Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Vietnam - 2022
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Vietnam (FOB) - 2022
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Vietnam (CIF) - 2022
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Vietnam
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Vietnam
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Vietnam (FOB) - 2022
In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $11,812 per ton, rising by 8.4% against the previous year. Over the last decade, it increased at an average annual rate of +4.1%. The most prominent rate of growth was recorded in 2013 when the average export price increased by 25%. Over the period under review, the average export prices hit record highs at $12,262 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were Australia ($11,829 per ton) and Japan ($11,829 per ton), while the average price for exports to South Korea ($11,829 per ton) and the UK ($11,829 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+8.3%), 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 Vietnam (CIF) - 2022
The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $11,423 per ton in 2022, approximately reflecting the previous year. Over the last decade, it increased at an average annual rate of +5.0%. The pace of growth was the most pronounced in 2013 when the average import price increased by 28% against the previous year. Over the period under review, average import prices hit record highs at $12,396 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat 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 United States ($21,229 per ton), while the price for Ecuador ($952 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+12.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Vietnam
Exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses from Vietnam expanded significantly to 108K tons in 2022, growing by 5.4% against 2021 figures. Over the period under review, exports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 310% against the previous year. Over the period under review, the exports of hit record highs in 2022 and are likely to see gradual growth in the immediate term.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses expanded sharply to $1.3B in 2022. Overall, exports saw significant growth. The most prominent rate of growth was recorded in 2021 when exports increased by 353% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Vietnam (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 61.2 | 96.4 | 413 | 419 | 89.9% |
| Japan | 40.0 | 42.8 | 180 | 201 | 71.3% |
| Canada | 10.3 | 13.3 | 68.2 | 97.3 | 111.4% |
| United Kingdom | 19.4 | 22.1 | 87.3 | 89.9 | 66.7% |
| South Korea | 10.0 | 11.3 | 74.4 | 89.2 | 107.4% |
| Australia | 11.3 | 12.2 | 62.3 | 84.1 | 95.2% |
| Germany | 9.6 | 9.8 | 46.1 | 60.7 | 84.9% |
| Netherlands | 8.4 | 7.8 | 37.6 | 51.7 | 83.3% |
| Belgium | 3.5 | 3.5 | 16.8 | 25.9 | 94.9% |
| France | 4.2 | 4.4 | 17.8 | 24.4 | 79.8% |
| Denmark | 3.7 | 3.5 | 16.1 | 23.2 | 84.4% |
| Others | 15.2 | 19.4 | 98.2 | 111 | 94.0% |
| Total | 197 | 247 | 1,118 | 1,277 | 86.5% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from Vietnam in 2022:
- United States (35.4K tons)
- Japan (17.0K tons)
- Canada (8.2K tons)
- United Kingdom (7.6K tons)
- South Korea (7.5K tons)
- Australia (7.1K tons)
- Germany (5.1K tons)
- Netherlands (4.4K tons)
- Belgium (2.2K tons)
- France (2.1K tons)
- Denmark (2.0K tons)
Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Vietnam
In 2022, purchases abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -66.8% to 10 tons, falling for the second consecutive year after two years of growth. Over the period under review, imports continue to indicate a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 80% against the previous year. As a result, imports reached the peak of 60 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses dropped remarkably to $117K in 2022. Overall, imports continue to indicate a precipitous slump. The pace of growth appeared the most rapid in 2020 with an increase of 80%. As a result, imports attained the peak of $697K. 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 Vietnam (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Australia | 63.2 | 144 | 115 | 29.5 | -22.4% |
| Taiwan (Chinese) | 48.3 | 105 | 68.9 | 24.4 | -20.4% |
| India | 102 | 243 | 47.4 | 24.4 | -37.9% |
| United States | 39.3 | 53.4 | 32.5 | 11.9 | -32.8% |
| Canada | 5.5 | 41.1 | 29.8 | 11.6 | 28.2% |
| Malaysia | 6.4 | 3.2 | 5.0 | 6.1 | -1.6% |
| Germany | 21.9 | 24.9 | 12.6 | 3.5 | -45.7% |
| Ecuador | 15.6 | 9.5 | 5.2 | 1.5 | -54.2% |
| Others | 84.8 | 72.6 | 30.2 | 3.8 | -64.5% |
| Total | 387 | 697 | 347 | 117 | -32.9% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to Vietnam in 2022:
- Australia (2.8 tons)
- Taiwan (Chinese) (1.7 tons)
- India (1.7 tons)
- Ecuador (1.6 tons)
- Canada (0.8 tons)
- United States (0.6 tons)
- Malaysia (0.4 tons)
- Germany (0.2 tons)
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in Vietnam.
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This report provides an in-depth analysis of the market for prepared or preserved crab meat in Vietnam.
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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.
