Nigeria - Crabs And Crabs Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Crab and Crab Meat in Nigeria - 2022
Contents:
- Price for Crab and Crab Meat in Nigeria (CIF) - 2022
- Price for Crab and Crab Meat in Nigeria (FOB) - 2022
- Imports of Crab and Crab Meat in Nigeria
- Exports of Crab and Crab Meat in Nigeria
Price for Crab and Crab Meat in Nigeria (CIF) - 2022
In 2022, the average crab and crab meat import price amounted to $17,349 per ton, growing by 21% against the previous year. In general, import price indicated a perceptible expansion from 2012 to 2022: its price increased at an average annual rate of +3.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crab and crab meat import price increased by +139.7% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by 98%. Over the period under review, average import prices attained the maximum in 2022 and is likely to see gradual growth in the immediate term.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($17,791 per ton), while the price for the Netherlands ($10,310 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by China (+6,355.0%), while the prices for the other major suppliers experienced mixed trend patterns.
Price for Crab and Crab Meat in Nigeria (FOB) - 2022
The average crab and crab meat export price stood at $13,963 per ton in June 2022, with an increase of 37% against the previous month. In general, the export price, however, showed a slight shrinkage. Over the period under review, the average export prices reached the maximum at $16,513 per ton in February 2022; however, from March 2022 to June 2022, the export prices failed to regain momentum.
As there is only one major export destination, the average price level is determined by prices for the Netherlands.
From January 2022 to June 2022, the rate of growth in terms of prices for Belgium amounted to 0.0% per month.
Imports of Crab and Crab Meat in Nigeria
For the fourth year in a row, Nigeria recorded growth in purchases abroad of crabs and crab meat, which increased by 39% to 7 tons in 2022. In general, imports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 633% against the previous year. Imports peaked in 2022 and are expected to retain growth in years to come.
In value terms, crab and crab meat imports surged to $122K in 2022. Overall, imports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of 357% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to see steady growth in years to come.
| Import of Crab and Crab Meat in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Belgium | N/A | N/A | N/A | 15.3 | 0% |
| Netherlands | 2.9 | N/A | 22.9 | 3.8 | 9.4% |
| South Africa | 2.0 | 0.1 | 2.1 | 0.6 | -33.1% |
| Norway | N/A | N/A | 1.2 | N/A | 0% |
| China | N/A | 22.2 | 23.1 | N/A | 4.1% |
| Others | N/A | N/A | 22.8 | 102 | 347.4% |
| Total | 4.9 | 22.3 | 72.1 | 122 | 192.0% |
Top Suppliers of Crab and Crab Meat to Nigeria in 2022:
- Belgium (0.9 tons)
- Netherlands (0.4 tons)
- South Africa (0.1 tons)
Exports of Crab and Crab Meat in Nigeria
In 2022, after two years of decline, there was decline in shipments abroad of crabs and crab meat, when their volume decreased by 0% to 242 tons. Overall, exports saw significant growth. The smallest decline of 99.9% was in 2020. The exports peaked in 2022 and are likely to continue growth in years to come.
In value terms, crab and crab meat exports totaled $1.3M in 2022. In general, exports saw significant growth. The smallest decline of 99.9% was in 2020. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.
| Export of Crab and Crab Meat in Nigeria (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Netherlands | 98.6 | N/A | N/A | 383 | 57.2% |
| Belgium | 37.5 | N/A | N/A | 162 | 62.9% |
| Taiwan (Chinese) | 106 | N/A | N/A | 129 | 6.8% |
| Portugal | 5.6 | N/A | N/A | 20.8 | 54.9% |
| Others | 30.9 | N/A | N/A | 619 | 171.6% |
| Total | 279 | N/A | N/A | 1,314 | 67.6% |
Top Export Markets for Crab and Crab Meat from Nigeria in 2022:
- Netherlands (79.5 tons)
- Taiwan (Chinese) (43.6 tons)
- Belgium (14.9 tons)
- Portugal (2.4 tons)
This report provides an in-depth analysis of the market for crab and crab meat in Nigeria. 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 2030.
Product coverage:
Country coverage:
- Nigeria
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Nigeria
- 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:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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