Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Sri Lanka - 2022

Contents:

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

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

The average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $7,231 per ton in 2022, with a decrease of -14.6% against the previous year. In general, the export price showed a abrupt decrease. The pace of growth was the most pronounced in 2021 when the average export price decreased by -10.1% against the previous year. The export price peaked at $24,772 per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($8,804 per ton), while the average price for exports to the UK ($2,280 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 the UK (-7.8%), while the prices for the other major destinations experienced a decline.

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

In 2022, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $1,416 per ton, with a decrease of -87.2% against the previous year. In general, the import price faced a abrupt downturn. The most prominent rate of growth was recorded in 2018 when the average import price increased by 82%. Over the period under review, average import prices reached the peak figure at $11,023 per ton in 2021, and then dropped sharply in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Maldives ($2,941 per ton), while the price for the United Arab Emirates ($1,081 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+9.6%), 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 Sri Lanka

In 2022, approx. 1.4K tons of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds were exported from Sri Lanka; waning by -45.5% compared with 2021. Over the period under review, exports showed a abrupt setback. The pace of growth appeared the most rapid in 2021 when exports increased by 170%. As a result, the exports attained the peak of 2.5K tons, and then shrank significantly in the following year.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds contracted remarkably to $9.9M in 2022. In general, exports faced a deep reduction. The most prominent rate of growth was recorded in 2021 when exports increased by 143%. As a result, the exports reached the peak of $21M, and then fell dramatically in the following year.

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

1. United States (998.8 tons)
2. United Kingdom (310.4 tons)
3. United Arab Emirates (25.8 tons)

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

In 2022, purchases abroad of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds decreased by -99.2% to 370 kg, falling for the second consecutive year after two years of growth. Overall, imports saw a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when imports increased by 179%. As a result, imports reached the peak of 87 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 fell rapidly to $524 in 2022. Over the period under review, imports showed a sharp downturn. The pace of growth appeared the most rapid in 2020 with an increase of 310% against the previous year. As a result, imports attained the peak of $905K. From 2021 to 2022, the growth of imports of remained at a lower figure.

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

1. Singapore (278.0 kg)
2. United Arab Emirates (37.0 kg)
3. China (34.0 kg)
4. Maldives (17.0 kg)

Source: IndexBox Market Intelligence Platform