Indonesia: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Indonesia

In 2022, the Indonesian market for prepared or preserved crab meat increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. The market value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Prepared Or Preserved Crab Meat in Indonesia

In value terms, prepared or preserved crab meat production stood at $X in 2022 estimated in export price. Over the period under review, the total production indicated a resilient expansion 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 2018 indices. The most prominent rate of growth was recorded in 2018 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2019 to 2022, production growth remained at a somewhat lower figure.

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Exports of Prepared Or Preserved Crab Meat

Exports from Indonesia

After four years of growth, overseas shipments of prepared or preserved crab meat decreased by X% to X tons in 2022. Overall, total exports indicated a perceptible increase from 2012 to 2022: its volume 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. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2021, and then dropped markedly in the following year.

In value terms, prepared or preserved crab meat exports shrank rapidly to $X in 2022. Over the period under review, exports, however, showed resilient growth. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then reduced remarkably in the following year.

Exports by Country

The United States (X tons) was the main destination for prepared or preserved crab meat exports from Indonesia, with a X% share of total exports. Moreover, prepared or preserved crab meat exports to the United States exceeded the volume sent to the second major destination, Japan (X tons), more than tenfold. The Netherlands (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 the United States totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the Netherlands (X% per year).

In value terms, the United States ($X) remains the key foreign market for prepared or preserved crab meat exports from Indonesia, comprising X% of total exports. The second position in the ranking was taken by Japan ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (X% per year) and the UK (X% per year).

Export Prices by Country

The average export price for prepared or preserved crab meat stood at $X per ton in 2022, which is down by X% against the previous year. Over the period under review, export price indicated a prominent expansion from 2012 to 2022: its price 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, prepared or preserved crab meat export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then dropped in the following year.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Canada ($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 the Netherlands (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Crab Meat

Imports into Indonesia

Prepared or preserved crab meat imports into Indonesia dropped sharply to X tons in 2022, shrinking by X% compared with 2021. In general, imports recorded a pronounced downturn. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at X tons in 2021, and then fell rapidly in the following year.

In value terms, prepared or preserved crab meat imports fell significantly to $X in 2022. Over the period under review, imports, however, posted a buoyant increase. The most prominent rate of growth was recorded in 2019 with an increase of X%. Imports peaked at $X in 2021, and then shrank dramatically in the following year.

Imports by Country

Pakistan (X tons), the United States (X tons) and the Philippines (X tons) were the main suppliers of prepared or preserved crab meat imports to Indonesia, together comprising X% of total imports. The UK, Thailand and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by South Korea (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Pakistan ($X), the United States ($X) and the Philippines ($X) constituted the largest prepared or preserved crab meat suppliers to Indonesia, with a combined X% share of total imports. The UK, Thailand and South Korea lagged somewhat behind, together accounting for a further X%.

South Korea, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for prepared or preserved crab meat stood at $X per ton in 2022, jumping by X% against the previous year. Overall, the import price saw a strong increase. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for South Korea ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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