Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ireland - 2023

Contents:

  1. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ireland (FOB) - 2023
  2. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ireland (CIF) - 2023
  3. Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ireland
  4. Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ireland

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ireland (FOB) - 2023

In October 2023, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $7,845 per ton, declining by -2.1% against the previous month. Overall, export price indicated slight growth from October 2022 to October 2023: its price increased at an average monthly rate of +1.4% over the last twelve-month period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds decreased by -12.4% against July 2023 indices. The pace of growth appeared the most rapid in December 2022 when the average export price increased by 47% against the previous month. As a result, the export price reached the peak level of $9,725 per ton. From January 2023 to October 2023, the the average export prices failed to regain momentum.

Prices varied noticeably by the country of destination: the country with the highest price was Spain ($24,033 per ton), while the average price for exports to Germany ($3,364 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+4.7%), while the prices for the other major destinations experienced more modest paces of growth.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ireland (CIF) - 2023

In October 2023, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $11,305 per ton, increasing by 9.9% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.7%. The most prominent rate of growth was recorded in September 2023 an increase of 57% against the previous month. The import price peaked at $11,678 per ton in December 2022; however, from January 2023 to October 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was France ($18,173 per ton), while the price for Belgium ($3,435 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 Denmark (+4.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ireland

In 2022, the amount of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds exported from Ireland totaled 5.6K tons, surging by 12% against 2021. The total export volume increased at an average annual rate of +5.1% 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, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds rose to $39M in 2022. The total export value increased at an average annual rate of +4.7% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 12% against the previous year. Over the period under review, the exports of reached the maximum in 2022 and are expected to retain growth in the near future.

Export of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
France10.09.613.512.06.3%
South Korea11.513.710.28.6-9.2%
Italy3.62.95.05.414.5%
China3.72.01.04.13.5%
Spain3.03.14.63.11.1%
United Kingdom1.01.10.91.13.2%
United States0.60.30.61.018.6%
Germany0.10.10.10.791.3%
VietnamN/A0.10.30.5123.6%
Hong Kong SAR0.10.10.30.571.0%
Sweden0.20.20.20.426.0%
Others0.40.61.11.968.1%
Total34.333.837.939.44.7%

Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Ireland in 2022:

  1. France (1993.8 tons)
  2. Italy (1028.0 tons)
  3. South Korea (864.6 tons)
  4. China (488.0 tons)
  5. United States (183.5 tons)
  6. Spain (158.7 tons)
  7. United Kingdom (149.9 tons)
  8. Vietnam (139.5 tons)
  9. Sweden (127.1 tons)
  10. Germany (117.3 tons)
  11. Hong Kong SAR (99.9 tons)

Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ireland

Imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds into Ireland was estimated at 2.2K tons in 2022, increasing by 2.3% on 2021. The total import volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The pace of growth was the most pronounced in 2020 when imports increased by 22% against the previous year. As a result, imports reached the peak of 2.5K tons. From 2021 to 2022, the growth of imports of remained at a lower figure.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds contracted modestly to $21M in 2022. The total import value increased at an average annual rate of +3.8% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 11%. As a result, imports reached the peak of $22M, and then fell slightly in the following year.

Import of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Ireland (Million USD)
COUNTRY2019202020212022CAGR,
2019-2022
United Kingdom9.59.44.95.2-18.2%
Netherlands2.02.53.94.329.1%
Vietnam0.71.03.33.367.7%
Denmark2.12.02.42.67.4%
France1.12.22.62.124.1%
Belgium0.80.10.60.5-14.5%
Italy0.20.20.30.314.5%
MalaysiaN/AN/A0.20.350.0%
Others2.22.03.42.0-3.1%
Total18.519.421.620.73.8%

Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Ireland in 2022:

  1. United Kingdom (641.3 tons)
  2. Denmark (377.2 tons)
  3. Netherlands (351.9 tons)
  4. Vietnam (280.5 tons)
  5. France (139.3 tons)
  6. Belgium (137.0 tons)
  7. Malaysia (46.2 tons)
  8. Italy (36.9 tons)

Source: IndexBox Market Intelligence Platform

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