Shrimp Price in Greece - 2023
Contents:
- Shrimp Price in Greece (CIF) - 2023
- Shrimp Price in Greece (FOB) - 2023
- Shrimp Imports in Greece
- Shrimp Exports in Greece
Shrimp Price in Greece (CIF) - 2023
In May 2023, the average shrimp import price amounted to $7,263 per ton, with an increase of 1.6% against the previous month. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in November 2022 an increase of 55% against the previous month. The import price peaked at $7,751 per ton in June 2022; however, from July 2022 to May 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Spain ($13,753 per ton), while the price for Turkey ($3,750 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 the Netherlands (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Price in Greece (FOB) - 2023
The average shrimp export price stood at $7,148 per ton in May 2023, declining by -2.1% against the previous month. In general, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in September 2022 when the average export price increased by 32% month-to-month. Over the period under review, the average export prices reached the peak figure at $7,510 per ton in July 2022; however, from August 2022 to May 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($9,375 per ton), while the average price for exports to Albania ($5,184 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 Albania (+1.5%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Imports in Greece
In 2022, approx. 12K tons of shrimps were imported into Greece; with a decrease of -6.6% compared with the previous year's figure. Over the period under review, total imports indicated a buoyant expansion from 2019 to 2022: its volume increased at an average annual rate of +9.7% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +40.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 50% against the previous year. As a result, imports attained the peak of 12K tons, and then fell in the following year.
In value terms, shrimp imports dropped slightly to $88M in 2022. Overall, total imports indicated a buoyant increase from 2019 to 2022: its value increased at an average annual rate of +11.1% 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 increased by +65.0% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by 65%. As a result, imports attained the peak of $88M, leveling off in the following year.
| Import of Shrimp in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 14.5 | 16.4 | 26.6 | 32.1 | 30.3% |
| India | 14.0 | 14.5 | 18.8 | 19.0 | 10.7% |
| Argentina | 10.8 | 6.8 | 14.0 | 7.4 | -11.8% |
| Cyprus | 0.7 | 2.4 | 3.9 | 6.4 | 109.1% |
| Spain | 4.1 | 2.3 | 5.8 | 5.6 | 11.0% |
| Netherlands | 2.6 | 2.5 | 6.1 | 5.1 | 25.2% |
| Bangladesh | 3.1 | 1.0 | 2.6 | 3.0 | -1.1% |
| Germany | 6.1 | 1.9 | 3.0 | 2.9 | -22.0% |
| Italy | 2.7 | 1.4 | 1.5 | 0.7 | -36.2% |
| Others | 5.4 | 4.0 | 5.4 | 5.5 | 0.6% |
| Total | 63.8 | 53.1 | 87.7 | 87.6 | 11.1% |
Top Suppliers of Shrimp to Greece in 2022:
- Ecuador (4.8K tons)
- India (2.8K tons)
- Argentina (0.9K tons)
- Cyprus (0.8K tons)
- Spain (0.6K tons)
- Netherlands (0.5K tons)
- Bangladesh (0.3K tons)
- Germany (0.3K tons)
- Italy (0.1K tons)
Shrimp Exports in Greece
In 2022, shrimp exports from Greece dropped to 2.8K tons, reducing by -6.3% on the previous year's figure. The total export volume increased at an average annual rate of +2.0% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 with an increase of 24% against the previous year. As a result, the exports reached the peak of 3K tons, and then shrank in the following year.
In value terms, shrimp exports dropped to $19M in 2022. The total export value increased at an average annual rate of +4.0% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when exports increased by 27% against the previous year. As a result, the exports attained the peak of $20M, and then declined in the following year.
| Export of Shrimp in Greece (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Spain | 8.3 | 9.4 | 10.4 | 9.1 | 3.1% |
| Cyprus | 2.1 | 2.1 | 3.2 | 2.7 | 8.7% |
| Italy | 3.1 | 2.1 | 2.4 | 2.1 | -12.2% |
| Romania | 0.6 | 0.6 | 0.9 | 1.2 | 26.0% |
| Bulgaria | 0.7 | 0.6 | 0.9 | 1.1 | 16.3% |
| Albania | 0.2 | 0.2 | 0.5 | 1.0 | 71.0% |
| Germany | 1.4 | 1.0 | 1.1 | 0.9 | -13.7% |
| Others | 0.4 | 0.1 | 1.0 | 1.1 | 40.1% |
| Total | 16.9 | 16.1 | 20.4 | 19.0 | 4.0% |
Top Export Markets for Shrimp from Greece in 2022:
- Spain (1476.0 tons)
- Cyprus (341.2 tons)
- Italy (273.5 tons)
- Albania (197.9 tons)
- Romania (181.9 tons)
- Bulgaria (129.4 tons)
- Germany (80.9 tons)
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