Frozen Crustaceans Market

Frozen crustaceans market: get access to recently published info enhanced by an Ai-driven BI tool. Information cover companies, production, trade, exports, imports, consumption, market size, and market prices. Here is a split by country, including Russia, EU, the Middle East, the U.K., China, Latin America, the U.S., and Africa. Market trends and forecast to 2030 are also featured in the snapshots.


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Frozen Crustaceans - World's Largest Markets

RatingCountry
1United States
2China
3Russia
4Iceland
5India

In value terms, the largest frozen crustaceans markets worldwide were the United States, China and Russia, with a combined 31% share of the global market.

Russia recorded the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while frozen crustaceans market for the other global leaders experienced more modest paces of growth.

Frozen Crustaceans Prices

Lowest Prices - FOB - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Ecuador639260215556-6.8%
Argentina708276756496-4.2%
China718582756831-2.5%
India747972327216-1.8%
Vietnam1009497998226-9.7%
Indonesia906585948632-2.4%
Netherlands1005384318951-5.6%
Thailand987210262102131.7%
Canada143491527513890-1.6%
Russia13580165561863017.1%
Average834882717697-4.0%

Prices varied noticeably by the country of origin; the country with the highest price was Russia ($18,630 per ton), while Ecuador ($5,556 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the other global leaders experienced mixed trends in the export price figures.

Highest Prices - CIF - Top Importers

COUNTRY201820192020CAGR,
2018-2020
USD per ton
Japan99519590102221.4%
United Kingdom10239101589851-1.9%
Netherlands900680308786-1.2%
United States10885109328680-10.7%
France894784568099-4.9%
Italy850279807240-7.7%
Spain782474156934-5.9%
South Korea742169336731-4.8%
China755064345821-12.2%
Russia636460325524-6.8%
Denmark4907557249210.1%
Average886281777514-7.9%

There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($10,222 per ton), while Denmark ($4,921 per ton) was amongst the lowest.

From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced mixed trends in the import price figures.

Frozen Crustaceans - Top Importers

COUNTRY201820192020CAGR,
2018-2020
billion USD
United States6.97.27.11.7%
China24.63.633.1%
Japan1.81.81.92.5%
Spain1.41.31.1-9.9%
France0.80.90.98.3%

In value terms, the largest frozen crustaceans importing markets worldwide were the United States ($7.1B), China ($3.6B) and Japan ($1.9B), together accounting for 58% of global imports.

China recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Frozen Crustaceans - Top Exporters

COUNTRY201820192020CAGR,
2018-2020
billion USD
Ecuador3.23.93.88.7%
India4.44.63.8-6.9%
Vietnam222-0.9%
Canada1.92.11.7-5.3%
Indonesia1.41.31.42.2%

In value terms, Ecuador ($3.8B), India ($3.8B) and Vietnam ($2B) constituted the countries with the highest levels of exports in 2020, with a combined 46% share of global exports. Canada, Indonesia, Russia, Argentina, China, Thailand and the Netherlands lagged somewhat behind, together comprising a further 32%.

Among the main exporting countries, Russia recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Frozen Crustaceans - Market Forecast

Driven by rising demand for frozen crustaceans worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.

Frozen Crustaceans - Product Coverage

  • HS 030611 - Crustaceans; rock lobsters and other sea crawfish (palinurus spp., panulirus spp., jasus spp.), frozen (whether in shell or not, whether or not cooked by steaming or by boiling in water)
  • HS 030612 - Crustaceans; lobsters (homarus spp.), frozen (whether in shell or not, whether or not cooked by steaming or by boiling in water)
  • HS 030613 - Crustaceans; shrimps and prawns, frozen (whether in shell or not, whether or not cooked by steaming or by boiling in water)
  • HS 030614 - Crustaceans; frozen, crabs, in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water
  • HS 030615 - Crustaceans; frozen, Norway lobsters (Nephrops norvegicus), in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water
  • HS 030616 - Crustaceans; frozen, cold-water shrimps and prawns (Pandalus spp., Crangon crangon), in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water
  • HS 030617 - Crustaceans; frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water
  • HS 030619 - Crustaceans; frozen, n.e.s. in item no. 0306.1 (whether in shell or not, whether or not cooked by steaming or by boiling in water)
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World - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the global frozen crustaceans market.

Australia and Oceania - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the frozen crustaceans market in Australia and Oceania.

Eastern Asia - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the frozen crustaceans market in Eastern Asia.

Northern America - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the frozen crustaceans market in Northern America.

Africa - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the frozen crustaceans market in Africa.

South-Eastern Asia - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the frozen crustaceans market in South-Eastern Asia.

Southern Asia - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the frozen crustaceans market in Southern Asia.

Central Asia - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the frozen crustaceans market in Central Asia.

Latin America and the Caribbean - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the frozen crustaceans market in Latin America and the Caribbean.

Middle East - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends and Insights
$499

This report provides an in-depth analysis of the frozen crustaceans market in the Middle East.

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Geography