IndexBox Market Intelligence Platform