Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Philippines - 2024
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Philippines (CIF) - 2022
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Philippines (FOB) - 2024
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Philippines
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Philippines
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Philippines (CIF) - 2022
In 2022, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $2,263 per ton, declining by -39% against the previous year. Over the period under review, the import price recorded a abrupt shrinkage. The most prominent rate of growth was recorded in 2019 an increase of 37%. As a result, import price attained the peak level of $5,330 per ton. From 2020 to 2022, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($2,292 per ton), while the price for Indonesia ($1,259 per ton) was amongst the lowest.
From 2017 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (+9.9%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Philippines (FOB) - 2024
In July 2023, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $2,944 per ton, which is down by -2.5% against the previous month. Over the period under review, the export price, however, saw temperate growth. The pace of growth was the most pronounced in May 2023 when the average export price increased by 81% against the previous month. The export price peaked at $3,018 per ton in June 2023, and then dropped in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($5,012 per ton), while the average price for exports to South Africa ($782 per ton) was amongst the lowest.
From January 2023 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Qatar (+32.1%), 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 the Philippines
In 2022, approx. 2K tons of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses were imported into the Philippines; picking up by 119% compared with the previous year's figure. Over the period under review, imports posted a significant expansion. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses surged to $4.6M in 2022. In general, imports posted a significant expansion. The pace of growth was the most pronounced in 2021 when imports increased by 102% against the previous year. Over the period under review, imports of hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 1,784 | 1,560 | 3,178 | 4,537 | 36.5% |
| Vietnam | 59.0 | 3.0 | 41.4 | 61.8 | 1.6% |
| Indonesia | 342 | 92.0 | 190 | 15.7 | -64.2% |
| Others | 19.2 | 62.0 | 57.8 | 12.8 | -12.6% |
| Total | 2,204 | 1,716 | 3,467 | 4,628 | 28.1% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to the Philippines in 2022:
- China (1979.2 tons)
- Vietnam (47.1 tons)
- Indonesia (12.5 tons)
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Philippines
For the third year in a row, the Philippines recorded decline in shipments abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, which decreased by -91.3% to 50 tons in 2022. Over the period under review, exports faced a sharp curtailment. The smallest decline of -14% was in 2021.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses contracted dramatically to $175K in 2022. In general, exports saw a sharp downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 9% against the previous year.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the Philippines (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 504 | 233 | 348 | 45.7 | -55.1% |
| United States | 459 | 361 | 285 | 34.0 | -58.0% |
| Australia | 322 | 279 | 259 | 30.7 | -54.3% |
| United Kingdom | 185 | 102 | 112 | 15.7 | -56.1% |
| Netherlands | 229 | 99.9 | 127 | 11.8 | -62.8% |
| Singapore | 96.8 | 65.7 | 45.0 | 6.1 | -60.2% |
| Kuwait | 175 | 51.8 | 95.1 | 4.6 | -70.3% |
| Taiwan (Chinese) | 81.9 | 48.8 | 40.7 | 4.1 | -63.1% |
| Others | 368 | 144 | 197 | 22.5 | -60.6% |
| Total | 2,421 | 1,385 | 1,509 | 175 | -58.3% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from the Philippines in 2022:
- United States (11.4 tons)
- Canada (11.3 tons)
- Australia (6.7 tons)
- United Kingdom (5.7 tons)
- Taiwan (Chinese) (3.3 tons)
- Netherlands (2.3 tons)
- Singapore (1.9 tons)
- Kuwait (1.0 tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in the Philippines.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in the Philippines.
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This report provides an in-depth analysis of the global market for prepared or preserved crab meat.
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Explore the top import markets for prepared or preserved crab meat in 2023. Discover the key countries driving the global trade of crab meat.
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Explore the top import markets for prepared or preserved crab meat in 2023. Discover the key countries driving the global trade of crab meat.
