Shrimp Price in Ethiopia - 2022
Contents:
Shrimp Price in Ethiopia (CIF) - 2022
The average shrimp import price stood at $12,047 per ton in 2022, rising by 56% against the previous year. Overall, the import price, however, continues to indicate a mild reduction. The import price peaked at $14,104 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
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 Turkey ($37,738 per ton), while the price for Vietnam ($3,850 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced a decline.
Shrimp Imports in Ethiopia
In 2022, the amount of shrimps imported into Ethiopia soared to 11 tons, growing by 33% on 2021. The total import volume increased at an average annual rate of +4.0% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period.
In value terms, shrimp imports skyrocketed to $129K in 2022. Overall, imports saw a remarkable increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.
| Import of Shrimp in Ethiopia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Turkey | N/A | N/A | N/A | 75.5 | 0% |
| India | 25.7 | 4.8 | 12.3 | 27.6 | 2.4% |
| United Arab Emirates | 46.6 | 82.0 | 40.9 | 13.2 | -34.3% |
| Indonesia | N/A | N/A | N/A | 7.3 | 0% |
| China | 3.7 | 0.8 | 3.9 | 4.3 | 5.1% |
| Vietnam | 6.1 | 0.4 | 1.7 | 1.2 | -41.8% |
| Sweden | 5.5 | 0.7 | 3.0 | N/A | -26.1% |
| South Africa | 6.3 | N/A | N/A | N/A | 0% |
| Others | 1.9 | 0.2 | N/A | N/A | -89.5% |
| Total | 95.7 | 89.0 | 61.8 | 129 | 10.5% |
Top Suppliers of Shrimp to Ethiopia in 2022:
- India (5.1 tons)
- Turkey (2.0 tons)
- United Arab Emirates (2.0 tons)
- China (0.9 tons)
- Indonesia (0.4 tons)
- Vietnam (0.3 tons)
98
This report provides an in-depth analysis of the market for crab and crab meat in Ethiopia.
181
This report provides an in-depth analysis of the frozen crustaceans market in Ethiopia.
150
This report provides an in-depth analysis of the crabs, not frozen market in Ethiopia.
120
This report provides an in-depth analysis of the frozen norway lobster market in Ethiopia.
144
This report provides an in-depth analysis of the market for frozen crab and crab meat in Ethiopia.
174
This report provides an in-depth analysis of the frozen lobster market in Ethiopia.
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.
915
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.
915
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.
