Price for Crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster) in the United Kingdom - 2023

Contents:

1. Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the UK (CIF) - 2023
2. Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the UK (FOB) - 2023
3. Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the UK
4. Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the UK

Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the UK (CIF) - 2023

In December 2023, the average import price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $11,972 per ton, rising by 8.4% against the previous month. Over the period from December 2022 to December 2023, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in January 2023 an increase of 40% month-to-month. Over the period under review, average import prices reached the maximum at $13,532 per ton in April 2023; however, from May 2023 to December 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by the country of origin: the country with the highest price was China ($16,849 per ton), while the price for Germany amounted to $4,998 per ton.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was attained by Germany (+1.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the UK (FOB) - 2023

In December 2023, the average export price for crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s amounted to $11,015 per ton, jumping by 292% against the previous month. Overall, the export price, however, showed a noticeable contraction. The export price peaked at $25,337 per ton in August 2023; however, from September 2023 to December 2023, the export prices remained at a lower figure.

Average prices varied somewhat for the major export markets. In December 2023, the country with the highest price was Iceland ($15,511 per ton), while the average price for exports to France ($10,348 per ton) was amongst the lowest.

From December 2022 to December 2023, the most notable rate of growth in terms of prices was recorded for supplies to France (+1.0%), while the prices for the other major destinations experienced mixed trend patterns.

Imports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the UK

In 2022, after two years of decline, there was significant growth in supplies from abroad of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s, when their volume increased by 109% to 591 tons. In general, imports enjoyed a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s surged to $7.4M in 2022. Over the period under review, imports posted a buoyant increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) to the UK in 2022:

1. China (363.6 tons)
2. Peru (64.3 tons)
3. Germany (46.6 tons)
4. Denmark (45.5 tons)
5. Spain (35.6 tons)
6. Chile (13.4 tons)
7. Greenland (10.1 tons)
8. Netherlands (1.8 tons)

Exports of Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) in the UK

In 2022, approx. 257 tons of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s were exported from the UK; picking up by 369% compared with the previous year's figure. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, exports of crustacean preparations; prepared or preserved crustaceans (excluding crab, shrimps, prawns and lobster)s skyrocketed to $2.4M in 2022. In general, exports continue to indicate a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Top Export Markets for Crustacean Preparations; Prepared or Preserved Crustaceans (Excluding Crab, Shrimps, Prawns and Lobster) from the UK in 2022:

1. Australia (131.2 tons)
2. Ireland (68.5 tons)
3. France (41.7 tons)
4. Cyprus (3.4 tons)

Source: IndexBox Market Intelligence Platform