MENA: Market for Prepared Or Preserved Crab Meat 2023

Market Size for Prepared Or Preserved Crab Meat in MENA

In 2021, the MENA's market for prepared or preserved crab meat was finally on the rise to reach $X after two years of decline. Overall, consumption, however, saw a slight downturn. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Prepared Or Preserved Crab Meat in MENA

In value terms, prepared or preserved crab meat production amounted to $X in 2021 estimated in export price. Overall, production, however, recorded a noticeable decline. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Prepared Or Preserved Crab Meat

Exports in MENA

In 2021, the amount of prepared or preserved crab meat exported in MENA fell sharply to X tons, shrinking by -15.9% against 2020. In general, exports showed a perceptible contraction. The most prominent rate of growth was recorded in 2013 with an increase of 43% against the previous year. Over the period under review, the exports hit record highs at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, prepared or preserved crab meat exports expanded rapidly to $X in 2021. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when exports increased by 80% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

In 2021, the United Arab Emirates (X tons) represented the main exporter of prepared or preserved crab meat, achieving 45% of total exports. Tunisia (X tons) took a 24% share (based on physical terms) of total exports, which put it in second place, followed by Bahrain (11%), Morocco (7%) and Lebanon (6.1%). Saudi Arabia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the biggest increases were recorded for Lebanon (with a CAGR of +27.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Tunisia ($X) emerged as the largest prepared or preserved crab meat supplier in MENA, comprising 55% of total exports. The second position in the ranking was held by the United Arab Emirates ($X), with a 21% share of total exports. It was followed by Morocco, with a 13% share.

In Tunisia, prepared or preserved crab meat exports increased at an average annual rate of +22.7% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (-0.4% per year) and Morocco (-10.2% per year).

Export Prices by Country

In 2021, the export price in MENA amounted to $X per ton, increasing by 34% against the previous year. Export price indicated a perceptible increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared or preserved crab meat export price decreased by -23.2% against 2019 indices. The pace of growth appeared the most rapid in 2019 when the export price increased by 66% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices remained at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Tunisia (+6.0%), while the other leaders experienced more modest paces of growth.

Imports of Prepared Or Preserved Crab Meat

Imports in MENA

In 2021, the amount of prepared or preserved crab meat imported in MENA surged to X tons, growing by 73% on the previous year's figure. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared or preserved crab meat imports surged to $X in 2021. Total imports indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +10.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Lebanon represented the main importer of prepared or preserved crab meat in MENA, with the volume of imports resulting at X tons, which was near 58% of total imports in 2021. The United Arab Emirates (X tons) ranks second in terms of the total imports with a 20% share, followed by Iraq (9.1%) and Qatar (4.8%). Kuwait (X tons) and Turkey (X tons) held a relatively small share of total imports.

Imports into Lebanon increased at an average annual rate of +4.7% from 2012 to 2021. At the same time, Qatar (+68.0%), Turkey (+46.7%), Iraq (+40.7%), Kuwait (+17.9%) and the United Arab Emirates (+10.0%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in MENA, with a CAGR of +68.0% from 2012-2021. While the share of Iraq (+8.3 p.p.), Qatar (+4.8 p.p.), the United Arab Emirates (+4.4 p.p.), Kuwait (+2 p.p.) and Turkey (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Lebanon (-12.1 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported prepared or preserved crab meat in MENA, comprising 47% of total imports. The second position in the ranking was held by Lebanon ($X), with a 23% share of total imports. It was followed by Qatar, with a 14% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates stood at +12.4%. The remaining importing countries recorded the following average annual rates of imports growth: Lebanon (+1.9% per year) and Qatar (+70.3% per year).

Import Prices by Country

The import price in MENA stood at $X per ton in 2021, rising by 2.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.2%. The pace of growth appeared the most rapid in 2020 when the import price increased by 34% against the previous year. Over the period under review, import prices attained the maximum in 2021 and is expected to retain growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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