Australia and Oceania: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in Australia and Oceania

The crab and crab meat market in Australia and Oceania soared to $X in 2022, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Crabs and Crab Meat in Australia and Oceania

In value terms, crab and crab meat production totaled $X in 2022 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Exports of Crabs and Crab Meat

Exports in Australia and Oceania

In 2022, approx. X tons of crabs and crab meat were exported in Australia and Oceania; waning by X% compared with the previous year's figure. Over the period under review, exports recorded a perceptible slump. The pace of growth was the most pronounced in 2019 when exports increased by X%. The volume of export peaked at X tons in 2021, and then dropped markedly in the following year.

In value terms, crab and crab meat exports dropped notably to $X in 2022. Overall, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then reduced notably in the following year.

Exports by Country

In 2022, Australia (X tons) represented the major exporter of crabs and crab meat, mixing up X% of total exports. It was distantly followed by Papua New Guinea (X tons), making up a X% share of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the leading exporting countries, was attained by Papua New Guinea (with a CAGR of X%).

In value terms, Australia ($X) remains the largest crab and crab meat supplier in Australia and Oceania, comprising X% of total exports. The second position in the ranking was taken by Papua New Guinea ($X), with a X% share of total exports.

In Australia, crab and crab meat exports remained relatively stable over the period from 2012-2022.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2022, rising by X% against the previous year. Overall, the export price recorded a noticeable increase. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

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 Australia ($X per ton), while Papua New Guinea amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Australia (X%).

Imports of Crabs and Crab Meat

Imports in Australia and Oceania

Crab and crab meat imports soared to X tons in 2022, jumping by X% compared with the previous year's figure. Total imports indicated perceptible growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. The volume of import peaked in 2022 and is expected to retain growth in the immediate term.

In value terms, crab and crab meat imports soared to $X in 2022. Total imports indicated strong growth from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2020 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Australia represented the key importer of crabs and crab meat in Australia and Oceania, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by New Zealand (X tons), mixing up a X% share of total imports. Guam (X tons) followed a long way behind the leaders.

Imports into Australia increased at an average annual rate of X% from 2012 to 2022. At the same time, New Zealand (X%) and Guam (X%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of X% from 2012-2022. New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Australia ($X) constitutes the largest market for imported crabs and crab meat in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

In Australia, crab and crab meat imports expanded at an average annual rate of X% over the period from 2012-2022. In the other countries, the average annual rates were as follows: New Zealand (X% per year) and Guam (X% per year).

Import Prices by Country

In 2022, the import price in Australia and Oceania amounted to $X per ton, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2017 an increase of X%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by New Zealand (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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