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World - Crabs And Crabs Meat - Market Analysis, Forecast, Size, Trends And Insights
Update: COVID-19 Impact

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Article Publishing Date: Apr 6, 2021

The Frozen Crab and Crab Meat Market Survives Pandemic Losses, With E-Commerce Promising a Recovery

IndexBox has just published a new report: 'World - Crabs And Crabs Meat - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.

Key Trends and Insights

Global imports of crab meat (including frozen) fell by 14.7% in the first half of 2020 against the same period of 2019 (IndexBox estimates), illustrating a decrease in demand during the pandemic. The growth in e-commerce in the retail sector, combined with home delivery, helped to partly offset the slump in HoReCa. 

The USA remains a key importing market. In 2020, crab imports (live and frozen) to the country fell marginally by -1.4% against previous year indices to 76 thousand tonnes, buoyed by a sharp increase in supplies from Canada. 

In 2020, Russia, a major global exporter, supplied crabs and crab meat abroad for approx. 70 thousand tonnes, which was 12% less than in 2019. The Republic of Korea remains a key export destination for Russian crab products, absorbing over 60% (in physical terms) of Russian frozen crab exports. 

In the future term to 2030, the global crab meat market is projected to expand to 483 thousand tonnes (IndexBox estimates). Key market drivers include a rising population and higher levels of income, rapid urbanization, and increasing demand from retail consumers. The product's extensive storage life, should Covid restrictions and the ensuing disruption to delivery times return, also remains a key factor. 

China to Remain the Largest Consumer of Crabs while Russia to Dominate the Export Market 

The country with the largest volume of crab and crab meat consumption was China (1.8M tonnes), accounting for 61% of the total volume. Moreover, crab and crab meat consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia (255K tonnes), sevenfold. The third position in this ranking was occupied by the U.S. (176K tonnes), with a 6% share (IndexBox estimates).

In China, crab and crab meat consumption increased at an average annual rate of +1.5% over the period from 2012-2019. In the other countries, the average annual rates were as follows: Indonesia (+19.5% per year) and the U.S. (-1.3% per year).

In value terms, China ($15.4B) led the market, alone. The second position in the ranking was occupied by the U.S. ($2.1B). It was followed by Indonesia.

The countries with the highest levels of crab and crab meat per capita consumption in 2019 were South Korea (1,904 kg per 1000 persons), China (1,230 kg per 1000 persons) and Indonesia (943 kg per 1000 persons).

In 2019, Russia (82K tonnes) and Canada (63K tonnes) represented the key exporters of crabs and crab meat around the world, together resulting at approx. 39% of total exports. China (40K tonnes) occupied the next position in the ranking, followed by the UK (20K tonnes) and Indonesia (18K tonnes). All these countries together occupied near 21% share of total exports. The U.S. (17K tonnes), Myanmar (16K tonnes), Bangladesh (13K tonnes), India (11K tonnes), Ireland (9.9K tonnes), Bahrain (9.4K tonnes), Norway (7.7K tonnes) and Pakistan (7.1K tonnes) followed a long way behind the leaders.

From 2012 to 2019, the biggest increases were in Norway, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Russia ($1.5B), Canada ($1.1B) and China ($337M) were the countries with the highest levels of exports in 2019, with a combined 65% share of global exports.

The average crab and crab meat export price stood at $12,003 per tonne in 2019, growing by 2.5% against the previous year. Over the last seven years, it increased at an average annual rate of +4.7%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 12% y-o-y. The global export price peaked in 2019 and is expected to retain growth in years to come.

Source: IndexBox Platform

Product coverage:

This report provides an in-depth analysis of the global market for crab and crab meat. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2025.



Data coverage:
• Global market volume and value
• Per Capita consumption
• Forecast of the market dynamics in the medium term
• Global production, split by region and country
• Global trade (exports and imports)
• Export and import prices
• Market trends, drivers and restraints
• Key market players and their profiles

Reasons to buy this report:
• Take advantage of the latest data
• Find deeper insights into current market developments
• Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:
1. How to diversify your business and benefit from new market opportunities
2. How to load your idle production capacity
3. How to boost your sales on overseas markets
4. How to increase your profit margins
5. How to make your supply chain more sustainable
6. How to reduce your production and supply chain costs
7. How to outsource production to other countries
8. How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business

1.1
REPORT DESCRIPTION
1.2
RESEARCH METHODOLOGY AND AI PLATFORM
1.3
DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
1.4
GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance

