South-Eastern Asia: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in South-Eastern Asia

The Southeast Asian crab and crab meat market stood at $X in 2022, surging by X% against the previous year. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption reached the peak level of $X. From 2018 to 2022, the growth of the market remained at a lower figure.

Production of Crabs and Crab Meat in South-Eastern Asia

In value terms, crab and crab meat production reached $X in 2022 estimated in export price. Overall, production saw a remarkable increase. The most prominent rate of growth was recorded in 2017 with an increase of X%. As a result, production reached the peak level of $X. From 2018 to 2022, production growth remained at a lower figure.

Exports of Crabs and Crab Meat

Exports in South-Eastern Asia

In 2022, shipments abroad of crabs and crab meat increased by X% to X tons, rising for the second year in a row after three years of decline. The total export volume increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2021 when exports increased by X%. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in the near future.

In value terms, crab and crab meat exports expanded modestly to $X in 2022. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of X%. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2022, Myanmar (X tons), Indonesia (X tons) and Vietnam (X tons) represented the major exporter of crabs and crab meat in South-Eastern Asia, comprising X% of total export. Thailand (X tons) ranks next in terms of the total exports with a X% share, followed by Malaysia (X%). The Philippines (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Malaysia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Myanmar ($X) appeared to be the countries with the highest levels of exports in 2022, with a combined X% share of total exports. Thailand, the Philippines and Malaysia lagged somewhat behind, together accounting for a further X%.

Malaysia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in South-Eastern Asia stood at $X per ton in 2022, reducing by X% against the previous year. Overall, the export price recorded a slight descent. The pace of growth appeared the most rapid in 2017 when the export price increased by X%. The level of export peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was the Philippines ($X per ton), while Malaysia ($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 Philippines (X%), while the other leaders experienced a decline in the export price figures.

Imports of Crabs and Crab Meat

Imports in South-Eastern Asia

In 2022, the amount of crabs and crab meat imported in South-Eastern Asia skyrocketed to X tons, picking up by X% on 2021. Over the period under review, imports enjoyed a resilient increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. The volume of import peaked in 2022 and is likely to see steady growth in years to come.

In value terms, crab and crab meat imports surged to $X in 2022. Overall, imports showed prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2022, Thailand (X tons) was the largest importer of crabs and crab meat, mixing up X% of total imports. It was distantly followed by Indonesia (X tons), Vietnam (X tons), Malaysia (X tons) and Singapore (X tons), together achieving a X% share of total imports.

Thailand was also the fastest-growing in terms of the crabs and crab meat imports, with a CAGR of X% from 2012 to 2022. At the same time, Vietnam (X%) and Indonesia (X%) displayed positive paces of growth. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. From 2012 to 2022, the share of Thailand and Vietnam increased by X and X percentage points, respectively.

In value terms, Indonesia ($X), Vietnam ($X) and Thailand ($X) appeared to be the countries with the highest levels of imports in 2022, together comprising X% of total imports.

In terms of the main importing countries, Thailand, 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 import price in South-Eastern Asia stood at $X per ton in 2022, growing by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The level of import peaked at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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 Singapore ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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