Shrimp Price in Kazakhstan - 2021
Contents:
- Shrimp Price in Kazakhstan (CIF) - 2022
- Shrimp Price in Kazakhstan (FOB) - 2022
- Shrimp Imports in Kazakhstan
- Shrimp Exports in Kazakhstan
Shrimp Price in Kazakhstan (CIF) - 2022
In 2022, the average shrimp import price amounted to $7,184 per ton, surging by 22% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +2.7%. The pace of growth was the most pronounced in 2013 when the average import price increased by 22%. The import price peaked at $7,842 per ton in 2014; however, from 2015 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($9,349 per ton), while the price for Denmark ($5,291 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Greenland (+53.5%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Price in Kazakhstan (FOB) - 2022
The average shrimp export price stood at $10,769 per ton in 2022, picking up by 11% against the previous year. In general, the export price, however, continues to indicate a mild decrease. The most prominent rate of growth was recorded in 2020 an increase of 70% against the previous year. Over the period under review, the average export prices reached the peak figure at $14,176 per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Russia ($10,808 per ton), while the average price for exports to Kyrgyzstan totaled $6,290 per ton.
From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Russia (+40.3%), while the prices for the other major destinations experienced mixed trend patterns.
Shrimp Imports in Kazakhstan
In 2022, supplies from abroad of shrimps decreased by -0.6% to 1.9K tons for the first time since 2018, thus ending a three-year rising trend. In general, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 with an increase of 65%. As a result, imports reached the peak of 2K tons, leveling off in the following year.
In value terms, shrimp imports surged to $14M in 2022. Over the period under review, imports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 57% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.
| Import of Shrimp in Kazakhstan (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 3.3 | 3.4 | 4.4 | 6.1 | 22.7% |
| India | 1.1 | 1.7 | 1.5 | 2.9 | 38.1% |
| Greenland | N/A | N/A | 0.2 | 2.1 | 950.0% |
| China | 0.6 | 1.1 | 3.6 | 1.3 | 29.4% |
| Ecuador | N/A | N/A | 0.3 | 0.9 | 200.0% |
| Iran | N/A | N/A | 0.2 | 0.3 | 50.0% |
| Denmark | 0.1 | 0.1 | 0.2 | 0.3 | 44.2% |
| Vietnam | 0.4 | 0.6 | 0.4 | N/A | 0.0% |
| Others | 0.3 | 0.4 | 0.8 | 0.1 | -30.7% |
| Total | 5.8 | 7.3 | 11.5 | 13.9 | 33.8% |
Top Suppliers of Shrimp to Kazakhstan in 2022:
- Russia (651.6 tons)
- India (532.2 tons)
- Greenland (389.6 tons)
- China (146.5 tons)
- Ecuador (102.7 tons)
- Denmark (53.0 tons)
- Iran (51.0 tons)
Shrimp Exports in Kazakhstan
After three years of growth, shipments abroad of shrimps decreased by -79.3% to 24 tons in 2022. In general, exports saw a abrupt setback. The pace of growth was the most pronounced in 2020 when exports increased by 129%.
In value terms, shrimp exports dropped rapidly to $254K in 2022. Over the period under review, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2020 with an increase of 290%.
| Export of Shrimp in Kazakhstan (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 121 | 627 | 1,051 | 253 | 27.9% |
| Kyrgyzstan | 23.1 | 1.3 | 26.6 | 1.3 | -61.7% |
| Others | 18.1 | 4.5 | 25.8 | N/A | 19.4% |
| Total | 163 | 633 | 1,104 | 254 | 15.9% |
Top Export Markets for Shrimp from Kazakhstan in 2022:
- Russia (23.4 tons)
- Kyrgyzstan (0.2 tons)
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