Shrimp Price in Ireland - 2023
Contents:
- Shrimp Price in Ireland (CIF) - 2023
- Shrimp Price in Ireland (FOB) - 2023
- Shrimp Imports in Ireland
- Shrimp Exports in Ireland
Shrimp Price in Ireland (CIF) - 2023
In May 2023, the average shrimp import price amounted to $10,205 per ton, dropping by -7.8% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in November 2022 when the average import price increased by 34% m-o-m. As a result, import price attained the peak level of $11,831 per ton. From December 2022 to May 2023, the average import prices remained at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($13,981 per ton), while the price for Ecuador ($5,917 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 Vietnam (+3.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Price in Ireland (FOB) - 2023
In May 2023, the average shrimp export price amounted to $13,123 per ton, shrinking by -11.8% against the previous month. In general, the export price continues to indicate a mild reduction. The growth pace was the most rapid in December 2022 an increase of 32% month-to-month. As a result, the export price attained the peak level of $21,121 per ton. From January 2023 to May 2023, the the average export prices remained at a somewhat lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Portugal ($37,253 per ton), while the average price for exports to Belgium ($2,100 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 China (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Imports in Ireland
After three years of growth, supplies from abroad of shrimps decreased by -14.2% to 4.5K tons in 2022. The total import volume increased at an average annual rate of +1.5% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. The pace of growth was the most pronounced in 2020 with an increase of 12% against the previous year.
In value terms, shrimp imports declined to $48M in 2022. The total import value increased at an average annual rate of +5.5% 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 2021 with an increase of 22% against the previous year. As a result, imports attained the peak of $52M, and then dropped in the following year.
| Import of Shrimp in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 2.7 | 5.6 | 9.3 | 7.9 | 43.0% |
| Vietnam | 3.5 | 1.7 | 7.8 | 7.8 | 30.6% |
| India | 4.5 | 3.3 | 8.1 | 7.1 | 16.4% |
| United Kingdom | 18.7 | 20.5 | 5.4 | 5.3 | -34.3% |
| France | 3.1 | 4.3 | 4.2 | 3.9 | 8.0% |
| Denmark | 2.1 | 2.1 | 2.9 | 2.9 | 11.4% |
| Belgium | 1.1 | 1.1 | 3.9 | 2.3 | 27.9% |
| Ecuador | 0.5 | 0.7 | 1.6 | 2.1 | 61.3% |
| Others | 4.8 | 3.8 | 9.1 | 8.9 | 22.9% |
| Total | 40.9 | 42.9 | 52.4 | 48.0 | 5.5% |
Top Suppliers of Shrimp to Ireland in 2022:
- United Kingdom (672.0 tons)
- India (661.0 tons)
- Netherlands (648.2 tons)
- Vietnam (644.6 tons)
- France (337.3 tons)
- Denmark (334.0 tons)
- Ecuador (270.7 tons)
- Belgium (222.5 tons)
Shrimp Exports in Ireland
In 2022, the amount of shrimps exported from Ireland skyrocketed to 1.8K tons, growing by 20% compared with 2021 figures. In general, exports recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of 30% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, shrimp exports skyrocketed to $27M in 2022. Over the period under review, total exports indicated a strong increase from 2019 to 2022: its value increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +66.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of 34% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.
| Export of Shrimp in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 9.3 | 4.9 | 9.7 | 11.4 | 7.0% |
| Spain | 6.7 | 6.4 | 6.9 | 6.8 | 0.5% |
| France | 2.1 | 1.7 | 2.8 | 2.9 | 11.4% |
| United Kingdom | 3.2 | 2.3 | 1.7 | 2.4 | -9.1% |
| China | 0.1 | N/A | 0.1 | 1.3 | 135.1% |
| Portugal | 1.4 | 0.9 | 1.0 | 1.2 | -5.0% |
| South Korea | N/A | N/A | N/A | 0.6 | 0% |
| Others | 0.2 | 0.4 | 0.1 | 0.8 | 58.7% |
| Total | 23.0 | 16.5 | 22.2 | 27.5 | 6.1% |
Top Export Markets for Shrimp from Ireland in 2022:
- Italy (762.9 tons)
- Spain (264.9 tons)
- France (241.6 tons)
- United Kingdom (205.5 tons)
- China (122.5 tons)
- South Korea (68.9 tons)
- Portugal (39.2 tons)
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