2.1
KEY FINDINGS
2.2
MARKET TRENDS
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects

3.1
MARKET SIZE
3.2
CONSUMPTION BY COUNTRY
3.3
MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCTS

Finding New Products to Diversify Your Business

4.1
TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
4.2
BEST-SELLING PRODUCTS
4.3
MOST CONSUMED PRODUCT
4.4
MOST TRADED PRODUCT
4.5
MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain

5.1
TOP COUNTRIES TO SOURCE YOUR PRODUCT
5.2
TOP PRODUCING COUNTRIES
5.3
TOP EXPORTING COUNTRIES
5.4
LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports

6.1
TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
6.2
TOP CONSUMING MARKETS
6.3
UNSATURATED MARKETS
6.4
TOP IMPORTING MARKETS
6.5
MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION

The Latest Trends and Insights into The Industry

7.1
PRODUCTION VOLUME AND VALUE
7.2
PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS

The Largest Importers on The Market and How They Succeed

8.1
IMPORTS FROM 2007–2020
8.2
IMPORTS BY COUNTRY
8.3
IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS

The Largest Exporters on The Market and How They Succeed

9.1
EXPORTS FROM 2007–2020
9.2
EXPORTS BY COUNTRY
9.3
EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles

11. COUNTRY PROFILES

The Largest Markets And Their Profiles

United States
China
Japan
Germany
United Kingdom
France
Brazil
Italy
Russian Federation
India
Canada
Australia
Republic of Korea
Spain
Mexico
Indonesia
Netherlands
Turkey
Saudi Arabia
Switzerland
Sweden
Nigeria
Poland
Belgium
Argentina
Norway
Austria
Thailand
United Arab Emirates
Colombia
Denmark
South Africa
Malaysia
Israel
Singapore
Egypt
Philippines
Finland
Chile
Ireland
Pakistan
Greece
Portugal
Kazakhstan
Algeria
Czech Republic
Qatar
Peru
Romania
Vietnam
LIST OF TABLES
Table 1:
Key Findings In 2020
Table 2:
Market Volume, In Physical Terms, 2007–2020
Table 3:
Market Value, 2007–2020
Table 4:
Per Capita Consumption, By Country, 2018–2020
Table 5:
Production, In Physical Terms, By Country, 2007–2020
Table 6:
Imports, In Physical Terms, By Country, 2007–2020
Table 7:
Imports, In Value Terms, By Country, 2007–2020
Table 8:
Import Prices, By Country Of Destination, 2007–2020
Table 9:
Exports, In Physical Terms, By Country, 2007–2020
Table 10:
Exports, In Value Terms, By Country, 2007–2020
Table 11:
Export Prices, By Country Of Origin, 2007–2020
LIST OF FIGURES
Figure 1:
Market Volume, In Physical Terms, 2007–2020
Figure 2:
Market Value, 2007–2020
Figure 3:
Consumption, By Country, 2020
Figure 4:
Market Forecast To 2025
Figure 5:
Products: Market Size And Growth, By Type
Figure 6:
Products: Average Per Capita Consumption, By Type
Figure 7:
Products: Exports And Growth, By Type
Figure 8:
Products: Export Prices And Growth, By Type
Figure 9:
Production Volume And Growth
Figure 10:
Exports And Growth
Figure 11:
Export Prices And Growth
Figure 12:
Market Size And Growth
Figure 13:
Per Capita Consumption
Figure 14:
Imports And Growth
Figure 15:
Import Prices
Figure 16:
Production, In Physical Terms, 2007–2020
Figure 17:
Production, In Value Terms, 2007–2020
Figure 18:
Production, By Country, 2020
Figure 19:
Production, In Physical Terms, By Country, 2007–2020
Figure 20:
Imports, In Physical Terms, 2007–2020
Figure 21:
Imports, In Value Terms, 2007–2020
Figure 22:
Imports, In Physical Terms, By Country, 2020
Figure 23:
Imports, In Physical Terms, By Country, 2007–2020
Figure 24:
Imports, In Value Terms, By Country, 2007–2020
Figure 25:
Import Prices, By Country, 2007–2020
Figure 26:
Exports, In Physical Terms, 2007–2020
Figure 27:
Exports, In Value Terms, 2007–2020
Figure 28:
Exports, In Physical Terms, By Country, 2020
Figure 29:
Exports, In Physical Terms, By Country, 2007–2020
Figure 30:
Exports, In Value Terms, By Country, 2007–2020
Figure 31:
Export Prices, 2007–2020
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