Northern America: Market for Prepared Or Preserved Crab Meat 2023

Market Size for Prepared Or Preserved Crab Meat in Northern America

In 2021, the North American market for prepared or preserved crab meat was finally on the rise to reach $X after two years of decline. The market value increased at an average annual rate of +3.2% from 2012 to 2021; 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 Northern America

In value terms, prepared or preserved crab meat production reached $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.8% from 2012 to 2021; however, the trend pattern remained consistent, with somewhat noticeable fluctuations in certain years. The pace of growth appeared the most rapid in 2016 when the production volume increased by 20% against the previous year. The level of production peaked at $X in 2019; however, from 2020 to 2021, production stood at a somewhat lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports in Northern America

Prepared or preserved crab meat exports dropped slightly to X tons in 2021, with a decrease of -3.5% on the previous year. In general, exports saw a abrupt slump. The pace of growth appeared the most rapid in 2018 when exports increased by 11% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2013; however, from 2014 to 2021, the exports failed to regain momentum.

In value terms, prepared or preserved crab meat exports rose slightly to $X in 2021. Overall, exports recorded a pronounced reduction. The pace of growth appeared the most rapid in 2013 when exports increased by 13%. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

In 2021, Canada (X tons), followed by the United States (X tons) represented the largest exporters of prepared or preserved crab meat, together generating 100% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Canada (with a CAGR of -4.3%).

In value terms, Canada ($X) remains the largest prepared or preserved crab meat supplier in Northern America, comprising 69% of total exports. The second position in the ranking was taken by the United States ($X), with a 31% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Canada was relatively modest.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2021, surging by 8.3% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +4.4%. The pace of growth appeared the most rapid in 2016 an increase of 15% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+5.2%).

Imports of Prepared Or Preserved Crab Meat

Imports in Northern America

In 2021, after two years of decline, there was significant growth in purchases abroad of prepared or preserved crab meat, when their volume increased by 18% to X tons. In general, imports, however, recorded a relatively flat trend pattern. Over the period under review, imports hit record highs at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, prepared or preserved crab meat imports surged to $X in 2021. Total imports indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.7% 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

The United States prevails in imports structure, recording X tons, which was near 93% of total imports in 2021. It was distantly followed by Canada (X tons), committing a 6.7% share of total imports.

The United States experienced a relatively flat trend pattern with regard to volume of imports of prepared or preserved crab meat. At the same time, Canada (+6.2%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of +6.2% from 2012-2021. While the share of Canada (+2.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of the United States (-2.9 p.p.) displayed negative dynamics.

In value terms, the United States ($X) constitutes the largest market for imported prepared or preserved crab meat in Northern America, comprising 94% of total imports. The second position in the ranking was taken by Canada ($X), with a 6.3% share of total imports.

In the United States, prepared or preserved crab meat imports increased at an average annual rate of +3.2% over the period from 2012-2021.

Import Prices by Country

The import price in Northern America stood at $X per ton in 2021, jumping by 39% against the previous year. Over the last nine-year period, it increased at an average annual rate of +4.0%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Average prices varied noticeably amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+11.3%).

Source: IndexBox Platform

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