Shrimp Price in Spain - 2023
Contents:
- Shrimp Price in Spain (CIF) - 2023
- Shrimp Price in Spain (FOB) - 2023
- Shrimp Imports in Spain
- Shrimp Exports in Spain
Shrimp Price in Spain (CIF) - 2023
In May 2023, the average shrimp import price amounted to $7,485 per ton, shrinking by -3.6% against the previous month. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in August 2022 when the average import price increased by 6.9% month-to-month. Over the period under review, average import prices reached the maximum at $7,767 per ton in April 2023, and then contracted in the following month.
Prices varied noticeably by the country of origin: the country with the highest price was Morocco ($17,769 per ton), while the price for Venezuela ($4,741 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 Belgium (+2.7%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Price in Spain (FOB) - 2023
The average shrimp export price stood at $9,589 per ton in May 2023, approximately mirroring the previous month. Overall, the export price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in January 2023 when the average export price increased by 6.9% month-to-month. The export price peaked in May 2023.
Average prices varied somewhat for the major foreign markets. In May 2023, the highest price was recorded for prices to the Netherlands ($11,815 per ton) and Italy ($10,832 per ton), while the average price for exports to Morocco ($8,245 per ton) and Portugal ($8,469 per ton) were amongst the lowest.
From May 2022 to May 2023, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+1.4%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Imports in Spain
In 2022, the amount of shrimps imported into Spain fell to 164K tons, shrinking by -10.6% on the previous year's figure. In general, imports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when imports increased by 19% against the previous year. As a result, imports attained the peak of 183K tons, and then reduced in the following year.
In value terms, shrimp imports fell modestly to $1.3B in 2022. The total import value increased at an average annual rate of +3.9% from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 when imports increased by 32%. As a result, imports attained the peak of $1.4B, and then fell modestly in the following year.
| Import of Shrimp in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Ecuador | 227 | 250 | 330 | 375 | 18.2% |
| Argentina | 346 | 284 | 436 | 348 | 0.2% |
| China | 96.3 | 80.6 | 94.4 | 91.7 | -1.6% |
| Morocco | 59.7 | 51.9 | 78.5 | 76.1 | 8.4% |
| Portugal | 44.0 | 43.0 | 67.7 | 63.4 | 12.9% |
| Venezuela | 39.2 | 32.9 | 38.4 | 34.3 | -4.4% |
| Senegal | 26.2 | 22.4 | 33.4 | 29.5 | 4.0% |
| Peru | 30.3 | 20.2 | 27.9 | 28.9 | -1.6% |
| Nicaragua | 46.1 | 38.7 | 26.6 | 26.2 | -17.2% |
| Belgium | 19.6 | 26.0 | 24.8 | 24.0 | 7.0% |
| Netherlands | 18.4 | 13.9 | 17.7 | 15.3 | -6.0% |
| Others | 223 | 181 | 203 | 207 | -2.5% |
| Total | 1,177 | 1,044 | 1,378 | 1,319 | 3.9% |
Top Suppliers of Shrimp to Spain in 2022:
- Ecuador (57.4K tons)
- Argentina (43.1K tons)
- China (10.0K tons)
- Portugal (6.1K tons)
- Venezuela (6.1K tons)
- Nicaragua (4.2K tons)
- Peru (4.1K tons)
- Morocco (3.7K tons)
- Belgium (3.4K tons)
- Senegal (3.1K tons)
- Netherlands (2.5K tons)
Shrimp Exports in Spain
In 2022, the amount of shrimps exported from Spain fell remarkably to 44K tons, dropping by -16.4% on 2021 figures. Over the period under review, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of 26%. As a result, the exports attained the peak of 53K tons, and then fell markedly in the following year.
In value terms, shrimp exports shrank to $444M in 2022. The total export value increased at an average annual rate of +5.1% over the period from 2019 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 with an increase of 42%. As a result, the exports reached the peak of $512M, and then reduced in the following year.
| Export of Shrimp in Spain (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Portugal | 123 | 108 | 154 | 141 | 4.7% |
| Italy | 117 | 125 | 187 | 136 | 5.1% |
| France | 58.1 | 52.7 | 68.1 | 53.9 | -2.5% |
| Germany | 16.9 | 18.2 | 23.9 | 32.8 | 24.7% |
| Netherlands | 7.9 | 6.9 | 9.7 | 9.0 | 4.4% |
| Greece | 8.6 | 4.4 | 8.0 | 6.3 | -9.9% |
| Others | 51.5 | 47.1 | 61.7 | 64.0 | 7.5% |
| Total | 382 | 362 | 512 | 444 | 5.1% |
Top Export Markets for Shrimp from Spain in 2022:
- Portugal (16.1K tons)
- Italy (12.0K tons)
- France (5.6K tons)
- Germany (3.3K tons)
- Netherlands (0.8K tons)
- Greece (0.6K tons)
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