Latin America and the Caribbean: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Latin America and the Caribbean

The Latin American market for prepared or preserved crab meat reduced modestly to $X in 2022, dropping by X% against the previous year. Over the period under review, consumption recorded a pronounced contraction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Production of Prepared Or Preserved Crab Meat in Latin America and the Caribbean

In value terms, prepared or preserved crab meat production contracted modestly to $X in 2022 estimated in export price. Over the period under review, production saw a mild setback. The pace of growth appeared the most rapid in 2014 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2022, production growth remained at a somewhat lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports in Latin America and the Caribbean

In 2022, approx. X tons of prepared or preserved crab meat were exported in Latin America and the Caribbean; surging by X% compared with the year before. The total export volume 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 throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared or preserved crab meat exports totaled $X in 2022. Total exports indicated a temperate 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. Over the period under review, the exports reached the maximum in 2022 and are likely to continue growth in the near future.

Exports by Country

Venezuela was the main exporting country with an export of around X tons, which recorded X% of total exports. It was distantly followed by Colombia (X tons), Mexico (X tons), Chile (X tons) and Argentina (X tons), together comprising a X% share of total exports. Nicaragua (X tons) followed a long way behind the leaders.

From 2012 to 2022, average annual rates of growth with regard to prepared or preserved crab meat exports from Venezuela stood at X%. At the same time, Nicaragua (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%), Chile (X%) and Mexico (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Venezuela, Colombia and Nicaragua increased by X, X and X percentage points, respectively.

In value terms, Venezuela ($X) remains the largest prepared or preserved crab meat supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was held by Colombia ($X), with an X% share of total exports. It was followed by Mexico, with an X% share.

In Venezuela, prepared or preserved crab meat exports increased at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Colombia (X% per year) and Mexico (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2022, shrinking by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Nicaragua ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Imports of Prepared Or Preserved Crab Meat

Imports in Latin America and the Caribbean

In 2022, purchases abroad of prepared or preserved crab meat increased by X% to X tons, rising for the second year in a row after two years of decline. In general, imports posted a resilient increase. The pace of growth appeared the most rapid in 2021 when imports increased by X%. The volume of import peaked in 2022 and is likely to see gradual growth in the immediate term.

In value terms, prepared or preserved crab meat imports surged to $X in 2022. Over the period under review, imports recorded strong growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Mexico represented the largest importer of prepared or preserved crab meat in Latin America and the Caribbean, with the volume of imports accounting for X tons, which was approx. X% of total imports in 2022. It was distantly followed by Colombia (X tons), Bahamas (X tons) and Panama (X tons), together creating a X% share of total imports. Chile (X tons), Ecuador (X tons), Jamaica (X tons), Trinidad and Tobago (X tons), El Salvador (X tons), Venezuela (X tons) and Barbados (X tons) held a relatively small share of total imports.

From 2012 to 2022, average annual rates of growth with regard to prepared or preserved crab meat imports into Mexico stood at X%. At the same time, Panama (X%), Bahamas (X%), Colombia (X%) and Barbados (X%) displayed positive paces of growth. Moreover, Panama emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2022. Trinidad and Tobago experienced a relatively flat trend pattern. By contrast, Venezuela (X%), Chile (X%), El Salvador (X%), Jamaica (X%) and Ecuador (X%) illustrated a downward trend over the same period. Mexico (X p.p.), Bahamas (X p.p.), Colombia (X p.p.) and Panama (X p.p.) significantly strengthened its position in terms of the total imports, while Trinidad and Tobago, Venezuela, El Salvador, Chile, Jamaica and Ecuador saw its share reduced by X%, X%, X%, X%, X% and X% from 2012 to 2022, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Mexico ($X) constitutes the largest market for imported prepared or preserved crab meat in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was held by Colombia ($X), with a X% share of total imports. It was followed by Bahamas, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Mexico stood at X%. The remaining importing countries recorded the following average annual rates of imports growth: Colombia (X% per year) and Bahamas (X% per year).

Import Prices by Country

In 2022, the import price in Latin America and the Caribbean amounted to $X per ton, picking up by X% against the previous year. Overall, the import price continues to indicate a modest increase. The level of import peaked at $X per ton in 2016; however, from 2017 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Trinidad and Tobago (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :