Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in Kuwait - 2022
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Kuwait (CIF) - 2022
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Kuwait
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Kuwait (CIF) - 2022
In 2022, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $9,226 per ton, picking up by 8.6% against the previous year. Over the period under review, the import price, however, saw a slight decrease. The most prominent rate of growth was recorded in 2021 an increase of 28%. Over the period under review, average import prices attained the peak figure at $12,749 per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.
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 Vietnam ($9,926 per ton), while the price for the Philippines ($3,507 per ton) was amongst the lowest.
From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Kuwait
Imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses into Kuwait skyrocketed to 70 tons in 2022, jumping by 119% on the year before. Over the period under review, imports saw a measured increase. 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 soared to $645K in 2022. In general, imports, however, saw a pronounced setback.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Kuwait (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 1.3 | 67.9 | 37.9 | 415 | 583.4% |
| Vietnam | 32.3 | 51.7 | 52.7 | 175 | 75.6% |
| United Arab Emirates | 14.3 | 40.9 | 6.8 | 23.2 | 17.5% |
| United Kingdom | 2.1 | 0.3 | 1.1 | 11.3 | 75.2% |
| Philippines | 2.3 | 0.4 | 2.5 | 8.5 | 54.6% |
| China | 216 | 257 | 159 | N/A | -14.2% |
| Saudi Arabia | 427 | N/A | N/A | N/A | 0% |
| Others | 34.9 | 13.5 | 11.2 | 12.8 | -28.4% |
| Total | 730 | 432 | 271 | 645 | -4.0% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers to Kuwait in 2022:
- India (41.8 tons)
- Vietnam (17.6 tons)
- United Arab Emirates (5.7 tons)
- Philippines (2.4 tons)
- United Kingdom (1.1 tons)
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