Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Belarus - 2022

Contents:

  1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Belarus (CIF) - 2022
  2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Belarus (FOB) - 2022
  3. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Belarus
  4. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Belarus

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Belarus (CIF) - 2022

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $3,831 per ton in March 2022, which is down by -26.4% against the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The most prominent rate of growth was recorded in July 2021 when the average import price increased by 12% against the previous month. The import price peaked at $5,688 per ton in November 2021; however, from December 2021 to March 2022, import prices failed to regain momentum.

As there is only one major supplying country, the average price level is determined by prices for Russia.

From March 2021 to March 2022, the rate of growth in terms of prices for the United States amounted to +2.4% per month.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Belarus (FOB) - 2022

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $7,138 per ton in March 2022, picking up by 3.4% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2021 when the average export price increased by 6% m-o-m. The export price peaked at $7,553 per ton in April 2021; however, from May 2021 to March 2022, the export prices failed to regain momentum.

Average prices varied somewhat for the major foreign markets. In March 2022, the country with the highest price was Russia ($8,091 per ton), while the average price for exports to Poland stood at $6,324 per ton.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+0.7%).

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Belarus

For the fourth year in a row, Belarus recorded growth in supplies from abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses, which increased by 0.5% to 1.5K tons in 2022. Over the period under review, imports showed a significant expansion. The most prominent rate of growth was recorded in 2021 with an increase of 246%. Over the period under review, imports of attained the peak figure in 2022 and are likely to continue growth in the immediate term.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses totaled $7.1M in 2022. In general, imports continue to indicate a significant increase. The growth pace was the most rapid in 2021 with an increase of 255%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Belarus (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia1.32.06.97.176.1%
OthersN/AN/A0.2N/A0%
Total1.32.07.17.176.1%

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers to Belarus in 2022:

  1. Russia (1.5K tons)

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Belarus

In 2022, approx. 534 tons of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses were exported from Belarus; reducing by -2.5% against the previous year's figure. Overall, exports, however, enjoyed a buoyant increase. The pace of growth was the most pronounced in 2021 when exports increased by 102% against the previous year. As a result, the exports reached the peak of 547 tons, and then contracted slightly in the following year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses shrank slightly to $3.9M in 2022. Over the period under review, exports, however, recorded a buoyant expansion. The growth pace was the most rapid in 2021 with an increase of 91% against the previous year. As a result, the exports attained the peak of $4.1M, and then reduced in the following year.

Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Belarus (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
Russia1.81.62.72.511.6%
Poland0.50.51.41.337.5%
OthersN/AN/AN/A0.10%
Total2.42.14.13.917.6%

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers from Belarus in 2022:

  1. Russia (333.5 tons)
  2. Poland (189.0 tons)

Source: IndexBox Market Intelligence Platform

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