Singapore: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in Singapore

The Singaporean crab and crab meat market surged to $X in 2022, picking up by X% against the previous year. Overall, consumption, however, recorded a mild setback. Over the period under review, the market reached the maximum level at $X in 2014; however, from 2015 to 2022, consumption stood at a somewhat lower figure.

Production of Crabs and Crab Meat in Singapore

In value terms, crab and crab meat production reduced to $X in 2022 estimated in export price. Overall, production continues to indicate a deep reduction. The most prominent rate of growth was recorded in 2013 with an increase of X%. As a result, production attained the peak level of $X. From 2014 to 2022, production growth remained at a somewhat lower figure.

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Exports of Crabs and Crab Meat

Exports from Singapore

After three years of growth, overseas shipments of crabs and crab meat decreased by X% to X tons in 2022. In general, exports continue to indicate a noticeable slump. The most prominent rate of growth was recorded in 2019 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2021, and then contracted remarkably in the following year.

In value terms, crab and crab meat exports reduced dramatically to $X in 2022. Over the period under review, total exports indicated a prominent increase 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. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2015; however, from 2016 to 2022, the exports remained at a lower figure.

Exports by Country

Australia (X tons), Japan (X tons) and South Africa (X tons) were the main destinations of crab and crab meat exports from Singapore, together comprising X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X), Australia ($X) and Malaysia ($X) constituted the largest markets for crab and crab meat exported from Singapore worldwide, with a combined X% share of total exports. South Africa, Indonesia, Japan, Thailand and Hong Kong SAR lagged somewhat behind, together comprising a further X%.

Japan, with a CAGR of X%, saw the highest rates of growth with regard to 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

In 2022, the average crab and crab meat export price amounted to $X per ton, surging by X% against the previous year. Overall, the export price enjoyed strong growth. Over the period under review, the average export prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Japan ($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 Qatar (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports into Singapore

In 2022, purchases abroad of crabs and crab meat was finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Over the period under review, imports, however, recorded a perceptible shrinkage. The pace of growth was the most pronounced in 2019 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, crab and crab meat imports skyrocketed to $X in 2022. In general, imports, however, saw a relatively flat trend pattern. Over the period under review, imports attained the maximum at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

Indonesia (X tons), India (X tons) and Malaysia (X tons) were the main suppliers of crab and crab meat imports to Singapore, with a combined X% share of total imports.

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

In value terms, the largest crab and crab meat suppliers to Singapore were India ($X), Indonesia ($X) and Malaysia ($X), with a combined X% share of total imports.

Malaysia, with a CAGR of X%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crab and crab meat import price stood at $X per ton in 2022, with an increase of X% against the previous year. Over the last decade, it increased at an average annual rate of X%. As a result, import price attained 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 South Korea ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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