Norway - Crabs And Crabs Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Crab and Crab Meat in Norway - 2023
Contents:
- Price for Crab and Crab Meat in Norway (FOB) - 2023
- Price for Crab and Crab Meat in Norway (CIF) - 2022
- Exports of Crab and Crab Meat in Norway
- Imports of Crab and Crab Meat in Norway
Price for Crab and Crab Meat in Norway (FOB) - 2023
In September 2023, the average crab and crab meat export price amounted to $32,748 per ton, falling by -16.5% against the previous month. In general, the export price, however, continues to indicate a tangible expansion. The growth pace was the most rapid in July 2023 an increase of 70% month-to-month. The export price peaked at $39,216 per ton in August 2023, and then fell markedly in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was the Netherlands ($68,609 per ton), while the average price for exports to Sweden ($11,313 per ton) was amongst the lowest.
From September 2022 to September 2023, the most notable rate of growth in terms of prices was recorded for supplies to China (+8.3%), while the prices for the other major destinations experienced more modest paces of growth.
Price for Crab and Crab Meat in Norway (CIF) - 2022
In 2022, the average crab and crab meat import price amounted to $8,947 per ton, declining by -54.2% against the previous year. In general, the import price recorded a deep contraction. The growth pace was the most rapid in 2015 when the average import price increased by 33%. Over the period under review, average import prices reached the maximum at $31,968 per ton in 2018; however, from 2019 to 2022, import prices failed to regain momentum.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Russia ($75,817 per ton), while the price for Denmark ($3,280 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (+10.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Crab and Crab Meat in Norway
Crab and crab meat exports from Norway shrank markedly to 6.1K tons in 2022, reducing by -18.5% on the previous year. The total export volume increased at an average annual rate of +4.7% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when exports increased by 42%. As a result, the exports attained the peak of 7.5K tons, and then fell sharply in the following year.
In value terms, crab and crab meat exports dropped significantly to $167M in 2022. In general, exports, however, saw a strong increase. The pace of growth appeared the most rapid in 2021 when exports increased by 90% against the previous year. As a result, the exports reached the peak of $217M, and then declined notably in the following year.
| Export of Crab and Crab Meat in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 16.6 | 23.2 | 65.9 | 40.8 | 35.0% |
| Denmark | 14.1 | 12.1 | 29.2 | 22.1 | 16.2% |
| Netherlands | 8.7 | 6.2 | 14.7 | 16.5 | 23.8% |
| Japan | 13.0 | 7.2 | 15.0 | 12.1 | -2.4% |
| South Korea | 19.8 | 20.1 | 24.9 | 11.7 | -16.1% |
| France | 5.0 | 3.7 | 7.9 | 8.3 | 18.4% |
| Vietnam | 4.1 | 6.1 | 6.4 | 7.8 | 23.9% |
| China | 5.9 | 9.6 | 6.2 | 7.5 | 8.3% |
| Spain | 3.6 | 1.6 | 3.7 | 2.9 | -7.0% |
| Sweden | 3.6 | 3.3 | 3.9 | 2.5 | -11.4% |
| Others | 21.8 | 21.2 | 39.5 | 34.3 | 16.3% |
| Total | 116 | 114 | 217 | 167 | 12.9% |
Top Export Markets for Crab and Crab Meat from Norway in 2022:
- Denmark (1203.0 tons)
- United States (1169.4 tons)
- Japan (562.6 tons)
- Netherlands (497.6 tons)
- France (473.2 tons)
- China (410.7 tons)
- Vietnam (409.6 tons)
- South Korea (306.1 tons)
- Spain (121.3 tons)
- Sweden (78.7 tons)
Imports of Crab and Crab Meat in Norway
In 2022, overseas purchases of crabs and crab meat decreased by -62.3% to 475 tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, saw a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of 180% against the previous year. As a result, imports attained the peak of 1.3K tons, and then declined markedly in the following year.
In value terms, crab and crab meat imports declined markedly to $4.2M in 2022. In general, imports saw a significant contraction. The pace of growth was the most pronounced in 2021 with an increase of 152% against the previous year. As a result, imports reached the peak of $25M, and then contracted sharply in the following year.
| Import of Crab and Crab Meat in Norway (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Russia | 10.7 | 7.9 | 20.3 | 1.5 | -48.1% |
| Denmark | 0.2 | 0.4 | 1.1 | 1.0 | 71.0% |
| Vietnam | 0.9 | 1.0 | 0.9 | 0.7 | -8.0% |
| United Kingdom | 0.3 | 0.1 | 1.5 | 0.6 | 26.0% |
| Thailand | 0.1 | 0.1 | 0.1 | 0.2 | 26.0% |
| Sri Lanka | 0.1 | 0.1 | 0.1 | 0.1 | 0.0% |
| Germany | N/A | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.1 | 0.7 | 0.2 | 26.0% |
| Total | 12.2 | 9.8 | 24.6 | 4.2 | -29.9% |
Top Suppliers of Crab and Crab Meat to Norway in 2022:
- Denmark (307.4 tons)
- United Kingdom (67.3 tons)
- Vietnam (41.7 tons)
- Russia (19.3 tons)
- Thailand (7.8 tons)
- Germany (7.4 tons)
- Sri Lanka (7.2 tons)
This report provides an in-depth analysis of the market for crab and crab meat in Norway. 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:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- 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
-
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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