MERCOSUR: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in MERCOSUR

The MERCOSUR crab and crab meat market expanded to $X in 2022, with an increase of X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market attained the peak level in 2022 and is likely to see steady growth in the immediate term.

Production of Crabs and Crab Meat in MERCOSUR

In value terms, crab and crab meat production declined modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 when the production volume increased by X% against the previous year. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Exports of Crabs and Crab Meat

Exports in MERCOSUR

In 2022, crab and crab meat exports in MERCOSUR contracted to X tons, dropping by X% compared with the previous year's figure. Overall, exports recorded a slight downturn. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports hit record highs at X tons in 2018; however, from 2019 to 2022, the exports remained at a lower figure.

In value terms, crab and crab meat exports soared to $X in 2022. Total exports indicated a prominent 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, exports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of X%. The level of export peaked in 2022 and is likely to see gradual growth in the immediate term.

Exports by Country

Chile represented the major exporter of crabs and crab meat in MERCOSUR, with the volume of exports recording X tons, which was near X% of total exports in 2022. Argentina (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Uruguay (X%). Ecuador (X tons) and Brazil (X tons) held a relatively small share of total exports.

Exports from Chile increased at an average annual rate of X% from 2012 to 2022. At the same time, Ecuador (X%) and Uruguay (X%) displayed positive paces of growth. Moreover, Ecuador emerged as the fastest-growing exporter exported in MERCOSUR, with a CAGR of X% from 2012-2022. By contrast, Argentina (X%) and Brazil (X%) illustrated a downward trend over the same period. Chile (X p.p.), Uruguay (X p.p.) and Ecuador (X p.p.) significantly strengthened its position in terms of the total exports, while Brazil and Argentina saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Chile ($X) remains the largest crab and crab meat supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports. It was followed by Uruguay, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Chile totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Uruguay (X% per year).

Export Prices by Country

In 2022, the export price in MERCOSUR amounted to $X per ton, increasing by X% against the previous year. 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, crab and crab meat export price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the immediate term.

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

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

Imports of Crabs and Crab Meat

Imports in MERCOSUR

In 2022, supplies from abroad of crabs and crab meat increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, imports, however, saw a noticeable setback. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, crab and crab meat imports skyrocketed to $X in 2022. Over the period under review, imports recorded moderate growth. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Brazil (X tons) and Peru (X tons) prevails in imports structure, together constituting X% of total imports. It was distantly followed by Colombia (X tons), making up a X% share of total imports. The following importers - Venezuela (X tons) and Guyana (X tons) - each resulted at a X% share of total imports.

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

In value terms, Brazil ($X) constitutes the largest market for imported crabs and crab meat in MERCOSUR, comprising X% of total imports. The second position in the ranking was taken by Peru ($X), with a X% share of total imports. It was followed by Colombia, with a X% share.

In Brazil, crab and crab meat imports increased at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Peru (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, surging by X% against the previous year. Import price indicated prominent growth 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, crab and crab meat import price increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2014 when the import price increased by X%. The level of import peaked in 2022 and is expected to retain growth in years to come.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Brazil ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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