Russian Federation - 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 Russia - 2022
Contents:
- Price for Frozen Crab and Crab Meat in Russia (FOB) - 2022
- Price for Frozen Crab and Crab Meat in Russia (CIF) - 2022
- Exports of Frozen Crab and Crab Meat in Russia
- Imports of Frozen Crab and Crab Meat in Russia
Price for Frozen Crab and Crab Meat in Russia (FOB) - 2022
The average export price for frozen crabs and crabs meat stood at $26,441 per ton in January 2022, shrinking by -23.8% against the previous month. Over the period under review, the export price, however, enjoyed tangible growth. The pace of growth appeared the most rapid in October 2021 an increase of 123% month-to-month. As a result, the export price reached the peak level of $67,107 per ton. From November 2021 to January 2022, the the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for South Korea.
From January 2021 to January 2022, the rate of growth in terms of prices for South Korea amounted to +3.0% per month.
Price for Frozen Crab and Crab Meat in Russia (CIF) - 2022
In 2022, the average import price for frozen crabs and crabs meat amounted to $35,768 per ton, rising by 165% against the previous year. In general, the import price recorded a resilient expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.
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 Japan ($43,765 per ton), while the price for Egypt stood at $3,751 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+59.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Exports of Frozen Crab and Crab Meat in Russia
In 2022, frozen crab and crab meat exports from Russia reduced slightly to 44K tons, waning by -2% compared with 2021 figures. Overall, exports showed a deep slump. The most prominent rate of growth was recorded in 2021 with an increase of 4.2% against the previous year.
In value terms, frozen crab and crab meat exports shrank significantly to $1.3B in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +11.8% 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 +39.6% against 2019 indices. The pace of growth was the most pronounced in 2021 when exports increased by 75%. As a result, the exports reached the peak of $1.6B, and then shrank dramatically in the following year.
| Export of Frozen Crab and Crab Meat in Russia (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| South Korea | 463 | 435 | 691 | 1,285 | 40.5% |
| Netherlands | 440 | 446 | 929 | N/A | 45.3% |
| Japan | 8.9 | 29.0 | 12.8 | N/A | 19.9% |
| Others | 9.1 | 23.4 | 3.8 | N/A | -35.4% |
| Total | 921 | 934 | 1,636 | 1,285 | 11.7% |
Top Export Markets for Frozen Crab and Crab Meat from Russia in 2022:
- South Korea (43.9K tons)
Imports of Frozen Crab and Crab Meat in Russia
In 2022, supplies from abroad of frozen crabs and crabs meat decreased by -53.6% to 3 tons, falling for the second consecutive year after two years of growth. In general, imports saw a sharp curtailment. The most prominent rate of growth was recorded in 2020 when imports increased by 38%. As a result, imports attained the peak of 9.8 tons. From 2021 to 2022, the growth of imports remained at a lower figure.
In value terms, frozen crab and crab meat imports skyrocketed to $109K in 2022. The total import value 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 most prominent rate of growth was recorded in 2020 with an increase of 32%. As a result, imports reached the peak of $129K. From 2021 to 2022, the growth of imports remained at a somewhat lower figure.
| Import of Frozen Crab and Crab Meat in Russia (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Japan | 6.1 | 12.3 | 34.2 | 106 | 159.0% |
| Egypt | N/A | N/A | 1.8 | 2.3 | 27.8% |
| Sri Lanka | N/A | 60.7 | 0.9 | N/A | -98.5% |
| Thailand | 84.0 | 54.6 | 28.8 | N/A | -41.4% |
| Tunisia | 7.0 | 0.9 | 21.0 | N/A | 73.2% |
| Others | 0.7 | 0.7 | 1.6 | N/A | 51.2% |
| Total | 97.8 | 129 | 88.2 | 109 | 3.7% |
Top Suppliers of Frozen Crab and Crab Meat to Russia in 2022:
- Japan (2.4 tons)
- Egypt (0.6 tons)
This report provides an in-depth analysis of the market for frozen crab and crab meat in the Russian Federation. 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:
- Russia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the Russian Federation
- 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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