Shrimp Price in Brazil - 2023
Contents:
- Shrimp Price in Brazil (FOB) - 2022
- Shrimp Price in Brazil (CIF) - 2022
- Shrimp Exports in Brazil
- Shrimp Imports in Brazil
Shrimp Price in Brazil (FOB) - 2022
In 2022, the average shrimp export price amounted to $9,879 per ton, remaining constant against the previous year. Overall, the export price, however, saw a noticeable shrinkage. The most prominent rate of growth was recorded in 2017 an increase of 76% against the previous year. Over the period under review, the average export prices hit record highs at $16,871 per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was the Netherlands ($20,008 per ton), while the average price for exports to the United Arab Emirates ($3,385 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 Spain (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Price in Brazil (CIF) - 2022
The average shrimp import price stood at $10,107 per ton in 2022, growing by 15% against the previous year. Over the period under review, the import price, however, saw a noticeable contraction. The pace of growth appeared the most rapid in 2015 when the average import price increased by 77%. The import price peaked at $19,770 per ton in 2017; however, from 2018 to 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 2013 to 2022, the rate of growth in terms of prices for Argentina amounted to -6.7% per year.
Shrimp Exports in Brazil
For the fourth year in a row, Brazil recorded growth in overseas shipments of shrimps, which increased by 0.7% to 580 tons in 2022. Overall, exports continue to indicate significant growth. The growth pace was the most rapid in 2021 with an increase of 155% against the previous year. The exports peaked in 2022 and are likely to see steady growth in years to come.
In value terms, shrimp exports amounted to $5.7M in 2022. In general, exports showed resilient growth. The growth pace was the most rapid in 2021 when exports increased by 139%. The exports peaked in 2022 and are expected to retain growth in the near future.
| Export of Shrimp in Brazil (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 2,840 | 1,412 | 3,646 | 3,805 | 10.2% |
| United States | 88.5 | 78.6 | 463 | 483 | 76.1% |
| United Arab Emirates | 74.2 | 104 | 437 | 456 | 83.2% |
| Malaysia | 0.3 | 104 | 372 | 388 | 989.5% |
| Marshall Islands | 47.7 | 71.1 | 73.6 | 76.8 | 17.2% |
| Panama | 48.7 | 59.3 | 65.1 | 68.0 | 11.8% |
| Others | 361 | 552 | 627 | 450 | 7.6% |
| Total | 3,461 | 2,380 | 5,683 | 5,727 | 18.3% |
Top Export Markets for Shrimp from Brazil in 2022:
- Japan (229.9 tons)
- United Arab Emirates (134.6 tons)
- Malaysia (87.9 tons)
- United States (76.9 tons)
- Panama (7.8 tons)
- Marshall Islands (7.6 tons)
Shrimp Imports in Brazil
In 2022, supplies from abroad of shrimps decreased by -99.8% to 674 kg for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports recorded a dramatic shrinkage. The growth pace was the most rapid in 2020 with an increase of 48%.
In value terms, shrimp imports fell markedly to $6.8K in 2022. Overall, imports faced a precipitous shrinkage. The pace of growth appeared the most rapid in 2020 with an increase of 36%.
| Import of Shrimp in Brazil (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 1.6 | 2.3 | 1.9 | N/A | 9.0% |
| India | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Argentina | N/A | N/A | 1.3 | N/A | 0% |
| Others | 0.1 | N/A | N/A | N/A | 0% |
| Total | 1.8 | 2.5 | 3.2 | N/A | 33.3% |
Top Suppliers of Shrimp to Brazil in 2022:
- Ecuador (674.0 kg)
634
This report provides an in-depth analysis of the market for crab and crab meat in Brazil.
627
This report provides an in-depth analysis of the frozen crustaceans market in Brazil.
302
This report provides an in-depth analysis of the crabs, not frozen market in Brazil.
293
This report provides an in-depth analysis of the frozen norway lobster market in Brazil.
298
This report provides an in-depth analysis of the market for frozen crab and crab meat in Brazil.
233
This report provides an in-depth analysis of the frozen lobster market in Brazil.
1854
This report provides an in-depth analysis of the global market for crab and crab meat.
1456
This report provides an in-depth analysis of the global frozen crustaceans market.
338
This report provides an in-depth analysis of the global crabs, not frozen market.
394
This report provides an in-depth analysis of the global frozen norway lobster market.
545
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
916
In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
411
Explore the top import markets for frozen crustaceans, including the United States, China, and Japan. Find key statistics and insights on the global market for these delectable seafood delicacies.
2515
This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.
495
Explore the top import markets for Frozen Crab and Crab Meat, including the United States, Japan, China, and more. Discover key statistics and trends in the global crab meat industry.
130
Explore the top import markets for frozen lobster around the world and discover key statistics and trends in the global seafood industry.
1734
In value terms, molluscs imports amounted to $X in 2016. The total import value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuati...
1965
In value terms, molluscs exports amounted to $X in 2016. The total export value increased at an average annual rate of +X% from 2007 to 2016; the trend pattern indicated some noticeable fluctuatio...
545
Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
916
In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
