Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in Canada - 2024
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Canada (CIF) - 2024
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Canada (FOB) - 2024
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Canada
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Canada
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Canada (CIF) - 2024
In January 2024, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $9,061 per ton, declining by -6.5% against the previous month. Overall, the import price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2023 when the average import price increased by 14% month-to-month. As a result, import price attained the peak level of $10,903 per ton. From September 2023 to January 2024, the average import prices remained at a lower figure.
Average prices varied somewhat amongst the major supplying countries. In January 2024, the countries with the highest prices were Thailand ($10,272 per ton) and India ($9,918 per ton), while the price for the United States ($7,187 per ton) and China ($7,316 per ton) were amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was attained by Thailand (+0.8%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Canada (FOB) - 2024
The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $10,411 per ton in January 2024, with an increase of 2.2% against the previous month. Overall, the export price, however, showed a mild contraction. The growth pace was the most rapid in April 2023 when the average export price increased by 29% month-to-month. Over the period under review, the average export prices hit record highs at $13,231 per ton in August 2023; however, from September 2023 to January 2024, the export prices failed to regain momentum.
There were significant differences in the average prices for the major export markets. In January 2024, the country with the highest price was the United States ($13,795 per ton), while the average price for exports to Sweden ($7,001 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+0.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Canada
In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses imported into Canada soared to 18K tons, jumping by 23% compared with 2021 figures. The total import volume increased at an average annual rate of +6.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being recorded in certain years. As a result, imports reached 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, not in airtight containerses surged to $185M in 2022. In general, total imports indicated a buoyant expansion from 2019 to 2022: its value increased at an average annual rate of +11.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +42.1% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 53.1 | 66.2 | 59.2 | 85.5 | 17.2% |
| India | 19.1 | 12.0 | 21.4 | 40.0 | 27.9% |
| China | 30.2 | 24.8 | 24.8 | 26.4 | -4.4% |
| Thailand | 20.0 | 16.4 | 13.5 | 14.0 | -11.2% |
| Indonesia | 3.2 | 4.7 | 8.2 | 8.1 | 36.3% |
| United States | 4.3 | 4.5 | 6.4 | 5.3 | 7.2% |
| Others | 1.9 | 1.6 | 1.4 | 5.7 | 44.2% |
| Total | 132 | 130 | 135 | 185 | 11.9% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers to Canada in 2022:
- Vietnam (7.4K tons)
- India (3.8K tons)
- China (3.2K tons)
- Thailand (1.3K tons)
- Indonesia (0.7K tons)
- United States (0.7K tons)
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Canada
In 2022, after three years of growth, there was significant decline in overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses, when their volume decreased by -28% to 2.6K tons. In general, total exports indicated a mild increase from 2019 to 2022: its volume increased at an average annual rate of +1.2% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +3.6% against 2019 indices. The pace of growth appeared the most rapid in 2021 when exports increased by 40% against the previous year. As a result, the exports reached the peak of 3.6K tons, and then fell notably in the following year.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses contracted significantly to $25M in 2022. Overall, exports recorded a perceptible reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 41%. As a result, the exports attained the peak of $32M, and then dropped significantly in the following year.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 11.3 | 11.0 | 13.4 | 12.0 | 2.0% |
| United States | 11.2 | 7.8 | 11.4 | 9.9 | -4.0% |
| Denmark | 3.7 | 2.0 | 3.6 | 1.9 | -19.9% |
| Netherlands | N/A | 0.6 | 2.1 | 0.6 | 0.0% |
| Others | 1.0 | 1.2 | 1.5 | 0.4 | -26.3% |
| Total | 27.2 | 22.7 | 32.1 | 24.8 | -3.0% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers from Canada in 2022:
- United Kingdom (1441.5 tons)
- United States (762.0 tons)
- Denmark (229.0 tons)
- Netherlands (96.6 tons)
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