Shrimp Price in Argentina - 2022
Contents:
- Shrimp Price in Argentina (FOB) - 2022
- Shrimp Price in Argentina (CIF) - 2022
- Shrimp Exports in Argentina
- Shrimp Imports in Argentina
Shrimp Price in Argentina (FOB) - 2022
In 2022, the average shrimp export price amounted to $7,248 per ton, leveling off at the previous year. Over the last decade, it increased at an average annual rate of +1.7%. The growth pace was the most rapid in 2021 when the average export price increased by 13%. Over the period under review, the average export prices hit record highs in 2022 and is likely to see gradual growth in the immediate term.
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 ($9,721 per ton), while the average price for exports to Peru ($6,450 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 Peru (+2.7%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Price in Argentina (CIF) - 2022
In December 2022, the average shrimp import price amounted to $6,430 per ton, flattening at the previous month. Over the period under review, the import price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 11% month-to-month. The import price peaked at $7,653 per ton in January 2022; however, from February 2022 to December 2022, import prices stood at a somewhat lower figure.
As there is only one major supplying country, the average price level is determined by prices for Ecuador.
From December 2021 to December 2022, the rate of growth in terms of prices for Ecuador amounted to -0.6% per month.
Shrimp Exports in Argentina
In 2022, shrimp exports from Argentina amounted to 162K tons, with an increase of 2.2% against 2021. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 23% against the previous year.
In value terms, shrimp exports rose modestly to $1.2B in 2022. The total export value increased at an average annual rate of +3.9% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2021 with an increase of 39% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are likely to see gradual growth in the near future.
| Export of Shrimp in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 314 | 256 | 448 | 432 | 11.2% |
| Italy | 107 | 94.2 | 198 | 191 | 21.3% |
| China | 265 | 122 | 92.2 | 151 | -17.1% |
| Japan | 54.6 | 54.2 | 72.0 | 69.5 | 8.4% |
| United States | 35.4 | 58.7 | 66.2 | 63.9 | 21.8% |
| Peru | 44.0 | 58.3 | 58.0 | 56.0 | 8.4% |
| Thailand | 44.6 | 34.9 | 49.7 | 48.0 | 2.5% |
| Russia | 40.8 | 42.3 | 39.7 | 38.7 | -1.7% |
| Vietnam | 22.5 | 27.6 | 18.9 | 21.8 | -1.0% |
| Others | 119 | 74.6 | 104 | 104 | -4.4% |
| Total | 1,047 | 823 | 1,145 | 1,176 | 3.9% |
Top Export Markets for Shrimp from Argentina in 2022:
- Spain (59.5K tons)
- Italy (23.9K tons)
- China (23.4K tons)
- Japan (9.5K tons)
- Peru (8.7K tons)
- Thailand (7.2K tons)
- United States (6.6K tons)
- Russia (5.8K tons)
- Vietnam (3.0K tons)
Shrimp Imports in Argentina
In 2022, shrimp imports into Argentina stood at 697 tons, surging by 11% against 2021. In general, total imports indicated a remarkable increase from 2019 to 2022: its volume increased at an average annual rate of +7.0% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -20.0% against 2020 indices. The pace of growth was the most pronounced in 2020 when imports increased by 53% against the previous year. As a result, imports reached the peak of 871 tons. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, shrimp imports rose markedly to $5.3M in 2022. The total import value increased at an average annual rate of +9.1% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2020 with an increase of 33%. As a result, imports reached the peak of $5.4M. From 2021 to 2022, the growth of imports failed to regain momentum.
| Import of Shrimp in Argentina (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 3.8 | 3.5 | 4.6 | 5.3 | 11.7% |
| Others | 0.3 | 2.0 | 0.1 | N/A | -42.3% |
| Total | 4.1 | 5.4 | 4.7 | 5.3 | 8.9% |
Top Suppliers of Shrimp to Argentina in 2022:
- Ecuador (695.7 tons)
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