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

Contents:

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

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

In October 2023, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $14,041 per ton, rising by 11% against the previous month. Over the period from October 2022 to October 2023, it increased at an average monthly rate of +2.3%. The pace of growth appeared the most rapid in August 2023 when the average import price increased by 20% against the previous month. As a result, import price attained the peak level of $15,307 per ton. From September 2023 to October 2023, the average import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was France ($17,709 per ton), while the price for Portugal ($5,259 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Portugal (+5.1%), 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 Luxembourg (FOB) - 2022

In 2022, the average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $14,328 per ton, approximately mirroring the previous year. In general, the export price showed a pronounced curtailment. The growth pace was the most rapid in 2014 when the average export price increased by 17% against the previous year. The export price peaked at $18,299 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the highest price was recorded for prices to Belgium ($14,453 per ton) and France ($14,175 per ton), while the average price for exports to Azerbaijan ($12,372 per ton) and Germany ($14,123 per ton) were amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to France (+0.3%), while the prices for the other major destinations experienced a decline.

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

In 2022, after three years of growth, there was significant decline in purchases abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses, when their volume decreased by -10.9% to 125 tons. The total import volume increased at an average annual rate of +6.3% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 27% against the previous year. As a result, imports attained the peak of 140 tons, and then declined in the following year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses shrank to $1.4M in 2022. The total import value increased at an average annual rate of +4.7% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 when imports increased by 15%. As a result, imports reached the peak of $1.5M, and then shrank in the following year.

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

1. Belgium (58.8 tons)
2. Netherlands (21.2 tons)
3. France (17.3 tons)
4. Portugal (16.0 tons)
5. Germany (10.9 tons)

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

In 2022, approx. 16 tons of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses were exported from Luxembourg; increasing by 8.9% compared with the year before. In general, total exports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +7.2% 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 +54.5% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 42%. Over the period under review, the exports of reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses amounted to $233K in 2022. Over the period under review, total exports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +8.7% 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 +60.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 when exports increased by 49% against the previous year. The exports peaked in 2022 and are likely to continue growth in years to come.

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

1. Belgium (13.2 tons)
2. France (1.7 tons)
3. Germany (0.9 tons)
4. Azerbaijan (0.4 tons)

Source: IndexBox Market Intelligence Platform