U.S. - Crabs And Crabs Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Crab and Crab Meat in the United States - 2023
Contents:
- Price for Crab and Crab Meat in the United States (CIF) - 2023
- Price for Crab and Crab Meat in the United States (FOB) - 2023
- Imports of Crab and Crab Meat in the United States
- Exports of Crab and Crab Meat in the United States
Price for Crab and Crab Meat in the United States (CIF) - 2023
The average crab and crab meat import price stood at $12,979 per ton in October 2023, growing by 3.8% against the previous month. In general, the import price, however, showed a noticeable decrease. The pace of growth was the most pronounced in January 2023 when the average import price increased by 11% against the previous month. The import price peaked at $17,473 per ton in November 2022; however, from December 2022 to October 2023, import prices stood at a somewhat lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Norway ($39,247 per ton), while the price for China ($3,478 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was attained by Norway (+5.4%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crab and Crab Meat in the United States (FOB) - 2023
In October 2023, the average crab and crab meat export price amounted to $10,178 per ton, growing by 17% against the previous month. Over the period under review, export price indicated a temperate increase from October 2022 to October 2023: its price increased at an average monthly rate of +2.2% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on October 2023 figures, crab and crab meat export price increased by +23.1% against August 2023 indices. The pace of growth appeared the most rapid in December 2022 an increase of 49% month-to-month. The export price peaked at $15,232 per ton in May 2023; however, from June 2023 to October 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was China ($19,206 per ton), while the average price for exports to Canada ($7,636 per ton) was amongst the lowest.
From October 2022 to October 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+3.9%), while the prices for the other major destinations experienced more modest paces of growth.
Imports of Crab and Crab Meat in the United States
In 2022, after three years of growth, there was significant decline in overseas purchases of crabs and crab meat, when their volume decreased by -16.3% to 86K tons. The total import volume increased at an average annual rate of +3.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of 17% against the previous year. As a result, imports reached the peak of 102K tons, and then contracted rapidly in the following year.
In value terms, crab and crab meat imports reduced rapidly to $2.2B in 2022. Overall, total imports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +13.7% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +46.8% against 2019 indices. The pace of growth appeared the most rapid in 2021 with an increase of 66% against the previous year. As a result, imports attained the peak of $2.8B, and then plummeted in the following year.
| Import of Crab and Crab Meat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 748 | 731 | 1,447 | 1,113 | 14.2% |
| Russia | 594 | 819 | 1,098 | 857 | 13.0% |
| Norway | 30.1 | 31.3 | 99.3 | 57.6 | 24.2% |
| Argentina | 21.4 | 29.0 | 32.5 | 55.8 | 37.6% |
| Mexico | 18.2 | 12.4 | 22.0 | 17.7 | -0.9% |
| China | 13.5 | 4.6 | 9.1 | 9.3 | -11.7% |
| Others | 90.1 | 80.9 | 119 | 113 | 7.8% |
| Total | 1,515 | 1,708 | 2,827 | 2,224 | 13.7% |
Top Suppliers of Crab and Crab Meat to the United States in 2022:
- Canada (48.8K tons)
- Russia (22.5K tons)
- Mexico (2.6K tons)
- Norway (2.1K tons)
- China (2.0K tons)
- Argentina (1.3K tons)
Exports of Crab and Crab Meat in the United States
In 2022, exports of crabs and crab meat from the United States dropped to 15K tons, declining by -10.1% compared with the year before. Overall, exports saw a noticeable descent. The pace of growth was the most pronounced in 2021 with an increase of 21%. As a result, the exports attained the peak of 17K tons, and then dropped in the following year.
In value terms, crab and crab meat exports declined sharply to $183M in 2022. Over the period under review, exports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 when exports increased by 33%. As a result, the exports attained the peak of $239M, and then contracted sharply in the following year.
| Export of Crab and Crab Meat in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 77.3 | 56.7 | 82.4 | 100 | 9.0% |
| China | 50.1 | 47.4 | 75.0 | 29.8 | -15.9% |
| Japan | 31.3 | 30.4 | 31.0 | 23.5 | -9.1% |
| Indonesia | 13.5 | 18.2 | 12.4 | 11.1 | -6.3% |
| Vietnam | 8.2 | 12.7 | 18.8 | 2.4 | -33.6% |
| Thailand | 8.2 | 4.5 | 5.9 | 0.5 | -60.6% |
| Others | 17.2 | 10.0 | 13.5 | 15.2 | -4.0% |
| Total | 206 | 180 | 239 | 183 | -3.9% |
Top Export Markets for Crab and Crab Meat from the United States in 2022:
- Thailand (undefinedK tons)
- Canada (10.6K tons)
- China (1.5K tons)
- Japan (1.3K tons)
- Indonesia (0.7K tons)
- Vietnam (0.1K tons)
This report provides an in-depth analysis of the market for crab and crab meat in the U.S.. 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:
- United States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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