Eastern Europe: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in Eastern Europe

The East European market for frozen crabs and crabs meat skyrocketed to $X in 2023, surging by X% against the previous year. In general, consumption continues to indicate a significant expansion. Over the period under review, the market attained the peak level at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Frozen Crabs And Crabs Meat in Eastern Europe

In value terms, frozen crab and crab meat production totaled $X in 2023 estimated in export price. Overall, production saw significant growth. The most prominent rate of growth was recorded in 2015 when the production volume increased by X% against the previous year. Over the period under review, production reached the peak level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Frozen Crabs And Crabs Meat

Exports in Eastern Europe

In 2023, approx. X tons of frozen crabs and crabs meat were exported in Eastern Europe; with a decrease of X% against 2022. Overall, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, the exports reached the peak figure at X tons in 2022, and then reduced in the following year.

In value terms, frozen crab and crab meat exports expanded modestly to $X in 2023. In general, exports, however, posted a resilient expansion. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure at $X in 2021; afterwards, it flattened through to 2023.

Exports by Country

Russia (X tons) represented roughly X% of total exports in 2023.

Russia experienced a relatively flat trend pattern with regard to volume of exports of frozen crabs and crabs meat. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) also remains the largest frozen crab and crab meat supplier in Eastern Europe.

From 2012 to 2023, the average annual rate of growth in terms of value in Russia amounted to X%.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2023, jumping by X% against the previous year. In general, the export price saw buoyant growth. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2023 and is likely to continue growth in the near future.

As there is only one major export destination, the average price level is determined by prices for Russia.

From 2012 to 2023, the rate of growth in terms of prices for Russia amounted to X% per year.

Imports of Frozen Crabs And Crabs Meat

Imports in Eastern Europe

After two years of growth, supplies from abroad of frozen crabs and crabs meat decreased by X% to X tons in 2023. Overall, imports, however, showed a slight expansion. The growth pace was the most rapid in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2017; however, from 2018 to 2023, imports stood at a somewhat lower figure.

In value terms, frozen crab and crab meat imports shrank to $X in 2023. In general, imports saw a pronounced slump. The pace of growth was the most pronounced in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

Lithuania represented the key importer of frozen crabs and crabs meat in Eastern Europe, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Hungary (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by the Czech Republic (X%), Bulgaria (X%), Romania (X%), Ukraine (X%) and Poland (X%).

Lithuania was also the fastest-growing in terms of the frozen crabs and crabs meat imports, with a CAGR of X% from 2012 to 2023. At the same time, Romania (X%), the Czech Republic (X%), Bulgaria (X%) and Ukraine (X%) displayed positive paces of growth. Poland experienced a relatively flat trend pattern. By contrast, Hungary (X%) illustrated a downward trend over the same period. Lithuania (X p.p.), the Czech Republic (X p.p.), Romania (X p.p.), Bulgaria (X p.p.) and Ukraine (X p.p.) significantly strengthened its position in terms of the total imports, while Hungary saw its share reduced by X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen crab and crab meat importing markets in Eastern Europe were Lithuania ($X), Poland ($X) and Hungary ($X), together comprising X% of total imports.

In terms of the main importing countries, Lithuania, with a CAGR of X%, saw 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

In 2023, the import price in Eastern Europe amounted to $X per ton, waning by X% against the previous year. Overall, the import price showed a pronounced curtailment. The pace of growth was the most pronounced in 2018 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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

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

Source: IndexBox Platform