Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Estonia - 2023

Contents:

1. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Estonia (CIF) - 2023
2. Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Estonia (FOB) - 2023
3. Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Estonia
4. Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Estonia

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Estonia (CIF) - 2023

The average import price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $7,538 per ton in October 2023, rising by 2.3% against the previous month. Over the period under review, the import price, however, recorded a noticeable reduction. The most prominent rate of growth was recorded in May 2023 an increase of 51% against the previous month. Over the period under review, average import prices hit record highs at $10,971 per ton in June 2023; however, from July 2023 to October 2023, import prices failed to regain momentum.

Prices varied noticeably by the country of origin: the country with the highest price was Vietnam ($11,171 per ton), while the price for Denmark ($4,631 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Albania (+2.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Price for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Estonia (FOB) - 2023

In October 2023, the average export price for crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds amounted to $16,197 per ton, increasing by 2.1% against the previous month. In general, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in June 2023 when the average export price increased by 18% against the previous month. The export price peaked at $18,281 per ton in July 2023; however, from August 2023 to October 2023, the export prices stood at a somewhat lower figure.

Prices varied noticeably by the country of destination: the country with the highest price was Norway ($20,984 per ton), while the average price for exports to Moldova ($3,462 per ton) was amongst the lowest.

From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Moldova (+2.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Estonia

In 2022, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds into Estonia skyrocketed to 2.2K tons, growing by 59% on the year before. Overall, imports recorded a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, imports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds expanded markedly to $20M in 2022. The total import value increased at an average annual rate of +10.4% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Top Suppliers of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved to Estonia in 2022:

1. Denmark (803.0 tons)
2. Albania (718.7 tons)
3. Lithuania (101.1 tons)
4. China (77.5 tons)
5. Latvia (74.6 tons)
6. Norway (72.4 tons)
7. Peru (71.5 tons)
8. Finland (67.9 tons)
9. Chile (66.7 tons)
10. Netherlands (41.1 tons)

Exports of Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved in Estonia

In 2022, the amount of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds exported from Estonia was estimated at 1.1K tons, surging by 4.6% compared with the previous year. The total export volume increased at an average annual rate of +2.3% from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 7% against the previous year. Over the period under review, the exports of attained the maximum in 2022 and are likely to see gradual growth in the immediate term.

In value terms, exports of crustaceans, molluscs and other aquatic invertebrates, prepared or preserveds stood at $17M in 2022. The total export value increased at an average annual rate of +5.5% from 2019 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Top Export Markets for Crustaceans, Molluscs and Other Aquatic Invertebrates, Prepared or Preserved from Estonia in 2022:

1. Sweden (733.7 tons)
2. Norway (116.8 tons)
3. Serbia (80.9 tons)
4. Finland (54.6 tons)
5. Latvia (48.8 tons)
6. Lithuania (33.2 tons)

Source: IndexBox Market Intelligence Platform