Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Saudi Arabia - 2022

Contents:

1. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Saudi Arabia (FOB) - 2022
2. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Saudi Arabia (CIF) - 2022
3. Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Saudi Arabia
4. Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Saudi Arabia

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Saudi Arabia (FOB) - 2022

In 2021, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $7,893 per ton, picking up by 4.2% against the previous year. Over the period under review, the export price, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2017 when the average export price increased by 24%. Over the period under review, the average export prices hit record highs at $10,804 per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Jordan ($11,439 per ton), while the average price for exports to Yemen ($2,666 per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Egypt (+140.2%), while the prices for the other major destinations experienced a decline.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Saudi Arabia (CIF) - 2022

In 2020, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $8,799 per ton, rising by 12% against the previous year. Overall, the import price posted a buoyant expansion. The most prominent rate of growth was recorded in 2014 an increase of 27%. Over the period under review, average import prices reached the peak figure in 2020 and is likely to continue growth in years to come.

As there is only one major supplying country, the average price level is determined by prices for the United Arab Emirates.

From 2012 to 2020, the rate of growth in terms of prices for the Philippines amounted to +19.3% per year.

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

For the third year in a row, Saudi Arabia recorded decline in overseas shipments of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds, which decreased by -17.5% to 488 tons in 2022. In general, exports faced a abrupt slump. The smallest decline of -9.1% was in 2020.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds declined to $4.2M in 2022. Over the period under review, exports recorded a abrupt curtailment. The smallest decline of -5.4% was in 2021.

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

1. Jordan (25.2 tons)
2. United Arab Emirates (12.0 tons)
3. Bahrain (2.0 tons)
4. Libya (0.9 tons)
5. Kuwait (0.7 tons)
6. Yemen (0.7 tons)

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

In 2020, approx. 925 tons of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds were imported into Saudi Arabia; waning by -8.3% against 2019. In general, imports saw a abrupt descent.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds rose to $8.1M in 2020. The total import value increased at an average annual rate of +2.7% from 2019 to 2020; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

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

1. United Arab Emirates (901.0 tons)

Source: IndexBox Market Intelligence Platform