Eastern Asia: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in Eastern Asia

In 2023, after two years of growth, there was significant decline in the East Asian market for frozen crabs and crabs meat, when its value decreased by X% to $X. Overall, consumption, however, showed a mild contraction. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Frozen Crabs And Crabs Meat in Eastern Asia

In value terms, frozen crab and crab meat production expanded to $X in 2023 estimated in export price. Over the period under review, production, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2021 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Frozen Crabs And Crabs Meat

Exports in Eastern Asia

In 2023, frozen crab and crab meat exports in Eastern Asia reduced modestly to X tons, approximately reflecting the year before. Over the period under review, exports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen crab and crab meat exports fell to $X in 2023. In general, exports saw a noticeable downturn. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, the exports reached the maximum at $X in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

China represented the key exporting country with an export of about X tons, which resulted at X% of total exports. It was distantly followed by Democratic People's Republic of Korea (X tons), committing a X% share of total exports. South Korea (X tons) and Japan (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Democratic People's Republic of Korea (with a CAGR of X%), while shipments for the other leaders experienced mixed trends in the exports figures.

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

From 2012 to 2023, the average annual growth rate of value in China amounted to X%. The remaining exporting countries recorded the following average annual rates of exports growth: Democratic People's Republic of Korea (X% per year) and South Korea (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period under review, the export price saw a pronounced curtailment. The pace of growth appeared the most rapid in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Japan ($X per ton), while Democratic People's Republic of Korea ($X per ton) was amongst the lowest.

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

Imports of Frozen Crabs And Crabs Meat

Imports in Eastern Asia

In 2023, overseas purchases of frozen crabs and crabs meat were finally on the rise to reach X tons after six years of decline. Overall, imports, however, showed a noticeable slump. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, frozen crab and crab meat imports contracted significantly to $X in 2023. In general, imports, however, recorded a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by X%. As a result, imports attained the peak of $X. From 2015 to 2023, the growth of imports failed to regain momentum.

Imports by Country

China (X tons), South Korea (X tons) and Japan (X tons) represented roughly X% of total imports in 2023. It was distantly followed by Taiwan (Chinese) (X tons), achieving a X% share of total imports. Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other leaders experienced a decline in the imports figures.

In value terms, Japan ($X), China ($X) and South Korea ($X) were the countries with the highest levels of imports in 2023, together comprising X% of total imports.

China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other leaders experienced a decline in the imports figures.

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, reducing by X% against the previous year. Overall, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. Over the period under review, import prices attained the maximum at $X per ton in 2022, and then fell significantly 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 Hong Kong SAR ($X per ton), while South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform