Price for Crustacean Preparations; Lobster, Prepared or Preserved in Spain - 2023

Contents:

1. Price for Crustacean Preparations; Lobster, Prepared or Preserved in Spain (CIF) - 2022
2. Price for Crustacean Preparations; Lobster, Prepared or Preserved in Spain (FOB) - 2022
3. Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Spain
4. Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Spain

Price for Crustacean Preparations; Lobster, Prepared or Preserved in Spain (CIF) - 2022

In 2022, the average import price for crustacean preparations; lobster, prepared or preserveds amounted to $6,326 per ton, with a decrease of -19.4% against the previous year. Over the period under review, the import price recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 48% against the previous year. As a result, import price reached the peak level of $13,500 per ton. From 2021 to 2022, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Italy ($13,061 per ton), while the price for the Netherlands ($5,617 per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+25.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Crustacean Preparations; Lobster, Prepared or Preserved in Spain (FOB) - 2022

In 2022, the average export price for crustacean preparations; lobster, prepared or preserveds amounted to $7,371 per ton, which is down by -17.3% against the previous year. Overall, the export price saw a noticeable contraction. The pace of growth appeared the most rapid in 2016 when the average export price increased by 40% against the previous year. Over the period under review, the average export prices attained the peak figure at $11,645 per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($16,556 per ton), while the average price for exports to the Netherlands ($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 Portugal (+4.8%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Crustacean Preparations; Lobster, Prepared or Preserved in Spain

In 2022, approx. 35 tons of crustacean preparations; lobster, prepared or preserveds were imported into Spain; waning by -23.9% on the previous year's figure. Overall, imports, however, showed moderate growth. The pace of growth was the most pronounced in 2021 with an increase of 176%. As a result, imports reached the peak of 47 tons, and then shrank rapidly in the following year.

In value terms, imports of crustacean preparations; lobster, prepared or preserveds shrank remarkably to $224K in 2022. In general, imports recorded a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 61% against the previous year. As a result, imports reached the peak of $366K, and then dropped notably in the following year.

Top Suppliers of Crustacean Preparations; Lobster, Prepared or Preserved to Spain in 2022:

1. Netherlands (30.0 tons)
2. Italy (2.9 tons)
3. France (2.3 tons)
4. Germany (0.3 tons)

Exports of Crustacean Preparations; Lobster, Prepared or Preserved in Spain

In 2022, after three years of growth, there was significant decline in overseas shipments of crustacean preparations; lobster, prepared or preserveds, when their volume decreased by -10.9% to 21 tons. In general, total exports indicated buoyant growth from 2019 to 2022: its volume increased at an average annual rate of +15.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +52.1% against 2019 indices. The growth pace was the most rapid in 2021 when exports increased by 34%. As a result, the exports attained the peak of 24 tons, and then reduced in the following year.

In value terms, exports of crustacean preparations; lobster, prepared or preserveds reduced notably to $155K in 2022. Overall, total exports indicated a resilient increase from 2019 to 2022: its value increased at an average annual rate of +7.0% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when exports increased by 42% against the previous year.

Top Export Markets for Crustacean Preparations; Lobster, Prepared or Preserved from Spain in 2022:

1. Netherlands (5.9 tons)
2. France (5.8 tons)
3. United States (4.2 tons)
4. Poland (1.7 tons)
5. Italy (1.6 tons)
6. Austria (0.9 tons)
7. Lithuania (0.4 tons)

Source: IndexBox Market Intelligence Platform