Australia and Oceania: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in Australia and Oceania

After two years of growth, the market for frozen crabs and crabs meat in Australia and Oceania decreased by X% to $X in 2023. The total consumption indicated a notable expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2022, and then dropped sharply in the following year.

Production of Frozen Crabs And Crabs Meat in Australia and Oceania

In value terms, frozen crab and crab meat production totaled $X in 2023 estimated in export price. In general, production, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2023, production stood at a somewhat lower figure.

Exports of Frozen Crabs And Crabs Meat

Exports in Australia and Oceania

In 2023, overseas shipments of frozen crabs and crabs meat were finally on the rise to reach X tons after four years of decline. Overall, exports, however, recorded a perceptible descent. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen crab and crab meat exports soared to $X in 2023. Over the period under review, exports, however, continue to indicate a slight setback. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports remained at a lower figure.

Exports by Country

Australia prevails in exports structure, resulting at X tons, which was near X% of total exports in 2023. It was distantly followed by Papua New Guinea (X tons), mixing up a X% share of total exports. Fiji (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to frozen crab and crab meat exports from Australia stood at X%. At the same time, Papua New Guinea (X%) and Fiji (X%) displayed positive paces of growth. Moreover, Papua New Guinea emerged as the fastest-growing exporter exported in Australia and Oceania, with a CAGR of X% from 2012-2023. Papua New Guinea (X p.p.) and Fiji (X p.p.) significantly strengthened its position in terms of the total exports, while Australia saw its share reduced by X% from 2012 to 2023, respectively.

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

In Australia, 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: Fiji (X% per year) and Papua New Guinea (X% per year).

Export Prices by Country

In 2023, the export price in Australia and Oceania amounted to $X per ton, surging by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2023, the export prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while Papua New Guinea ($X per ton) was amongst the lowest.

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

Imports of Frozen Crabs And Crabs Meat

Imports in Australia and Oceania

In 2023, after two years of growth, there was significant decline in purchases abroad of frozen crabs and crabs meat, when their volume decreased by X% to X tons. Overall, imports saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then reduced sharply in the following year.

In value terms, frozen crab and crab meat imports dropped rapidly to $X in 2023. Total imports indicated a moderate increase from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2022 with an increase of X%. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

Australia was the largest importer of frozen crabs and crabs meat in Australia and Oceania, with the volume of imports accounting for X tons, which was near X% of total imports in 2023. It was distantly followed by New Zealand (X tons), achieving a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to frozen crab and crab meat imports into Australia stood at X%. At the same time, New Zealand (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 2012-2023. From 2012 to 2023, the share of New Zealand increased by X percentage points.

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

In Australia, frozen crab and crab meat imports increased at an average annual rate of X% over the period from 2012-2023.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, growing by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2017 an increase of X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2023, 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 Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform