Asia: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in Asia

The Asian crab and crab meat market reached $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Crabs and Crab Meat in Asia

In value terms, crab and crab meat production reached $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2014 when the production volume increased by X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Exports of Crabs and Crab Meat

Exports in Asia

In 2023, approx. X tons of crabs and crab meat were exported in Asia; picking up by X% on 2022 figures. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, crab and crab meat exports contracted to $X in 2023. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, China (X tons), distantly followed by Pakistan (X tons), Myanmar (X tons), Indonesia (X tons), Bahrain (X tons), Vietnam (X tons) and Malaysia (X tons) were the largest exporters of crabs and crab meat, together committing X% of total exports. Bangladesh (X tons), India (X tons), South Korea (X tons), the Philippines (X tons) and Thailand (X tons) took a minor share of total exports.

From 2012 to 2023, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest crab and crab meat supplier in Asia, comprising X% of total exports. The second position in the ranking was taken by Indonesia ($X), with a X% share of total exports. It was followed by Myanmar, with a X% share.

In China, crab and crab meat exports plunged by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Indonesia (X% per year) and Myanmar (X% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2023, declining by X% against the previous year. Over the period under review, the export price saw a slight shrinkage. The growth pace was the most rapid in 2014 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the other leaders experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports in Asia

In 2023, supplies from abroad of crabs and crab meat increased by X% to X tons, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2017 with an increase of X%. Over the period under review, imports reached the maximum in 2023 and are expected to retain growth in the immediate term.

In value terms, crab and crab meat imports expanded to $X in 2023. Total imports indicated resilient growth from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. The level of import peaked in 2023 and is expected to retain growth in years to come.

Imports by Country

China was the major importer of crabs and crab meat in Asia, with the volume of imports finishing at X tons, which was approx. X% of total imports in 2023. It was distantly followed by South Korea (X tons), Japan (X tons) and Thailand (X tons), together making up a X% share of total imports. Indonesia (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to crab and crab meat imports into China stood at X%. At the same time, Thailand (X%), Indonesia (X%) and South Korea (X%) displayed positive paces of growth. Moreover, Thailand emerged as the fastest-growing importer imported in Asia, with a CAGR of X% from 2012-2023. Vietnam experienced a relatively flat trend pattern. By contrast, Taiwan (Chinese) (X%) and Japan (X%) illustrated a downward trend over the same period. While the share of China (X p.p.), Thailand (X p.p.) and South Korea (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Taiwan (Chinese) (X p.p.) and Japan (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) constitutes the largest market for imported crabs and crab meat in Asia, comprising X% of total imports. The second position in the ranking was taken by South Korea ($X), with an X% share of total imports. It was followed by Japan, with a X% share.

In China, crab and crab meat imports increased at an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the import price in Asia amounted to $X per ton, waning by X% against the previous year. Import price indicated a pronounced expansion from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, crab and crab meat import price decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 an increase of X%. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was China ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform