Shrimp Price in Turkey - 2023
Contents:
- Shrimp Price in Turkey (CIF) - 2023
- Shrimp Price in Turkey (FOB) - 2023
- Shrimp Imports in Turkey
- Shrimp Exports in Turkey
Shrimp Price in Turkey (CIF) - 2023
The average shrimp import price stood at $7,335 per ton in March 2023, flattening at the previous month. In general, the import price saw a pronounced downturn. The pace of growth was the most pronounced in August 2022 an increase of 22% month-to-month. As a result, import price reached the peak level of $10,092 per ton. From September 2022 to March 2023, the average import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($8,186 per ton), while the price for Iran ($5,255 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was attained by Venezuela (+0.1%), while the prices for the other major suppliers experienced mixed trend patterns.
Shrimp Price in Turkey (FOB) - 2023
In March 2023, the average shrimp export price amounted to $7,688 per ton, picking up by 13% against the previous month. In general, the export price, however, recorded a abrupt decline. The growth pace was the most rapid in June 2022 when the average export price increased by 106% m-o-m. As a result, the export price reached the peak level of $26,748 per ton. From July 2022 to March 2023, the the average export prices remained at a lower figure.
There were significant differences in the average prices for the major overseas markets. In March 2023, the country with the highest price was Spain ($10,672 per ton), while the average price for exports to Greece ($3,578 per ton) was amongst the lowest.
From March 2022 to March 2023, the most notable rate of growth in terms of prices was recorded for supplies to Iraq (+5.7%), while the prices for the other major destinations experienced more modest paces of growth.
Shrimp Imports in Turkey
Shrimp imports into Turkey contracted modestly to 2K tons in 2022, dropping by -3.7% against the year before. In general, imports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2021 with an increase of 70% against the previous year.
In value terms, shrimp imports amounted to $17M in 2022. Over the period under review, imports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 202%. Imports peaked in 2022 and are likely to see steady growth in the immediate term.
| Import of Shrimp in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| India | 4.7 | 2.4 | 0.9 | 7.6 | 17.4% |
| Vietnam | 1.8 | 0.9 | 1.4 | 3.9 | 29.4% |
| China | 1.2 | 0.3 | N/A | 1.4 | 5.3% |
| Iran | 0.1 | 0.1 | 0.4 | 1.2 | 128.9% |
| Norway | 0.3 | 0.2 | 0.2 | 0.7 | 32.6% |
| Indonesia | 0.2 | 0.2 | 0.1 | 0.6 | 44.2% |
| Bangladesh | 0.2 | 0.2 | 0.1 | 0.4 | 26.0% |
| Malaysia | N/A | 0.8 | 13.2 | N/A | 1550.0% |
| Others | 0.3 | 0.6 | 0.9 | 1.5 | 71.0% |
| Total | 8.7 | 5.7 | 17.3 | 17.3 | 25.8% |
Top Suppliers of Shrimp to Turkey in 2022:
- India (1175.4 tons)
- China (234.2 tons)
- Vietnam (213.3 tons)
- Iran (109.1 tons)
- Indonesia (76.8 tons)
- Bangladesh (38.0 tons)
- Norway (36.4 tons)
Shrimp Exports in Turkey
In 2022, the amount of shrimps exported from Turkey reached 1.4K tons, approximately reflecting the previous year. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2021 with an increase of 97%. Over the period under review, the exports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.
In value terms, shrimp exports stood at $12M in 2022. In general, exports enjoyed strong growth. The pace of growth appeared the most rapid in 2021 with an increase of 128%. The exports peaked in 2022 and are likely to see steady growth in the immediate term.
| Export of Shrimp in Turkey (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 1.7 | 1.5 | 5.9 | 5.8 | 50.5% |
| Spain | 3.5 | 2.4 | 3.6 | 3.5 | 0.0% |
| Greece | 0.2 | 0.4 | 0.8 | 0.8 | 58.7% |
| Iraq | 1.0 | 0.2 | 0.4 | 0.5 | -20.6% |
| Cyprus | 0.2 | 0.1 | 0.1 | 0.1 | -20.6% |
| Others | 1.5 | 0.6 | 1.2 | 1.3 | -4.7% |
| Total | 8.1 | 5.2 | 11.9 | 12.1 | 14.3% |
Top Export Markets for Shrimp from Turkey in 2022:
- Italy (557.6 tons)
- Spain (401.7 tons)
- Greece (204.9 tons)
- Iraq (58.3 tons)
- Cyprus (19.5 tons)
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