Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ghana - 2023

Contents:

  1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ghana (CIF) - 2022
  2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ghana (FOB) - 2022
  3. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ghana
  4. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ghana

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ghana (CIF) - 2022

In 2022, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $3,263 per ton, rising by 5.2% against the previous year. Overall, the import price posted a mild increase. The pace of growth appeared the most rapid in 2014 an increase of 113% against the previous year. The import price peaked at $6,582 per ton in 2019; however, from 2020 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($7,699 per ton), while the price for China ($361 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was attained by Germany (+39.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ghana (FOB) - 2022

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $4,525 per ton in 2022, with a decrease of -8.4% against the previous year. Overall, the export price, however, posted a significant increase. The most prominent rate of growth was recorded in 2017 an increase of 288%. As a result, the export price reached the peak level of $6,990 per ton. From 2018 to 2022, the average 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 United States ($5,398 per ton), while the average price for exports to Canada ($265 per ton) was amongst the lowest.

From 2013 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Nigeria (+43.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ghana

After two years of decline, purchases abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -69% to 19 tons in 2022. Over the period under review, imports continue to indicate a abrupt descent.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses declined remarkably to $62K in 2022. In general, imports faced a dramatic decline.

Import of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
NorwayN/AN/A56.849.2-13.4%
BelgiumN/AN/AN/A3.60%
South Korea0.4N/A1.02.276.5%
Denmark0.9N/AN/A2.132.6%
IndiaN/AN/A59.51.4-97.6%
China0.6N/A5.31.432.6%
NigeriaN/AN/A40.90.8-98.0%
ThailandN/AN/A21.6N/A0%
Vietnam122N/A0.5N/A-93.6%
Others30.1N/A4.11.2-65.8%
Total154N/A19061.9-26.2%

Top Suppliers of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers to Ghana in 2022:

  1. Norway (10.1 tons)
  2. China (3.9 tons)
  3. South Korea (2.5 tons)
  4. India (0.8 tons)
  5. Belgium (0.5 tons)
  6. Nigeria (0.5 tons)
  7. Denmark (0.4 tons)

Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ghana

After two years of decline, shipments abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses decreased by -43.9% to 4.7 tons in 2022. Over the period under review, exports saw a sharp curtailment.

In value terms, exports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses fell significantly to $21K in 2022. In general, exports recorded a precipitous shrinkage.

Export of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Ghana (Thousand USD)
COUNTRY2019202020212022CAGR,
2019-2022
United States50.4N/A40.020.8-25.5%
Canada2.7N/A0.70.1-66.7%
United KingdomN/AN/A0.10.10.0%
Sierra Leone25.9N/AN/AN/A0%
Others0.7N/A0.30.1-47.7%
Total79.6N/A41.121.1-35.8%

Top Export Markets for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers from Ghana in 2022:

  1. United States (3.9 tons)
  2. Canada (0.5 tons)
  3. United Kingdom (0.3 tons)

Source: IndexBox Market Intelligence Platform

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