Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in Lithuania - 2023

Contents:

1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Lithuania (CIF) - 2023
2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Lithuania (FOB) - 2022
3. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Lithuania
4. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Lithuania

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Lithuania (CIF) - 2023

In November 2023, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $9,520 per ton, reducing by -20.6% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 an increase of 54% against the previous month. As a result, import price reached the peak level of $12,837 per ton. From February 2023 to November 2023, the average import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In November 2023, the country with the highest price was the Netherlands ($18,681 per ton), while the price for Estonia ($4,767 per ton) was amongst the lowest.

From November 2022 to November 2023, the most notable rate of growth in terms of prices was attained by the Netherlands (+4.2%), 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 Lithuania (FOB) - 2022

In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $8,623 per ton, which is down by -7.1% against the previous year. Overall, export price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +2.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses decreased by -16.7% against 2017 indices. The pace of growth was the most pronounced in 2014 an increase of 46%. As a result, the export price reached the peak level of $12,382 per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Ukraine ($9,620 per ton), while the average price for exports to the Netherlands ($5,995 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (+34.9%), 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 Lithuania

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses imported into Lithuania dropped to 407 tons, waning by -10.9% compared with 2021. Overall, imports continue to indicate a noticeable descent. The pace of growth appeared the most rapid in 2021 when imports increased by 8.4% against the previous year. As a result, imports attained the peak of 457 tons, and then contracted in the following year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses expanded rapidly to $4M in 2022. The total import value increased at an average annual rate of +10.6% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 27% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

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

1. Vietnam (141.6 tons)
2. Latvia (96.4 tons)
3. India (57.0 tons)
4. Germany (56.9 tons)
5. Belgium (20.5 tons)
6. Netherlands (19.0 tons)
7. Norway (5.1 tons)

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

In 2022, the amount of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses exported from Lithuania surged to 90 tons, with an increase of 28% on the previous year. Overall, exports saw a significant increase. The growth pace was the most rapid in 2021 with an increase of 46% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see steady growth in years to come.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses soared to $778K in 2022. In general, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +16.6% 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 +65.2% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 39% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.

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

1. Latvia (28.8 tons)
2. Estonia (25.7 tons)
3. Poland (7.8 tons)
4. Spain (7.2 tons)
5. Czech Republic (5.7 tons)
6. Netherlands (4.4 tons)
7. Ukraine (4.1 tons)
8. Hungary (1.8 tons)
9. Portugal (1.7 tons)

Source: IndexBox Market Intelligence Platform