Shrimp Price in Sweden - 2023
Contents:
- Shrimp Price in Sweden (CIF) - 2023
- Shrimp Price in Sweden (FOB) - 2023
- Shrimp Imports in Sweden
- Shrimp Exports in Sweden
Shrimp Price in Sweden (CIF) - 2023
In May 2023, the average shrimp import price amounted to $9,975 per ton, picking up by 6.3% against the previous month. Overall, the import price continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in March 2023 when the average import price increased by 12% against the previous month. As a result, import price attained the peak level of $10,306 per ton. From April 2023 to May 2023, the average import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Estonia ($23,366 per ton), while the price for Poland ($4,246 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 Estonia (+4.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Price in Sweden (FOB) - 2023
In May 2023, the average shrimp export price amounted to $10,599 per ton, dropping by -2.1% against the previous month. Over the last twelve-month period, it increased at an average monthly rate of +1.4%. The most prominent rate of growth was recorded in April 2023 when the average export price increased by 24% m-o-m. The export price peaked at $11,251 per ton in January 2023; however, from February 2023 to May 2023, the export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was Norway ($15,735 per ton), while the average price for exports to Albania ($4,291 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 Denmark (+6.8%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Imports in Sweden
In 2022, shrimp imports into Sweden contracted to 27K tons, dropping by -12.8% compared with 2021 figures. Over the period under review, imports showed a pronounced shrinkage. The pace of growth was the most pronounced in 2021 when imports increased by 20%. As a result, imports attained the peak of 31K tons, and then declined in the following year.
In value terms, shrimp imports reduced to $264M in 2022. In general, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 with an increase of 20% against the previous year. As a result, imports reached the peak of $282M, and then shrank in the following year.
| Import of Shrimp in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Denmark | 113 | 82.9 | 108 | 93.0 | -6.3% |
| Norway | 61.1 | 60.1 | 54.0 | 48.8 | -7.2% |
| Albania | 22.7 | 19.2 | 27.7 | 34.9 | 15.4% |
| Vietnam | 9.5 | 9.3 | 12.6 | 20.3 | 28.8% |
| Bulgaria | 23.4 | 23.1 | 23.4 | 16.6 | -10.8% |
| Germany | 3.4 | 2.8 | 11.1 | 14.0 | 60.3% |
| Morocco | 6.9 | 8.6 | 12.7 | 9.0 | 9.3% |
| Estonia | 11.6 | 12.2 | 12.1 | 8.0 | -11.6% |
| Netherlands | 4.0 | 4.6 | 5.2 | 5.3 | 9.8% |
| Poland | 2.7 | 1.9 | 1.8 | 2.1 | -8.0% |
| Others | 12.2 | 9.6 | 12.7 | 12.0 | -0.5% |
| Total | 270 | 234 | 282 | 264 | -0.7% |
Top Suppliers of Shrimp to Sweden in 2022:
- Denmark (11.9K tons)
- Norway (4.8K tons)
- Germany (2.1K tons)
- Albania (2.1K tons)
- Vietnam (1.6K tons)
- Bulgaria (0.9K tons)
- Poland (0.6K tons)
- Morocco (0.6K tons)
- Netherlands (0.5K tons)
- Estonia (0.5K tons)
Shrimp Exports in Sweden
In 2022, shipments abroad of shrimps decreased by -9.3% to 3.1K tons, falling for the second year in a row after two years of growth. Over the period under review, exports saw a abrupt downturn. The pace of growth appeared the most rapid in 2020 when exports increased by 4.4%. As a result, the exports reached the peak of 3.8K tons. From 2021 to 2022, the growth of the exports remained at a somewhat lower figure.
In value terms, shrimp exports contracted slightly to $31M in 2022. In general, exports saw a deep slump.
| Export of Shrimp in Sweden (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Finland | 5.5 | 5.9 | 6.5 | 6.3 | 4.6% |
| Norway | 6.2 | 4.2 | 4.4 | 5.3 | -5.1% |
| Netherlands | 6.6 | 10.0 | 3.8 | 3.8 | -16.8% |
| Denmark | 6.3 | 3.1 | 3.0 | 3.4 | -18.6% |
| France | 2.6 | 4.1 | 3.7 | 3.0 | 4.9% |
| Italy | 2.0 | 2.1 | 3.4 | 1.5 | -9.1% |
| Estonia | 2.9 | 1.8 | 1.2 | 1.5 | -19.7% |
| Lithuania | 0.6 | 0.7 | 1.0 | 1.3 | 29.4% |
| Germany | 1.2 | 0.8 | 1.1 | 0.9 | -9.1% |
| Poland | 0.1 | 0.1 | 0.5 | 0.7 | 91.3% |
| Latvia | 1.0 | 0.8 | 0.8 | 0.7 | -11.2% |
| Spain | 0.4 | 0.5 | 1.0 | 0.6 | 14.5% |
| Albania | N/A | 0.1 | 0.2 | 0.5 | 123.6% |
| Others | 3.0 | 1.4 | 1.4 | 1.3 | -24.3% |
| Total | 38.4 | 35.5 | 32.1 | 30.9 | -7.0% |
Top Export Markets for Shrimp from Sweden in 2022:
- Finland (555.4 tons)
- Netherlands (461.1 tons)
- Denmark (417.5 tons)
- Norway (370.0 tons)
- France (336.1 tons)
- Estonia (139.3 tons)
- Italy (136.3 tons)
- Lithuania (132.8 tons)
- Albania (120.2 tons)
- Germany (89.4 tons)
- Latvia (76.7 tons)
- Poland (74.9 tons)
- Spain (57.2 tons)
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