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

Contents:

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

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

In 2022, the average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $1,890 per ton, which is down by -55.3% against the previous year. Over the period under review, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2020 when the average import price increased by 22%. As a result, import price attained the peak level of $4,376 per ton. From 2021 to 2022, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($4,262 per ton), while the price for Chile ($1,137 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Mexico (+22.5%), while the prices for the other major suppliers experienced mixed trend patterns.

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

In 2022, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $3,794 per ton, approximately equating the previous year. In general, the export price continues to indicate a deep downturn. The pace of growth appeared the most rapid in 2013 a decrease of -4.3%. Over the period under review, the average export prices reached the maximum at $9,327 per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

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 ($14,200 per ton), while the average price for exports to South Korea ($1,000 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 (+48.0%), 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 Uruguay

In 2022, supplies from abroad of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds increased by 310% to 655 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports recorded significant growth. As a result, imports attained 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 skyrocketed to $1.2M in 2022. Overall, total imports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three years. The trend pattern, however, indicated some 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 Uruguay in 2022:

1. Chile (342.5 tons)
2. Spain (118.5 tons)
3. China (98.7 tons)
4. Peru (84.1 tons)

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

In 2022, the amount of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds exported from Uruguay was estimated at 63 kg, remaining relatively unchanged against 2021 figures. Overall, exports showed a dramatic curtailment. The smallest decline of 99.9% was in 2021.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $239 in 2022. In general, exports recorded a precipitous shrinkage. The smallest decline of 99.9% was in 2021.

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

1. Italy (29.0 kg)
2. United States (5.0 kg)
3. Canada (2.0 kg)
4. United Kingdom (1.0 kg)
5. South Korea (1.0 kg)
6. Spain (1.0 kg)

Source: IndexBox Market Intelligence Platform