Norway: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Norway

In 2022, the Norwegian 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. Overall, consumption continues to indicate a relatively flat trend pattern. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2022, consumption failed to regain momentum.

Production of Prepared Or Preserved Crab Meat in Norway

In value terms, prepared or preserved crab meat production dropped to $X in 2022 estimated in export price. In general, production, however, enjoyed perceptible growth. The most prominent rate of growth was recorded in 2018 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2019 to 2022, production growth failed to regain momentum.

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Exports of Prepared Or Preserved Crab Meat

Exports from Norway

In 2022, approx. X tons of prepared or preserved crab meat were exported from Norway; dropping by X% against the year before. In general, exports, however, showed a tangible increase. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, the exports reached the peak of X tons. From 2019 to 2022, the growth of the exports remained at a lower figure.

In value terms, prepared or preserved crab meat exports reduced remarkably to $X in 2022. Overall, exports, however, continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted dramatically in the following year.

Exports by Country

France (X tons) was the main destination for prepared or preserved crab meat exports from Norway, accounting for a X% share of total exports. Moreover, prepared or preserved crab meat exports to France exceeded the volume sent to the second major destination, the UK (X tons), twofold. The third position in this ranking was taken by Belgium (X tons), with an X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the UK (X% per year) and Belgium (X% per year).

In value terms, the largest markets for prepared or preserved crab meat exported from Norway were France ($X), the UK ($X) and Belgium ($X), with a combined X% share of total exports. Spain, Denmark, the Netherlands, Sweden and Portugal lagged somewhat behind, together comprising a further X%.

Spain, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average export price for prepared or preserved crab meat stood at $X per ton in 2022, shrinking by X% against the previous year. Overall, export price indicated tangible 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, prepared or preserved crab meat export price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2018 an increase of X%. The export price peaked at $X per ton in 2019; however, from 2020 to 2022, the export prices failed to regain momentum.

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 Netherlands ($X per ton), while the average price for exports to Spain ($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 Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Crab Meat

Imports into Norway

In 2022, supplies from abroad of prepared or preserved crab meat decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, imports continue to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, prepared or preserved crab meat imports surged to $X in 2022. Overall, imports, however, posted temperate growth. The most prominent rate of growth was recorded in 2020 when imports increased by X%. As a result, imports attained the peak of $X. From 2021 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, China (X tons) constituted the largest prepared or preserved crab meat supplier to Norway, accounting for a X% share of total imports. Moreover, prepared or preserved crab meat imports from China exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), threefold. The third position in this ranking was held by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (X% per year) and Canada (X% per year).

In value terms, Canada ($X), Bulgaria ($X) and China ($X) constituted the largest prepared or preserved crab meat suppliers to Norway, with a combined X% share of total imports.

In terms of the main suppliers, China, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, 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 enjoyed a prominent expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for Vietnam ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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