Asia-Pacific: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in Asia-Pacific

In 2023, after two years of growth, there was significant decline in the Asia-Pacific market for frozen crabs and crabs meat, when its value decreased by X% to $X. In general, consumption, however, recorded a slight contraction. Over the period under review, the market attained the peak level at $X in 2022, and then shrank in the following year.

Production of Frozen Crabs And Crabs Meat in Asia-Pacific

In value terms, frozen crab and crab meat production stood at $X in 2023 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X; afterwards, it flattened through to 2023.

Exports of Frozen Crabs And Crabs Meat

Exports in Asia-Pacific

In 2023, approx. X tons of frozen crabs and crabs meat were exported in Asia-Pacific; increasing by X% on the previous year's figure. Overall, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when exports increased by X%. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, frozen crab and crab meat exports declined to $X in 2023. Over the period under review, exports, however, continue to indicate a perceptible setback. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, China (X tons), distantly followed by Democratic People's Republic of Korea (X tons), Pakistan (X tons) and Myanmar (X tons) represented the major exporters of frozen crabs and crabs meat, together generating X% of total exports. Vietnam (X tons), Thailand (X tons) and Indonesia (X tons) held a little share of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Democratic People's Republic of Korea (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the largest frozen crab and crab meat supplier in Asia-Pacific, comprising X% of total exports. The second position in the ranking was taken by Democratic People's Republic of Korea ($X), with a X% share of total exports. It was followed by Myanmar, with an X% share.

In China, frozen crab and crab meat exports decreased by an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Democratic People's Republic of Korea (X% per year) and Myanmar (X% per year).

Export Prices by Country

The export price in Asia-Pacific stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price saw a perceptible curtailment. The growth pace was the most rapid in 2021 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2023, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Indonesia (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Frozen Crabs And Crabs Meat

Imports in Asia-Pacific

In 2023, supplies from abroad of frozen crabs and crabs meat increased by X% to X tons, rising for the second consecutive year after three years of decline. Overall, imports, however, recorded a perceptible descent. The growth pace was the most rapid in 2014 when imports increased by X%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen crab and crab meat imports contracted notably to $X in 2023. In general, imports, however, saw a perceptible shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

The countries with the highest levels of frozen crab and crab meat imports in 2023 were China (X tons), South Korea (X tons) and Japan (X tons), together recording X% of total import. Thailand (X tons) held the next position in the ranking, followed by Indonesia (X tons) and Vietnam (X tons). All these countries together took approx. X% share of total imports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2023, together accounting for X% of total imports. Indonesia, Vietnam, Thailand and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main importing countries, Thailand, with a CAGR of X%, saw the highest rates of growth with regard to 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 Asia-Pacific stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then contracted dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by China (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform