Overview of the Global Market for Prepared Or Preserved Crab Meat

Market Size for Prepared Or Preserved Crab Meat

The global market for prepared or preserved crab meat shrank slightly to $X in 2023, approximately mirroring the previous year. In general, consumption saw a relatively flat trend pattern. Over the period under review, the global market reached the maximum level at $X in 2018; however, from 2019 to 2023, consumption failed to regain momentum.

Production of Prepared Or Preserved Crab Meat

In value terms, prepared or preserved crab meat production rose markedly to $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 in certain years. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2022 to 2023, global production growth remained at a lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports

In 2023, the amount of prepared or preserved crab meat exported worldwide was estimated at X tons, approximately mirroring 2022 figures. Over the period under review, exports, however, showed a pronounced contraction. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the global exports remained at a somewhat lower figure.

In value terms, prepared or preserved crab meat exports declined to $X in 2023. In general, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 when exports increased by X%. The global exports peaked at $X in 2018; however, from 2019 to 2023, the exports failed to regain momentum.

Exports by Country

China (X tons) and Indonesia (X tons) were the major exporters of prepared or preserved crab meat in 2023, recording approx. X% and X% of total exports, respectively. Vietnam (X tons) ranks next in terms of the total exports with an X% share, followed by South Korea (X%), Venezuela (X%) and Russia (X%). The following exporters - the Philippines (X tons), India (X tons), the United States (X tons), Canada (X tons), Thailand (X tons) and Belgium (X tons) - together made up X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Russia (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, the largest prepared or preserved crab meat supplying countries worldwide were Indonesia ($X), China ($X) and Vietnam ($X), with a combined X% share of global exports. Venezuela, the Philippines, India, South Korea, Russia, Canada, Thailand, Belgium and the United States lagged somewhat behind, together comprising a further X%.

Russia, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the average export price for prepared or preserved crab meat amounted to $X per ton, with a decrease of X% against the previous year. In general, export price indicated a noticeable expansion from 2012 to 2023: its price 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, prepared or preserved crab meat export price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2017 when the average export price increased by X%. The global export price peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices stood at a somewhat lower figure.

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

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

Imports of Prepared Or Preserved Crab Meat

Imports

In 2023, overseas purchases of prepared or preserved crab meat decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports showed a pronounced decline. The pace of growth appeared the most rapid in 2021 when imports increased by X% against the previous year. Global imports peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, prepared or preserved crab meat imports dropped rapidly to $X in 2023. In general, imports recorded a mild curtailment. The most prominent rate of growth was recorded in 2021 with an increase of X%. Global imports peaked at $X in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The United States represented the major importer of prepared or preserved crab meat in the world, with the volume of imports finishing at X tons, which was near X% of total imports in 2023. Japan (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Malaysia (X%) and France (X%). The following importers - Hong Kong SAR (X tons), the Philippines (X tons) and Indonesia (X tons) - each amounted to a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to prepared or preserved crab meat imports into the United States stood at X%. At the same time, Indonesia (X%), Malaysia (X%) and the Philippines (X%) displayed positive paces of growth. Moreover, Indonesia emerged as the fastest-growing importer imported in the world, with a CAGR of X% from 2012-2023. By contrast, France (X%), Japan (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. The United States (X p.p.), Malaysia (X p.p.), the Philippines (X p.p.) and Indonesia (X p.p.) significantly strengthened its position in terms of the global imports, while Japan and Hong Kong SAR saw its share reduced by X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported prepared or preserved crab meat worldwide, comprising X% of global imports. The second position in the ranking was held by Japan ($X), with a X% share of global imports. It was followed by France, with a X% share.

In the United States, prepared or preserved crab meat imports remained relatively stable over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Japan (X% per year) and France (X% per year).

Import Prices by Country

In 2023, the average import price for prepared or preserved crab meat amounted to $X per ton, shrinking by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the average import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform