Argentina: Market for Prepared Or Preserved Crab Meat 2023

Market Size for Prepared Or Preserved Crab Meat in Argentina

In 2021, the Argentinian market for prepared or preserved crab meat increased by 10% to $X for the first time since 2016, thus ending a four-year declining trend. In general, consumption, however, showed a abrupt setback. Prepared or preserved crab meat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption failed to regain momentum.

Production of Prepared Or Preserved Crab Meat in Argentina

In value terms, prepared or preserved crab meat production amounted to $X in 2021 estimated in export price. Over the period under review, production, however, faced a abrupt decline. The most prominent rate of growth was recorded in 2016 with an increase of 4.5% against the previous year. Prepared or preserved crab meat production peaked at $X in 2012; however, from 2013 to 2021, production remained at a lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports from Argentina

In 2021, shipments abroad of prepared or preserved crab meat decreased by -41.6% to X tons, falling for the second consecutive year after two years of growth. Over the period under review, exports recorded a deep setback. The growth pace was the most rapid in 2018 with an increase of 260%. The exports peaked at X tons in 2013; however, from 2014 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared or preserved crab meat exports dropped to $X in 2021. Overall, exports showed a drastic downturn. The most prominent rate of growth was recorded in 2019 when exports increased by 77%. The exports peaked at $X in 2012; however, from 2013 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for prepared or preserved crab meat exports from Argentina, with a 79% share of total exports. Moreover, prepared or preserved crab meat exports to China exceeded the volume sent to the second major destination, Belgium (X tons), more than tenfold. The United States (X tons) ranked third in terms of total exports with a 4.4% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +25.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Belgium (+27.2% per year) and the United States (-33.5% per year).

In value terms, Belgium ($X), China ($X) and the United Arab Emirates ($X) were the largest markets for prepared or preserved crab meat exported from Argentina worldwide, together accounting for 56% of total exports.

Among the main countries of destination, Belgium, with a CAGR of +35.7%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for prepared or preserved crab meat stood at $X per ton in 2021, rising by 58% against the previous year. In general, the export price, however, showed a deep slump. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Belgium (+6.6%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Or Preserved Crab Meat

Imports into Argentina

For the third consecutive year, Argentina recorded growth in supplies from abroad of prepared or preserved crab meat, which increased by 32% to X tons in 2021. In general, imports showed prominent growth. The pace of growth was the most pronounced in 2019 with an increase of 191%. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, prepared or preserved crab meat imports rose significantly to $X in 2021. Over the period under review, imports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2019 with an increase of 237% against the previous year. Over the period under review, imports reached the maximum at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Chile (X kg) and Germany (X kg) were the main suppliers of prepared or preserved crab meat imports to Argentina.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Germany (with a CAGR of +32.2%).

In value terms, the largest prepared or preserved crab meat suppliers to Argentina were Chile ($X) and Germany ($X).

In terms of the main suppliers, Germany, with a CAGR of +26.1%, saw the highest rates of growth with regard to the value of imports, over the period under review.

Import Prices by Country

The average import price for prepared or preserved crab meat stood at $X per ton in 2021, waning by -16.1% against the previous year. In general, the import price continues to indicate a abrupt slump. The pace of growth appeared the most rapid in 2013 when the average import price increased by 54%. As a result, import price reached the peak level of $X per ton. From 2014 to 2021, the average import prices remained at a somewhat lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for Chile amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-4.5%).

Source: IndexBox Market Intelligence Platform

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