India: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in India

In 2022, the Indian crab and crab meat market decreased by X% to $X for the first time since 2017, thus ending a four-year rising trend. In general, the total consumption indicated a resilient increase 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, consumption increased by X% against 2015 indices. Over the period under review, the market hit record highs at $X in 2021, and then declined in the following year.

Production of Crabs and Crab Meat in India

In value terms, crab and crab meat production contracted modestly to $X in 2022 estimated in export price. In general, the total production indicated a resilient increase 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, production decreased by X% against 2019 indices. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Crabs and Crab Meat

Exports from India

Crab and crab meat exports from India contracted to X tons in 2022, reducing by X% compared with the previous year. In general, exports showed a slight downturn. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of X tons. From 2017 to 2022, the growth of the exports failed to regain momentum.

In value terms, crab and crab meat exports rose remarkably to $X in 2022. Over the period under review, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 with an increase of X%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for crab and crab meat exports from India, with a X% share of total exports. Moreover, crab and crab meat exports to China exceeded the volume sent to the second major destination, Singapore (X tons), fourfold. Taiwan (Chinese) (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Singapore (X% per year) and Taiwan (Chinese) (X% per year).

In value terms, the largest markets for crab and crab meat exported from India were China ($X), Singapore ($X) and Taiwan (Chinese) ($X), with a combined X% share of total exports.

China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2022, the average crab and crab meat export price amounted to $X per ton, growing by 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 2013 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2014 to 2022, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports into India

In 2022, approx. X tons of crabs and crab meat were imported into India; jumping by X% on 2021. Overall, imports continue to indicate a buoyant increase. The most prominent rate of growth was recorded in 2021 when imports increased by X%. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, crab and crab meat imports surged to $X in 2022. Over the period under review, imports posted a strong increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked in 2022 and are likely to see gradual growth in the near future.

Imports by Country

In 2022, Bahrain (X tons) constituted the largest crab and crab meat supplier to India, with a X% share of total imports. Moreover, crab and crab meat imports from Bahrain exceeded the figures recorded by the second-largest supplier, Tunisia (X tons), fourfold. The third position in this ranking was held by Sri Lanka (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Bahrain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (X% per year) and Sri Lanka (X% per year).

In value terms, Bahrain ($X) constituted the largest supplier of crabs and crab meat to India, comprising X% of total imports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total imports. It was followed by Sri Lanka, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from Bahrain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (X% per year) and Sri Lanka (X% per year).

Import Prices by Country

In 2022, the average crab and crab meat import price amounted to $X per ton, falling by X% against the previous year. In general, the import price showed a abrupt decrease. The most prominent rate of growth was recorded in 2021 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Sri Lanka ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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