Scandinavia: Market for Crabs and Crab Meat 2022

Market Size for Crabs and Crab Meat in Scandinavia

After two years of growth, the Scandinavia crab and crab meat market decreased by -32.8% to $X in 2021. Overall, consumption recorded a noticeable shrinkage. The level of consumption peaked at $X in 2015; however, from 2016 to 2021, consumption stood at a somewhat lower figure.

Production of Crabs and Crab Meat in Scandinavia

In value terms, crab and crab meat production stood at $X in 2021 estimated in export price. The total production indicated a strong expansion from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -0.7% against 2019 indices. The most prominent rate of growth was recorded in 2015 when the production volume increased by 28%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Crabs and Crab Meat

Exports in Scandinavia

In 2021, the amount of crabs and crab meat exported in Scandinavia skyrocketed to X tons, with an increase of 40% against 2020 figures. In general, exports showed a remarkable increase. The pace of growth was the most pronounced in 2016 with an increase of 62%. The volume of export peaked in 2021 and is likely to see gradual growth in the near future.

In value terms, crab and crab meat exports surged to $X in 2021. Over the period under review, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Norway was the major exporting country with an export of about X tons, which amounted to 62% of total exports. Denmark (X tons) took a 34% share (based on physical terms) of total exports, which put it in second place, followed by Sweden (4.6%).

From 2012 to 2021, the biggest increases were in Norway (with a CAGR of +19.3%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Norway ($X) remains the largest crab and crab meat supplier in Scandinavia, comprising 77% of total exports. The second position in the ranking was taken by Denmark ($X), with a 20% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Norway amounted to +25.5%. In the other countries, the average annual rates were as follows: Denmark (+14.0% per year) and Sweden (+13.4% per year).

Export Prices by Country

In 2021, the export price in Scandinavia amounted to $X per ton, with an increase of 47% against the previous year. Over the last nine-year period, it increased at an average annual rate of +5.0%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2021, the country with the highest price was Norway ($X per ton), while Denmark ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Norway (+5.2%), while the other leaders experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports in Scandinavia

In 2021, the amount of crabs and crab meat imported in Scandinavia soared to X tons, picking up by 32% compared with the previous year's figure. Total imports indicated a resilient increase from 2012 to 2021: its volume increased at an average annual rate of +5.6% over the last nine-year period. 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.

In value terms, crab and crab meat imports skyrocketed to $X in 2021. Overall, imports showed a prominent expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Denmark (X tons) was the largest importer of crabs and crab meat, achieving 58% of total imports. Sweden (X tons) ranks second in terms of the total imports with a 21% share, followed by Norway (20%).

From 2012 to 2021, average annual rates of growth with regard to crab and crab meat imports into Denmark stood at +6.9%. At the same time, Norway (+35.8%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing importer imported in Scandinavia, with a CAGR of +35.8% from 2012-2021. By contrast, Sweden (-2.9%) illustrated a downward trend over the same period. Norway (+18 p.p.) and Denmark (+6.1 p.p.) significantly strengthened its position in terms of the total imports, while Sweden saw its share reduced by -24% from 2012 to 2021, respectively.

In value terms, Denmark ($X) constitutes the largest market for imported crabs and crab meat in Scandinavia, comprising 57% of total imports. The second position in the ranking was held by Norway ($X), with a 26% share of total imports.

In Denmark, crab and crab meat imports expanded at an average annual rate of +19.1% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Norway (+42.2% per year) and Sweden (+2.2% per year).

Import Prices by Country

In 2021, the import price in Scandinavia amounted to $X per ton, growing by 28% against the previous year. In general, the import price saw a strong increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, the country with the highest price was Norway ($X per ton), while Sweden ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+11.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Market Intelligence Platform

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