Thailand: Crabs, Not Frozen Market 2024

Crabs, Not Frozen Market Size in Thailand

The Thai crabs, not frozen market totaled less than $X in 2022, almost unchanged from the previous year. Over the period under review, consumption, however, saw significant growth. Crabs, not frozen consumption peaked at $X in 2016; however, from 2017 to 2022, consumption remained at a lower figure.

Crabs, Not Frozen Production in Thailand

In value terms, crabs, not frozen production stood at less than $X in 2022 estimated in export price. In general, production saw a relatively flat trend pattern.

Crabs, Not Frozen Exports

Exports from Thailand

In 2016, after three years of decline, there was significant growth in shipments abroad of crabs, not frozen, when their volume increased by 86% to X tons. In general, exports, however, showed a relatively flat trend pattern. The exports peaked at X tons in 2012; afterwards, it flattened through to 2016.

In value terms, crabs, not frozen exports skyrocketed to $X in 2016. Over the period under review, exports, however, saw a abrupt shrinkage. The exports peaked at $X in 2012; however, from 2013 to 2016, the exports stood at a somewhat lower figure.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and Malaysia (X tons) were the main destinations of crabs, not frozen exports from Thailand, together comprising 91% of total exports.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Malaysia (with a CAGR of +300.9%), while the other leaders experienced more modest paces of growth.

In value terms, China ($X) remains the key foreign market for crabs, not frozen exports from Thailand, comprising 62% of total exports. The second position in the ranking was held by Taiwan (Chinese) ($X), with a 21% share of total exports. It was followed by Malaysia, with a 7.4% share.

From 2012 to 2016, the average annual growth rate of value to China totaled +27.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Taiwan (Chinese) (-1.8% per year) and Malaysia (+213.3% per year).

Export Prices by Country

In 2016, the average crabs, not frozen export price amounted to $X per ton, shrinking by -17.4% against the previous year. Over the period under review, the export price saw a abrupt decline. The growth pace was the most rapid in 2014 when the average export price increased by 9.6% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2016, 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 Myanmar ($X per ton), while the average price for exports to Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Cambodia (+12.2%), while the prices for the other major destinations experienced mixed trend patterns.

Crabs, Not Frozen Imports

Imports into Thailand

In 2016, purchases abroad of crabs, not frozen increased by 65% to X tons, rising for the second consecutive year after two years of decline. Overall, imports recorded significant growth. The growth pace was the most rapid in 2015 when imports increased by 114% against the previous year. Imports peaked in 2016 and are likely to see steady growth in the immediate term.

In value terms, crabs, not frozen imports soared to $X in 2016. In general, imports enjoyed a significant increase. The most prominent rate of growth was recorded in 2015 when imports increased by 183%. Over the period under review, imports hit record highs in 2016 and are expected to retain growth in years to come.

Imports by Country

Myanmar (X tons), Cambodia (X tons) and India (X tons) were the main suppliers of crabs, not frozen imports to Thailand, together accounting for 77% of total imports. Malaysia, Indonesia, Vietnam, Bangladesh and Pakistan lagged somewhat behind, together accounting for a further 21%.

From 2012 to 2016, the biggest increases were recorded for Indonesia (with a CAGR of +581.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Myanmar ($X) constituted the largest supplier of crabs, not frozen to Thailand, comprising 41% of total imports. The second position in the ranking was held by India ($X), with an 11% share of total imports. It was followed by Indonesia, with an 11% share.

From 2012 to 2016, the average annual growth rate of value from Myanmar stood at +32.2%. The remaining supplying countries recorded the following average annual rates of imports growth: India (+175.4% per year) and Indonesia (+695.5% per year).

Import Prices by Country

In 2016, the average crabs, not frozen import price amounted to $X per ton, growing by 2.8% against the previous year. Over the period under review, import price indicated a strong expansion from 2012 to 2016: its price increased at an average annual rate of +11.0% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, crabs, not frozen import price increased by +51.7% against 2012 indices. The most prominent rate of growth was recorded in 2015 an increase of 32% against the previous year. The import price peaked in 2016 and is likely to see gradual growth in the near future.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Cambodia ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by Bahrain (+154.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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