Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in Indonesia - 2022

Contents:

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

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

In March 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $10,220 per ton, rising by 2.1% against the previous month. Over the period under review, the export price recorded a relatively flat trend pattern. The growth pace was the most rapid in February 2022 when the average export price increased by 7.5% against the previous month. Over the period under review, the average export prices attained the maximum in March 2022.

Average prices varied somewhat for the major external markets. In March 2022, the countries with the highest prices were the United States ($10,261 per ton) and Japan ($10,174 per ton), while the average price for exports to the Netherlands ($8,102 per ton) and the UK ($9,651 per ton) were amongst the lowest.

From March 2021 to March 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

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

The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $11,075 per ton in 2022, which is down by -12% against the previous year. Over the period under review, the import price, however, enjoyed prominent growth. The pace of growth was the most pronounced in 2014 when the average import price increased by 64% against the previous year. The import price peaked at $13,330 per ton in 2020; however, from 2021 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 UK ($40,692 per ton), while the price for the United States totaled $11,032 per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+17.6%), while the prices for the other major suppliers experienced more modest paces of growth.

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

After three years of growth, overseas shipments of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses decreased by -2.7% to 52K tons in 2022. Overall, total exports indicated a prominent expansion from 2019 to 2022: its volume increased at an average annual rate of +14.3% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +49.3% against 2019 indices. The growth pace was the most rapid in 2020 when exports increased by 41% against the previous year.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses rose to $496M in 2022. Over the period under review, total exports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +17.0% 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 +60.2% against 2019 indices. The pace of growth was the most pronounced in 2020 when exports increased by 49%. Over the period under review, the exports of reached the maximum in 2022 and are likely to see steady growth in the immediate term.

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

1. United States (43.3K tons)
2. Japan (4.0K tons)
3. Netherlands (1.2K tons)
4. United Kingdom (1.1K tons)
5. Singapore (0.1K tons)

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

In 2022, purchases abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses decreased by -32.7% to 31 tons, falling for the second year in a row after two years of growth. Over the period under review, imports recorded a drastic downturn. The growth pace was the most rapid in 2020 when imports increased by 69% against the previous year. As a result, imports attained the peak of 61 tons. From 2021 to 2022, the growth of imports of failed to regain momentum.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses declined rapidly to $344K in 2022. Overall, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2020 with an increase of 132% against the previous year. As a result, imports reached the peak of $818K. From 2021 to 2022, the growth of imports of remained at a somewhat lower figure.

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

1. United States (30.7 tons)

Source: IndexBox Market Intelligence Platform