ASEAN: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in ASEAN

The ASEAN crab and crab meat market stood at $X in 2022, increasing by X% against the previous year. Overall, consumption showed buoyant growth. As a result, consumption attained the peak level of $X. From 2018 to 2022, the growth of the market remained at a somewhat lower figure.

Production of Crabs and Crab Meat in ASEAN

In value terms, crab and crab meat production stood at $X in 2022 estimated in export price. Over the period under review, production showed a buoyant increase. The growth pace was the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production reached the peak level of $X. From 2018 to 2022, production growth failed to regain momentum.

Exports of Crabs and Crab Meat

Exports in ASEAN

In 2022, shipments abroad of crabs and crab meat increased by X% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in the near future.

In value terms, crab and crab meat exports rose to $X in 2022. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, the exports attained the peak of $X. From 2018 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Myanmar (X tons), Indonesia (X tons) and Vietnam (X tons), together amounting to X% of total export. Thailand (X tons) took the next position in the ranking, followed by Malaysia (X tons). All these countries together took near X% share of total exports. The Philippines (X tons) held a little share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Myanmar ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Thailand, the Philippines and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Malaysia, with a CAGR of X%, 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

In 2022, the export price in ASEAN amounted to $X per ton, falling by X% against the previous year. Over the period under review, the export price saw a mild shrinkage. The growth pace was the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced a decline in the export price figures.

Imports of Crabs and Crab Meat

Imports in ASEAN

In 2022, approx. X tons of crabs and crab meat were imported in ASEAN; jumping by X% against the previous year's figure. Overall, imports showed buoyant growth. The most prominent rate of growth was recorded in 2018 when imports increased by X%. The volume of import peaked in 2022 and is likely to continue growth in the near future.

In value terms, crab and crab meat imports skyrocketed to $X in 2022. In general, imports saw a strong increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Thailand was the major importer of crabs and crab meat in ASEAN, with the volume of imports reaching X tons, which was approx. X% of total imports in 2022. Indonesia (X tons) took the second position in the ranking, followed by Vietnam (X tons), Malaysia (X tons) and Singapore (X tons). All these countries together held approx. X% share of total imports.

Thailand was also the fastest-growing in terms of the crabs and crab meat imports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand and Vietnam increased by X and X percentage points, respectively.

In value terms, the largest crab and crab meat importing markets in ASEAN were Indonesia ($X), Vietnam ($X) and Thailand ($X), with a combined X% share of total imports.

In terms of the main importing countries, Thailand, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2022, picking up by X% against the previous year. In general, the import price saw a relatively flat trend pattern. Over the period under review, import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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