Price for Crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containers in Thailand - 2024
Contents:
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Thailand (FOB) - 2024
- Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Thailand (CIF) - 2022
- Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Thailand
- Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Thailand
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Thailand (FOB) - 2024
The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $10,760 per ton in January 2024, approximately equating the previous month. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth was the most pronounced in July 2023 an increase of 6.1% month-to-month. Over the period under review, the average export prices hit record highs at $11,787 per ton in March 2023; however, from April 2023 to January 2024, the export prices stood at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($17,271 per ton), while the average price for exports to Taiwan (Chinese) ($9,074 per ton) was amongst the lowest.
From January 2023 to January 2024, the most notable rate of growth in terms of prices was recorded for supplies to Canada (+5.4%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Thailand (CIF) - 2022
The average import price for crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses stood at $8,663 per ton in 2022, growing by 13% against the previous year. Over the period under review, the import price saw a measured expansion. The growth pace was the most rapid in 2018 when the average import price increased by 280%. Over the period under review, average import prices attained the peak figure at $9,378 per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.
As there is only one major supplying country, the average price level is determined by prices for China.
From 2012 to 2022, the rate of growth in terms of prices for Indonesia amounted to +47.1% per year.
Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Thailand
For the third consecutive year, Thailand recorded decline in shipments abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses, which decreased by -16.9% to 17K tons in 2022. Overall, exports showed a abrupt descent. The smallest decline of -8.9% was in 2021.
In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses declined significantly to $194M in 2022. In general, exports continue to indicate a drastic downturn. The smallest decline of -10.1% was in 2021.
| Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Thailand (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 122 | 98.0 | 85.3 | 84.5 | -11.5% |
| United States | 106 | 93.8 | 85.9 | 58.6 | -17.9% |
| South Korea | 14.1 | 10.3 | 16.3 | 14.2 | 0.2% |
| Australia | 18.0 | 11.9 | 9.5 | 10.3 | -17.0% |
| Taiwan (Chinese) | 4.0 | 3.0 | 3.6 | 4.5 | 4.0% |
| New Zealand | 4.8 | 5.3 | 4.8 | 4.4 | -2.9% |
| Canada | 5.9 | 5.2 | 4.0 | 3.9 | -12.9% |
| Italy | 8.8 | 5.4 | 5.1 | 3.7 | -25.1% |
| United Kingdom | 8.9 | 11.4 | 5.4 | 1.0 | -51.7% |
| Others | 14.7 | 10.3 | 9.0 | 8.8 | -15.7% |
| Total | 308 | 255 | 229 | 194 | -14.3% |
Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers from Thailand in 2022:
- Japan (7.4K tons)
- United States (5.4K tons)
- South Korea (1.1K tons)
- Australia (0.9K tons)
- New Zealand (0.5K tons)
- Canada (0.4K tons)
- Taiwan (Chinese) (0.4K tons)
- Italy (0.3K tons)
- United Kingdom (0.1K tons)
Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Thailand
In 2022, supplies from abroad of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses decreased by -37.9% to 64 tons, falling for the second year in a row after two years of growth. Overall, imports continue to indicate a sharp downturn. The pace of growth appeared the most rapid in 2020 when imports increased by 26% against the previous year. As a result, imports reached the peak of 362 tons. From 2021 to 2022, the growth of imports of remained at a lower figure.
In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, not in airtight containerses dropped significantly to $554K in 2022. Over the period under review, imports showed a sharp contraction. The smallest decline of -8.9% was in 2020.
| Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers in Thailand (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| China | 138 | 252 | 388 | 190 | 11.2% |
| Denmark | 2,559 | 1,678 | N/A | N/A | -34.4% |
| Others | 0.5 | 527 | 401 | 363 | 798.8% |
| Total | 2,698 | 2,456 | 788 | 554 | -41.0% |
Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, Not in Airtight Containers to Thailand in 2022:
- China (52.2 tons)
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