Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Ethiopia - 2022
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Ethiopia (CIF) - 2022
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Ethiopia
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Ethiopia (CIF) - 2022
The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $8,719 per ton in 2022, increasing by 10% against the previous year. Overall, the import price, however, recorded a pronounced reduction. The most prominent rate of growth was recorded in 2020 when the average import price increased by 58%. The import price peaked at $13,802 per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.
Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Sweden ($9,635 per ton), while the price for the United Arab Emirates stood at $8,700 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+1.2%).
Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Ethiopia
For the fourth year in a row, Ethiopia recorded growth in purchases abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses, which increased by 48% to 22 tons in 2022. Overall, imports continue to indicate a significant increase. The pace of growth was the most pronounced in 2021 with an increase of 93%. Imports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses surged to $190K in 2022. Over the period under review, imports continue to indicate a significant expansion. The growth pace was the most rapid in 2021 when imports increased by 171%. Over the period under review, imports of hit record highs in 2022 and are likely to continue growth in the near future.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Arab Emirates | 13.5 | 38.9 | 106 | 186 | 139.7% |
| Sweden | 8.3 | 4.1 | 4.3 | 4.3 | -19.7% |
| Others | N/A | N/A | 6.1 | N/A | 0% |
| Total | 21.8 | 43.0 | 117 | 190 | 105.8% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers to Ethiopia in 2022:
- United Arab Emirates (21.4 tons)
- Sweden (0.4 tons)
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