Southern Asia: Crabs, Not Frozen Market 2024

Crabs, Not Frozen Market Size in Southern Asia

The South Asian crabs, not frozen market expanded to $X in 2022, with an increase of 3.2% against the previous year. Over the period under review, consumption enjoyed a tangible expansion. Over the period under review, the market hit record highs at $X in 2020; however, from 2021 to 2022, consumption failed to regain momentum.

Crabs, Not Frozen Production in Southern Asia

In value terms, crabs, not frozen production amounted to $X in 2022 estimated in export price. The total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.9% against 2020 indices. The pace of growth was the most pronounced in 2016 when the production volume increased by 18% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Crabs, Not Frozen Exports

Exports in Southern Asia

In 2022, shipments abroad of crabs, not frozen decreased by -1.6% to X tons for the first time since 2017, thus ending a four-year rising trend. The total export volume increased at an average annual rate of +4.3% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2013 with an increase of 38%. Over the period under review, the exports reached the peak figure at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, crabs, not frozen exports dropped modestly to $X in 2022. Over the period under review, exports, however, showed a prominent expansion. The pace of growth appeared the most rapid in 2016 with an increase of 43%. The level of export peaked at $X in 2021, and then shrank modestly in the following year.

Exports by Country

Bangladesh (X tons) and Pakistan (X tons) dominates exports structure, together achieving 93% of total exports. It was distantly followed by India (X tons), comprising a 6.1% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bangladesh (with a CAGR of +11.4%), while shipments for the other leaders experienced mixed trends in the exports figures.

In value terms, Bangladesh ($X) remains the largest crabs, not frozen supplier in Southern Asia, comprising 75% of total exports. The second position in the ranking was held by Pakistan ($X), with a 13% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of value in Bangladesh totaled +27.3%. In the other countries, the average annual rates were as follows: Pakistan (+2.9% per year) and India (-5.8% per year).

Export Prices by Country

The export price in Southern Asia stood at $X per ton in 2022, reducing by -3.4% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +5.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crabs, not frozen export price increased by +92.7% against 2013 indices. The pace of growth appeared the most rapid in 2016 an increase of 33%. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then declined modestly in the following year.

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 India ($X per ton), while Pakistan ($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 (+14.3%), while the other leaders experienced mixed trends in the export price figures.

Crabs, Not Frozen Imports

Imports in Southern Asia

In 2022, supplies from abroad of crabs, not frozen decreased by -1.2% to X tons for the first time since 2017, thus ending a four-year rising trend. Overall, imports, however, showed buoyant growth. The pace of growth appeared the most rapid in 2015 when imports increased by 421% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, crabs, not frozen imports reduced to $X in 2022. Over the period under review, imports, however, showed a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of 722% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then fell slightly in the following year.

Imports by Country

Maldives dominates imports structure, resulting at X tons, which was near 95% of total imports in 2022. Sri Lanka (X kg) took a minor share of total imports.

Maldives was also the fastest-growing in terms of the crabs, not frozen imports, with a CAGR of +19.0% from 2012 to 2022. At the same time, Sri Lanka (+5.8%) displayed positive paces of growth. While the share of Maldives (+20 p.p.) increased significantly in terms of the total imports from 2012-2022, the share of Sri Lanka (-6.3 p.p.) displayed negative dynamics.

In value terms, Maldives ($X) constitutes the largest market for imported crabs, not frozen in Southern Asia, comprising 93% of total imports. The second position in the ranking was held by Sri Lanka ($X), with a 5.2% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of value in Maldives stood at +30.8%.

Import Prices by Country

In 2022, the import price in Southern Asia amounted to $X per ton, which is down by -3.6% against the previous year. Overall, the import price, however, posted buoyant growth. The growth pace was the most rapid in 2015 when the import price increased by 58%. The level of import peaked at $X per ton in 2021, and then dropped modestly in the following year.

Average prices varied somewhat amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Sri Lanka ($X per ton), while Maldives stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sri Lanka (+24.2%).

Source: IndexBox Platform

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