Canada - Frozen Crabs And Crabs Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Frozen Crab and Crab Meat in Canada - 2023
Contents:
- Price for Frozen Crab and Crab Meat in Canada (FOB) - 2023
- Price for Frozen Crab and Crab Meat in Canada (CIF) - 2023
- Exports of Frozen Crab and Crab Meat in Canada
- Imports of Frozen Crab and Crab Meat in Canada
Price for Frozen Crab and Crab Meat in Canada (FOB) - 2023
In June 2023, the average export price for frozen crabs and crabs meat amounted to $12,007 per ton, picking up by 3.4% against the previous month. In general, the export price, however, saw a deep slump. The most prominent rate of growth was recorded in January 2023 when the average export price increased by 37% against the previous month. Over the period under review, the average export prices hit record highs at $22,746 per ton in June 2022; however, from July 2022 to June 2023, the export prices stood at a somewhat lower figure.
Average prices varied somewhat for the major export markets. In June 2023, the highest price was recorded for prices to the United States ($12,259 per ton) and China ($11,321 per ton), while the average price for exports to Indonesia ($8,556 per ton) and Vietnam ($10,800 per ton) were amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (-4.0%), while the prices for the other major destinations experienced a decline.
Price for Frozen Crab and Crab Meat in Canada (CIF) - 2023
The average import price for frozen crabs and crabs meat stood at $10,495 per ton in June 2023, reducing by -22.8% against the previous month. Over the period under review, the import price saw a noticeable slump. The most prominent rate of growth was recorded in November 2022 when the average import price increased by 258% against the previous month. Over the period under review, average import prices attained the maximum at $31,806 per ton in December 2022; however, from January 2023 to June 2023, import prices remained at a lower figure.
There were significant differences in the average prices amongst the major supplying countries. In June 2023, the country with the highest price was the United States ($27,619 per ton), while the price for China ($4,503 per ton) was amongst the lowest.
From June 2022 to June 2023, the most notable rate of growth in terms of prices was attained by Vietnam (+11.8%), while the prices for the other major suppliers experienced mixed trend patterns.
Exports of Frozen Crab and Crab Meat in Canada
In 2022, frozen crab and crab meat exports from Canada was estimated at 60K tons, almost unchanged from the previous year. The total export volume increased at an average annual rate of +5.2% over the period from 2019 to 2022; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2021 when exports increased by 18% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to continue growth in years to come.
In value terms, frozen crab and crab meat exports shrank to $1.4B in 2022. Over the period under review, total exports indicated prominent growth from 2019 to 2022: its value increased at an average annual rate of +12.8% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +57.6% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 81%. As a result, the exports reached the peak of $1.6B, and then fell in the following year.
| Export of Frozen Crab and Crab Meat in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 736 | 743 | 1,383 | 1,092 | 14.1% |
| China | 82.4 | 57.2 | 80.5 | 110 | 10.1% |
| Vietnam | 32.3 | 18.3 | 18.9 | 56.1 | 20.2% |
| Indonesia | 31.7 | 8.7 | 15.5 | 50.0 | 16.4% |
| Japan | 49.4 | 27.7 | 57.3 | 41.0 | -6.0% |
| Others | 17.5 | 10.2 | 10.4 | 14.3 | -6.5% |
| Total | 949 | 865 | 1,566 | 1,363 | 12.8% |
Top Export Markets for Frozen Crab and Crab Meat from Canada in 2022:
- United States (45.8K tons)
- China (6.0K tons)
- Vietnam (2.7K tons)
- Indonesia (2.6K tons)
- Japan (2.4K tons)
Imports of Frozen Crab and Crab Meat in Canada
In 2022, after two years of decline, there was significant growth in overseas purchases of frozen crabs and crabs meat, when their volume increased by 32% to 2K tons. In general, imports, however, continue to indicate a deep slump.
In value terms, frozen crab and crab meat imports amounted to $35M in 2022. The total import value increased at an average annual rate of +1.6% over the period from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2021 with an increase of 26% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.
| Import of Frozen Crab and Crab Meat in Canada (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United States | 11.4 | 8.0 | 9.4 | 15.2 | 10.1% |
| Argentina | 0.3 | 0.2 | 0.8 | 5.5 | 163.7% |
| Norway | N/A | N/A | 0.8 | 5.2 | 550.0% |
| China | 4.8 | 2.5 | 3.3 | 2.7 | -17.5% |
| Russia | 12.1 | 10.1 | 13.7 | 2.1 | -44.2% |
| Chile | 0.8 | 0.6 | 0.3 | 1.1 | 11.2% |
| Vietnam | 0.2 | 0.3 | 0.6 | 0.6 | 44.2% |
| United Kingdom | 0.2 | N/A | 0.4 | 0.4 | 26.0% |
| Sri Lanka | 0.5 | 0.2 | 0.4 | 0.4 | -7.2% |
| Thailand | 0.9 | 1.0 | 0.7 | 0.4 | -23.7% |
| Tunisia | 0.5 | 0.1 | 0.3 | 0.1 | -41.5% |
| Others | 1.4 | 3.0 | 1.8 | 1.1 | -7.7% |
| Total | 33.1 | 25.9 | 32.5 | 34.7 | 1.6% |
Top Suppliers of Frozen Crab and Crab Meat to Canada in 2022:
- United States (726.5 tons)
- Argentina (456.7 tons)
- China (246.4 tons)
- Norway (166.7 tons)
- Sri Lanka (81.0 tons)
- Russia (58.2 tons)
- United Kingdom (55.0 tons)
- Vietnam (55.0 tons)
- Chile (54.4 tons)
- Thailand (30.0 tons)
- Tunisia (13.7 tons)
This report provides an in-depth analysis of the market for frozen crab and crab meat in Canada. 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:
- Canada
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Canada
- 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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