Shrimp Price in Israel - 2023
Contents:
- Shrimp Price in Israel (CIF) - 2022
- Shrimp Price in Israel (FOB) - 2022
- Shrimp Imports in Israel
- Shrimp Exports in Israel
Shrimp Price in Israel (CIF) - 2022
In 2022, the average shrimp import price amounted to $8,931 per ton, almost unchanged from the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 when the average import price increased by 14%. Over the period under review, average import prices reached the peak figure at $10,280 per ton in 2018; however, from 2019 to 2022, import prices stood at a somewhat lower figure.
Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the countries with the highest prices were China ($10,904 per ton) and the UK ($9,655 per ton), while the price for Thailand ($8,662 per ton) and India ($8,817 per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Price in Israel (FOB) - 2022
The average shrimp export price stood at $14,508 per ton in 2022, with an increase of 31% against the previous year. In general, the export price posted a tangible expansion. The most prominent rate of growth was recorded in 2021 when the average export price increased by 53% against the previous year. The export price peaked in 2022 and is likely to see steady growth in the immediate term.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Vietnam ($21,107 per ton), while the average price for exports to Palestine totaled $9,207 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (+6.0%), while the prices for the other major destinations experienced mixed trend patterns.
Shrimp Imports in Israel
In 2022, shrimp imports into Israel stood at 3.4K tons, growing by 2.5% compared with the previous year. Over the period under review, total imports indicated prominent growth from 2019 to 2022: its volume increased at an average annual rate of +12.3% 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 +56.2% against 2020 indices. The growth pace was the most rapid in 2021 when imports increased by 52% against the previous year. Imports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, shrimp imports reached $30M in 2022. Overall, total imports indicated resilient growth from 2019 to 2022: its value increased at an average annual rate of +14.3% 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 +55.9% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 53% against the previous year. Imports peaked in 2022 and are expected to retain growth in the near future.
| Import of Shrimp in Israel (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 11.7 | 9.2 | 17.6 | 17.6 | 14.6% |
| India | 3.8 | 4.9 | 6.2 | 6.3 | 18.4% |
| United Kingdom | 2.3 | 1.9 | 2.2 | 2.4 | 1.4% |
| Thailand | 0.8 | 1.0 | 2.3 | 2.3 | 42.2% |
| China | 1.2 | 0.6 | 0.5 | 0.8 | -12.6% |
| Argentina | 0.5 | 0.5 | 0.7 | 0.7 | 11.9% |
| Others | 0.1 | 1.5 | 0.3 | 0.3 | 44.2% |
| Total | 20.4 | 19.5 | 29.8 | 30.4 | 14.2% |
Top Suppliers of Shrimp to Israel in 2022:
- Vietnam (1986.9 tons)
- India (719.4 tons)
- Thailand (267.0 tons)
- United Kingdom (249.9 tons)
- Argentina (77.7 tons)
- China (71.3 tons)
Shrimp Exports in Israel
In 2022, exports of shrimps from Israel soared to 117 tons, increasing by 846% on 2021. Overall, exports enjoyed a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.
In value terms, shrimp exports skyrocketed to $1.7M in 2022. In general, exports saw a significant expansion. As a result, the exports attained the peak and are likely to continue growth in the immediate term.
| Export of Shrimp in Israel (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 70.3 | 10.2 | 44.5 | 947 | 137.9% |
| Palestine | 24.8 | 5.0 | 67.6 | 649 | 196.9% |
| India | 12.9 | 1.2 | N/A | N/A | -90.7% |
| Others | 7.0 | 0.6 | 25.9 | 109 | 149.7% |
| Total | 115 | 17.0 | 138 | 1,704 | 145.6% |
Top Export Markets for Shrimp from Israel in 2022:
- Palestine (70.4 tons)
- Vietnam (44.8 tons)
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