Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Australia - 2023
Contents:
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Australia (CIF) - 2023
- Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Australia (FOB) - 2022
- Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Australia
- Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Australia
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Australia (CIF) - 2023
The average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $8,160 per ton in December 2023, reducing by -7.2% against the previous month. Overall, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in May 2023 when the average import price increased by 8.9% month-to-month. As a result, import price attained the peak level of $8,923 per ton. From June 2023 to December 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($10,405 per ton), while the price for Chile ($4,723 per ton) was amongst the lowest.
From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Chile (+0.1%), while the prices for the other major suppliers experienced a decline.
Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Australia (FOB) - 2022
The average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $36,679 per ton in 2022, with an increase of 50% against the previous year. Overall, the export price, however, recorded a noticeable slump. The most prominent rate of growth was recorded in 2018 an increase of 79% against the previous year. As a result, the export price reached the peak level of $50,306 per ton. From 2019 to 2022, the average export prices remained at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Japan ($57,936 per ton), while the average price for exports to New Zealand ($3,835 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 China (+15.6%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Australia
For the fourth consecutive year, Australia recorded growth in purchases abroad of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds, which increased by 13% to 27K tons in 2022. The total import volume increased at an average annual rate of +6.1% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds expanded remarkably to $231M in 2022. The total import value increased at an average annual rate of +8.8% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 16% against the previous year. Imports peaked in 2022 and are expected to retain growth in the immediate term.
| Import of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 67.2 | 68.5 | 73.5 | 92.8 | 11.4% |
| China | 51.4 | 49.2 | 51.0 | 64.2 | 7.7% |
| Thailand | 33.3 | 32.3 | 30.3 | 36.2 | 2.8% |
| Malaysia | 10.1 | 8.1 | 10.0 | 11.6 | 4.7% |
| Chile | 2.4 | 2.6 | 3.0 | 2.5 | 1.4% |
| Others | 14.8 | 17.9 | 39.4 | 23.8 | 17.2% |
| Total | 179 | 179 | 207 | 231 | 8.9% |
Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Australia in 2022:
- China (9.3K tons)
- Vietnam (8.9K tons)
- Thailand (4.0K tons)
- Malaysia (1.9K tons)
- Chile (0.6K tons)
Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Australia
Exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds from Australia declined remarkably to 498 tons in 2022, with a decrease of -43.7% against the year before. In general, exports saw a precipitous decline. The most prominent rate of growth was recorded in 2021 when exports increased by 32%.
In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds plummeted to $18M in 2022. Overall, exports saw a deep downturn. The most prominent rate of growth was recorded in 2021 when exports increased by 15%.
| Export of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Australia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Singapore | 11.0 | 7.5 | 9.3 | 9.2 | -5.8% |
| Hong Kong SAR | 13.3 | 4.3 | 5.4 | 2.9 | -39.8% |
| China | 1.4 | 1.2 | 1.9 | 1.9 | 10.7% |
| Japan | 3.2 | 2.8 | 1.8 | 1.5 | -22.3% |
| Taiwan (Chinese) | 0.8 | 0.5 | 0.3 | 0.8 | 0.0% |
| United States | 2.8 | 1.4 | 1.0 | 0.7 | -37.0% |
| Malaysia | 1.3 | 0.3 | 0.3 | 0.3 | -38.7% |
| New Zealand | 0.1 | N/A | 0.2 | 0.3 | 44.2% |
| Others | 1.1 | 0.8 | 1.3 | 0.7 | -14.0% |
| Total | 35.0 | 18.8 | 21.6 | 18.3 | -19.4% |
Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Australia in 2022:
- Singapore (208.6 tons)
- New Zealand (65.4 tons)
- China (62.0 tons)
- Hong Kong SAR (53.2 tons)
- Japan (26.0 tons)
- Malaysia (22.3 tons)
- Taiwan (Chinese) (15.2 tons)
- United States (13.9 tons)
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