Shrimp Price in Germany - 2023
Contents:
- Shrimp Price in Germany (CIF) - 2023
- Shrimp Price in Germany (FOB) - 2023
- Shrimp Imports in Germany
- Shrimp Exports in Germany
Shrimp Price in Germany (CIF) - 2023
The average shrimp import price stood at $10,458 per ton in May 2023, with an increase of 3.7% against the previous month. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in September 2022 when the average import price increased by 16% m-o-m. Over the period under review, average import prices hit record highs at $11,466 per ton in January 2023; however, from February 2023 to May 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In May 2023, the country with the highest price was France ($13,111 per ton), while the price for Denmark ($6,297 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was attained by Spain (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Price in Germany (FOB) - 2023
In May 2023, the average shrimp export price amounted to $8,553 per ton, remaining constant against the previous month. Over the period under review, the export price, however, continues to indicate a slight contraction. The pace of growth appeared the most rapid in January 2023 an increase of 28% m-o-m. As a result, the export price attained the peak level of $10,609 per ton. From February 2023 to May 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major foreign markets. In May 2023, the country with the highest price was Austria ($12,150 per ton), while the average price for exports to Iceland ($2,070 per ton) was amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Denmark (+2.2%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Imports in Germany
In 2022, purchases abroad of shrimps decreased by -8.3% to 65K tons, falling for the second year in a row after two years of growth. The total import volume increased at an average annual rate of +2.3% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 17% against the previous year. As a result, imports attained the peak of 71K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, shrimp imports reduced to $742M in 2022. The total import value increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2020 with an increase of 14%.
| Import of Shrimp in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 199 | 292 | 318 | 252 | 8.2% |
| Vietnam | 128 | 109 | 125 | 172 | 10.4% |
| Bangladesh | 64.9 | 44.1 | 42.9 | 57.5 | -4.0% |
| India | 39.2 | 22.6 | 24.9 | 52.2 | 10.0% |
| Denmark | 29.4 | 67.4 | 60.0 | 44.3 | 14.6% |
| France | 21.4 | 43.9 | 54.6 | 35.7 | 18.6% |
| Spain | 14.5 | 15.6 | 28.9 | 35.6 | 34.9% |
| Belgium | 40.1 | 41.0 | 35.5 | 27.3 | -12.0% |
| Others | 102 | 90.0 | 73.2 | 66.1 | -13.5% |
| Total | 638 | 725 | 762 | 742 | 5.2% |
Top Suppliers of Shrimp to Germany in 2022:
- Netherlands (20.5K tons)
- Vietnam (13.7K tons)
- Denmark (7.6K tons)
- India (5.0K tons)
- Bangladesh (4.0K tons)
- Spain (3.1K tons)
- France (2.9K tons)
- Belgium (2.5K tons)
Shrimp Exports in Germany
In 2022, overseas shipments of shrimps decreased by -19.6% to 21K tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when exports increased by 13%. As a result, the exports attained the peak of 26K tons, and then fell dramatically in the following year.
In value terms, shrimp exports shrank to $187M in 2022. The total export value increased at an average annual rate of +3.2% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 16% against the previous year. As a result, the exports reached the peak of $205M, and then reduced in the following year.
| Export of Shrimp in Germany (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 32.2 | 32.8 | 50.3 | 48.5 | 14.6% |
| Austria | 35.6 | 29.0 | 34.4 | 30.2 | -5.3% |
| Poland | 14.1 | 11.4 | 13.8 | 18.9 | 10.3% |
| Denmark | 5.9 | 22.1 | 22.9 | 17.2 | 42.9% |
| France | 11.6 | 13.0 | 13.7 | 9.9 | -5.1% |
| Spain | 9.5 | 5.7 | 9.2 | 9.7 | 0.7% |
| Italy | 4.0 | 8.3 | 10.9 | 8.6 | 29.1% |
| Switzerland | 8.2 | 8.4 | 7.9 | 7.0 | -5.1% |
| Czech Republic | 5.6 | 4.3 | 5.2 | 4.3 | -8.4% |
| Belgium | 7.0 | 4.9 | 5.1 | 4.0 | -17.0% |
| Morocco | 4.7 | 4.0 | 3.0 | 2.5 | -19.0% |
| United Kingdom | 6.3 | 13.1 | 0.9 | 0.6 | -54.3% |
| Others | 25.6 | 19.7 | 28.3 | 25.5 | -0.1% |
| Total | 170 | 177 | 205 | 187 | 3.2% |
Top Export Markets for Shrimp from Germany in 2022:
- United Kingdom (undefinedK tons)
- Netherlands (6.4K tons)
- Denmark (3.4K tons)
- Austria (2.3K tons)
- Poland (1.6K tons)
- France (1.0K tons)
- Spain (1.0K tons)
- Morocco (0.9K tons)
- Italy (0.8K tons)
- Switzerland (0.5K tons)
- Czech Republic (0.3K tons)
- Belgium (0.3K tons)
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