Shrimp Price in the United Arab Emirates - 2021
Contents:
- Shrimp Price in the United Arab Emirates (CIF) - 2022
- Shrimp Price in the United Arab Emirates (FOB) - 2022
- Shrimp Imports in the United Arab Emirates
- Shrimp Exports in the United Arab Emirates
Shrimp Price in the United Arab Emirates (CIF) - 2022
In 2022, the average shrimp import price amounted to $6,772 per ton, remaining relatively unchanged against the previous year. Over the period under review, the import price, however, showed a slight reduction. The growth pace was the most rapid in 2014 when the average import price increased by 16% against the previous year. As a result, import price attained the peak level of $8,747 per ton. From 2015 to 2022, the average import prices failed to regain momentum.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was China ($12,237 per ton), while the price for Oman ($782 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+4.2%), while the prices for the other major suppliers experienced more modest paces of growth.
Shrimp Price in the United Arab Emirates (FOB) - 2022
The average shrimp export price stood at $8,404 per ton in 2022, remaining relatively unchanged against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, shrimp export price decreased by -3.9% against 2019 indices. The pace of growth was the most pronounced in 2019 an increase of 50% against the previous year. As a result, the export price reached the peak level of $8,748 per ton. From 2020 to 2022, the average export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Egypt ($9,056 per ton), while the average price for exports to Morocco ($4,019 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Saudi Arabia (+8.2%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Imports in the United Arab Emirates
In 2022, imports of shrimps into the United Arab Emirates stood at 38K tons, increasing by 4.8% on 2021 figures. The total import volume increased at an average annual rate of +2.1% from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, shrimp imports stood at $260M in 2022. The total import value increased at an average annual rate of +1.8% over the period from 2019 to 2022; the trend pattern remained relatively stable, with only minor fluctuations in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Shrimp in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 176 | 156 | 145 | 153 | -4.6% |
| Ecuador | 1.1 | 18.0 | 39.4 | 38.6 | 227.4% |
| China | 19.8 | 26.1 | 17.0 | 20.1 | 0.5% |
| Pakistan | 18.1 | 23.2 | 16.8 | 18.6 | 0.9% |
| Vietnam | 18.2 | 19.3 | 17.1 | 17.5 | -1.3% |
| Oman | 0.5 | 0.3 | 0.5 | 0.5 | 0.0% |
| Others | 12.6 | 7.4 | 10.6 | 12.1 | -1.3% |
| Total | 246 | 250 | 246 | 260 | 1.9% |
Top Suppliers of Shrimp to the United Arab Emirates in 2022:
- India (23.1K tons)
- Ecuador (6.7K tons)
- Pakistan (2.8K tons)
- Vietnam (1.9K tons)
- China (1.6K tons)
- Oman (0.6K tons)
Shrimp Exports in the United Arab Emirates
In 2022, exports of shrimps from the United Arab Emirates soared to 24K tons, rising by 36% on 2021. Overall, exports, however, recorded a noticeable downturn.
In value terms, shrimp exports skyrocketed to $200M in 2022. Over the period under review, exports, however, continue to indicate a noticeable decline.
| Export of Shrimp in the United Arab Emirates (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Egypt | 149 | 130 | 97.5 | 125 | -5.7% |
| Saudi Arabia | 49.0 | 57.5 | 18.9 | 41.2 | -5.6% |
| Kuwait | 11.3 | 12.5 | 12.1 | 13.1 | 5.1% |
| Oman | 8.1 | 9.1 | 7.1 | 8.1 | 0.0% |
| Jordan | 4.4 | 5.7 | 6.6 | 7.2 | 17.8% |
| Others | 7.1 | 6.0 | 6.4 | 5.6 | -7.6% |
| Total | 229 | 221 | 149 | 200 | -4.4% |
Top Export Markets for Shrimp from the United Arab Emirates in 2022:
- Egypt (13.8K tons)
- Saudi Arabia (5.1K tons)
- Kuwait (1.7K tons)
- Oman (1.4K tons)
- Jordan (0.8K tons)
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