Shrimp Price in Qatar - 2023
Contents:
Shrimp Price in Qatar (CIF) - 2023
In June 2023, the average shrimp import price amounted to $4,343 per ton, shrinking by -10.8% against the previous month. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 an increase of 100% month-to-month. Over the period under review, average import prices reached the maximum at $6,924 per ton in February 2023; however, from March 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United Arab Emirates ($8,494 per ton), while the price for Iran ($1,676 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Sri Lanka (+9.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Imports in Qatar
In 2022, overseas purchases of shrimps decreased by -6.4% to 4.6K tons, falling for the second consecutive year after two years of growth. Overall, imports showed a slight decline. The most prominent rate of growth was recorded in 2020 with an increase of 13% against the previous year. As a result, imports reached the peak of 5.4K tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, shrimp imports contracted slightly to $21M in 2022. In general, imports recorded a abrupt shrinkage. The smallest decline of -1.3% was in 2020.
| Import of Shrimp in Qatar (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 15.8 | 15.5 | 13.8 | 12.0 | -8.8% |
| Vietnam | 3.6 | 2.4 | 1.8 | 2.2 | -15.1% |
| Pakistan | 1.4 | 2.4 | 2.3 | 1.6 | 4.6% |
| Iran | 2.8 | 2.6 | 2.1 | 1.6 | -17.0% |
| Kuwait | 0.9 | 0.4 | 0.8 | 1.3 | 13.0% |
| Sri Lanka | N/A | N/A | N/A | 0.8 | 0% |
| Malaysia | 0.6 | 1.0 | 0.2 | 0.5 | -5.9% |
| Others | 0.4 | 0.9 | 0.8 | 1.1 | 40.1% |
| Total | 25.5 | 25.2 | 21.8 | 21.2 | -6.0% |
Top Suppliers of Shrimp to Qatar in 2022:
- India (1919.9 tons)
- Iran (1438.6 tons)
- Pakistan (502.2 tons)
- Sri Lanka (211.2 tons)
- Vietnam (196.4 tons)
- Kuwait (116.7 tons)
- Malaysia (59.3 tons)
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