Shrimp Price in Angola - 2022
Contents:
- Shrimp Price in Angola (FOB) - 2022
- Shrimp Price in Angola (CIF) - 2022
- Shrimp Exports in Angola
- Shrimp Imports in Angola
Shrimp Price in Angola (FOB) - 2022
The average shrimp export price stood at $12,523 per ton in 2022, surging by 11% against the previous year. Over the last decade, it increased at an average annual rate of +2.4%. The pace of growth was the most pronounced in 2014 an increase of 16% against the previous year. The export price peaked at $12,995 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Spain ($13,000 per ton), while the average price for exports to Portugal amounted to $11,416 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+2.8%).
Shrimp Price in Angola (CIF) - 2022
In 2022, the average shrimp import price amounted to $6,949 per ton, with a decrease of -23.7% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when the average import price increased by 44%. Over the period under review, average import prices attained the maximum at $10,441 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($11,729 per ton), while the price for South Africa ($5,614 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Exports in Angola
In 2022, shipments abroad of shrimps increased by 99.9% to 864 tons for the first time since 2019, thus ending a two-year declining trend. Overall, exports, however, showed a precipitous shrinkage.
In value terms, shrimp exports soared to $11M in 2022. In general, exports, however, showed a dramatic downturn.
| Export of Shrimp in Angola (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 15.5 | 4.2 | 3.5 | 7.8 | -20.5% |
| Portugal | 6.1 | 1.7 | 1.3 | 3.0 | -21.1% |
| Others | N/A | N/A | 0.1 | N/A | 0% |
| Total | 21.5 | 5.9 | 4.9 | 10.8 | -20.5% |
Top Export Markets for Shrimp from Angola in 2022:
- Spain (603.4 tons)
- Portugal (260.2 tons)
Shrimp Imports in Angola
In 2022, supplies from abroad of shrimps was finally on the rise to reach 162 tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, saw a abrupt contraction.
In value terms, shrimp imports skyrocketed to $1.1M in 2022. Overall, imports, however, faced a deep slump.
| Import of Shrimp in Angola (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 1,257 | 497 | 86.5 | 550 | -24.1% |
| Vietnam | 577 | 238 | 113 | 312 | -18.5% |
| Spain | 228 | 70.7 | 81.0 | 191 | -5.7% |
| South Africa | 80.8 | 25.2 | 24.9 | 58.7 | -10.1% |
| India | N/A | 116 | N/A | N/A | 0% |
| Others | 20.5 | 1.6 | 6.1 | 14.1 | -11.7% |
| Total | 2,164 | 949 | 312 | 1,126 | -19.6% |
Top Suppliers of Shrimp to Angola in 2022:
- Portugal (87.0 tons)
- Vietnam (46.9 tons)
- Spain (16.3 tons)
- South Africa (10.4 tons)
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