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

Contents:

1. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Luxembourg (CIF) - 2023
2. Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Luxembourg (FOB) - 2022
3. Imports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Luxembourg
4. Exports of Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Luxembourg

Price for Crustacean Preparations; Shrimps and Prawns, Prepared or Preserved, in Airtight Containers in Luxembourg (CIF) - 2023

In August 2023, the average import price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses amounted to $14,225 per ton, with an increase of 2.8% against the previous month. Over the last nine months, it increased at an average monthly rate of +2.1%. The most prominent rate of growth was recorded in April 2023 an increase of 14% month-to-month. The import price peaked in August 2023.

There were significant differences in the average prices amongst the major supplying countries. In August 2023, the country with the highest price was Germany ($23,418 per ton), while the price for Portugal ($4,711 per ton) was amongst the lowest.

From November 2022 to August 2023, the most notable rate of growth in terms of prices was attained by France (+3.1%), 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 Luxembourg (FOB) - 2022

The average export price for crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses stood at $13,592 per ton in 2022, waning by -42.4% against the previous year. Over the period under review, the export price showed a abrupt descent. The pace of growth appeared the most rapid in 2013 an increase of 53%. As a result, the export price reached the peak level of $36,375 per ton. From 2014 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Germany ($16,358 per ton), while the average price for exports to Belgium ($13,348 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 France (-2.5%), while the prices for the other major destinations experienced a decline.

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

Imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses into Luxembourg fell slightly to 92 tons in 2022, waning by -2.9% on 2021 figures. Over the period under review, imports continue to indicate a noticeable downturn. The pace of growth was the most pronounced in 2021 with an increase of 7.1% against the previous year.

In value terms, imports of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses fell to $1.1M in 2022. In general, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2021 with an increase of 8.2% against the previous year. As a result, imports reached the peak of $1.3M, and then declined in the following year.

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

1. Belgium (60.5 tons)
2. Netherlands (13.4 tons)
3. France (6.5 tons)
4. Germany (6.2 tons)
5. Portugal (5.4 tons)

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

For the fourth consecutive year, Luxembourg recorded growth in shipments abroad of crustacean preparations; shrimps and prawns, prepared or preserved, in airtight containerses, which increased by 104% to 21 tons in 2022. Overall, exports showed 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; shrimps and prawns, prepared or preserved, in airtight containerses soared to $288K in 2022. Over the period under review, total exports indicated a remarkable increase from 2019 to 2022: its value increased at an average annual rate of +19.4% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +70.2% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 26%. The exports peaked in 2022 and are expected to retain growth in the near future.

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

1. Belgium (17.6 tons)
2. France (2.7 tons)
3. Germany (0.9 tons)

Source: IndexBox Market Intelligence Platform