Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the United Arab Emirates - 2022

Contents:

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

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

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $12,647 per ton in 2022, rising by 6.3% against the previous year. Over the period under review, the import price, however, showed a perceptible reduction. The pace of growth appeared the most rapid in 2018 an increase of 56%. Over the period under review, average import prices reached the maximum at $20,977 per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the United States ($19,472 per ton), while the price for India ($2,303 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Vietnam (-5.8%), while the prices for the other major suppliers experienced a decline.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the United Arab Emirates (FOB) - 2022

In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $9,070 per ton, growing by 8.8% against the previous year. Overall, export price indicated a prominent expansion from 2012 to 2022: its price increased at an average annual rate of +5.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses increased by +66.8% against 2019 indices. The pace of growth was the most pronounced in 2020 when the average export price increased by 24% against the previous year. Over the period under review, the average export prices reached the peak figure at $9,285 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Saudi Arabia ($16,852 per ton), while the average price for exports to Lebanon ($5,189 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 Tunisia (+23.2%), 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 United Arab Emirates

In 2022, purchases abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -49% to 498 tons, falling for the second year in a row after two years of growth. Over the period under review, imports saw a dramatic slump. The pace of growth appeared the most rapid in 2020 when imports increased by 96%. As a result, imports reached the peak of 2.6K tons. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses fell remarkably to $6.3M in 2022. Overall, imports saw a sharp reduction. The pace of growth appeared the most rapid in 2020 with an increase of 97%. As a result, imports attained the peak of $32M. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the United Arab Emirates (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Vietnam3.312.08.12.6-7.6%
China0.20.30.32.5132.1%
Thailand4.03.20.40.4-53.6%
United States5.812.20.90.2-67.5%
Pakistan0.70.80.30.1-47.7%
India0.10.20.30.10.0%
Philippines0.20.30.1N/A-29.3%
Others2.02.81.20.4-41.5%
Total16.332.011.66.3-27.2%

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to the United Arab Emirates in 2022:

  1. Vietnam (180.2 tons)
  2. China (148.1 tons)
  3. Thailand (48.7 tons)
  4. India (42.1 tons)
  5. Pakistan (25.2 tons)
  6. Philippines (12.6 tons)
  7. United States (10.5 tons)

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the United Arab Emirates

In 2022, shipments abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -58.4% to 197 tons, falling for the second consecutive year after two years of growth. Over the period under review, exports saw a abrupt descent. The pace of growth was the most pronounced in 2020 with an increase of 180% against the previous year. As a result, the exports reached the peak of 705 tons. From 2021 to 2022, the growth of the exports of remained at a lower figure.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses shrank markedly to $1.8M in 2022. In general, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2020 when exports increased by 248% against the previous year. As a result, the exports reached the peak of $4.8M. From 2021 to 2022, the growth of the exports of failed to regain momentum.

Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in the United Arab Emirates (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
Egypt7282,0802,6951,45526.0%
Saudi Arabia5662,45289883.5-47.2%
Tunisia10.03.334.762.283.9%
Iraq1.712.452.652.9214.5%
Lebanon4.818.018.222.266.6%
Others55.218524411025.8%
Total1,3664,7513,9431,7879.4%

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

  1. Egypt (162.2 tons)
  2. Iraq (8.0 tons)
  3. Tunisia (6.7 tons)
  4. Saudi Arabia (5.0 tons)
  5. Lebanon (4.3 tons)

Source: IndexBox Market Intelligence Platform

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