Indonesia: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in Indonesia

In 2023, the Indonesian market for frozen crabs and crabs meat decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. Over the period under review, consumption, however, recorded strong growth. Over the period under review, the market reached the maximum level at $X in 2022, and then dropped in the following year.

Production of Frozen Crabs And Crabs Meat in Indonesia

In value terms, frozen crab and crab meat production amounted to $X in 2023 estimated in export price. In general, production saw a sharp decline. The pace of growth was the most pronounced in 2013 when the production volume decreased by X%. Frozen crab and crab meat production peaked at $X in 2012; however, from 2013 to 2023, production remained at a lower figure.

Exports of Frozen Crabs And Crabs Meat

Exports from Indonesia

After two years of growth, overseas shipments of frozen crabs and crabs meat decreased by X% to X tons in 2023. Over the period under review, exports continue to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2022 when exports increased by X% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2012; however, from 2013 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen crab and crab meat exports declined significantly to $X in 2023. In general, exports showed a pronounced curtailment. The most prominent rate of growth was recorded in 2022 when exports increased by X%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2023, the exports remained at a lower figure.

Exports by Country

Malaysia (X tons) was the main destination for frozen crab and crab meat exports from Indonesia, accounting for a X% share of total exports. Moreover, frozen crab and crab meat exports to Malaysia exceeded the volume sent to the second major destination, the United States (X tons), fivefold. The third position in this ranking was taken by Japan (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to Malaysia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Japan (X% per year).

In value terms, Japan ($X) remains the key foreign market for frozen crabs and crabs meat exports from Indonesia, comprising X% of total exports. The second position in the ranking was held by the United States ($X), with a X% share of total exports. It was followed by Malaysia, with an X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to Japan totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Malaysia (X% per year).

Export Prices by Country

In 2023, the average export price for frozen crabs and crabs meat amounted to $X per ton, approximately reflecting the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2014 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2023, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Japan (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports into Indonesia

In 2023, overseas purchases of frozen crabs and crabs meat decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports, however, enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then fell in the following year.

In value terms, frozen crab and crab meat imports plummeted to $X in 2023. Over the period under review, imports, however, saw strong growth. The pace of growth appeared the most rapid in 2022 with an increase of X% against the previous year. As a result, imports reached the peak of $X, and then contracted dramatically in the following year.

Imports by Country

Tunisia (X tons), Canada (X tons) and the United States (X tons) were the main suppliers of frozen crab and crab meat imports to Indonesia, together accounting for X% of total imports. China, Russia, Bahrain, Uruguay, Chile and Japan lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Chile (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X) constituted the largest supplier of frozen crabs and crabs meat to Indonesia, comprising X% of total imports. The second position in the ranking was held by the United States ($X), with a X% share of total imports. It was followed by Tunisia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Tunisia (X% per year).

Import Prices by Country

The average import price for frozen crabs and crabs meat stood at $X per ton in 2023, shrinking by X% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2022 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2023, 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 Canada ($X per ton), while the price for Bahrain ($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 prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform