U.S.: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in the U.S.

In 2023, the U.S. market for frozen crabs and crabs meat decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption, however, showed temperate growth. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption remained at a lower figure.

Production of Frozen Crabs And Crabs Meat in the U.S.

In value terms, frozen crab and crab meat production shrank slightly to $X in 2023. Overall, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X% against the previous year. As a result, production attained the peak level of $X. From 2018 to 2023, production growth failed to regain momentum.

Exports of Frozen Crabs And Crabs Meat

Exports from the U.S.

Frozen crab and crab meat exports from the United States contracted markedly to X tons in 2023, with a decrease of X% on 2022. Overall, exports recorded a abrupt slump. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. The exports peaked at X tons in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

In value terms, frozen crab and crab meat exports fell significantly to $X in 2023. In general, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2021 with an increase of X%. The exports peaked at $X in 2012; however, from 2013 to 2023, the exports failed to regain momentum.

Exports by Country

Canada (X tons), Japan (X tons) and China (X tons) were the main destinations of frozen crab and crab meat exports from the United States, together accounting for X% of total exports. Indonesia, Vietnam and Mexico lagged somewhat behind, together comprising a further X%.

From 2012 to 2023, the biggest increases were recorded for Mexico (with a CAGR of X%), while shipments for the other leaders experienced a decline.

In value terms, the largest markets for frozen crab and crab meat exported from the United States were Canada ($X), Japan ($X) and China ($X), with a combined X% share of total exports. Indonesia, Vietnam and Mexico lagged somewhat behind, together comprising a further X%.

Vietnam, with a CAGR of X%, recorded the highest growth rate of the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

The average export price for frozen crabs and crabs meat stood at $X per ton in 2023, waning by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The growth pace was the most rapid in 2017 an increase of X% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2023, the export prices failed to regain momentum.

There were significant differences in the average prices for the major foreign markets. In 2023, amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports into the U.S.

In 2023, supplies from abroad of frozen crabs and crabs meat decreased by X% to X tons, falling for the second year in a row after three years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2013 with an increase of X%. Imports peaked at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, frozen crab and crab meat imports reduced notably to $X in 2023. In general, imports, however, recorded a tangible expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, Canada (X tons) constituted the largest supplier of frozen crab and crab meat to the United States, with a X% share of total imports. Moreover, frozen crab and crab meat imports from Canada exceeded the figures recorded by the second-largest supplier, Norway (X tons), more than tenfold. China (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume from Canada amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and China (X% per year).

In value terms, Canada ($X) constituted the largest supplier of frozen crabs and crabs meat to the United States, comprising X% of total imports. The second position in the ranking was taken by Norway ($X), with a X% share of total imports. It was followed by Argentina, with a X% share.

From 2012 to 2023, the average annual growth rate of value from Canada stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Norway (X% per year) and Argentina (X% per year).

Import Prices by Country

The average import price for frozen crabs and crabs meat stood at $X per ton in 2023, falling by X% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the average import price increased by X%. As a result, import price reached the peak level of $X per ton. From 2022 to 2023, the average import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Argentina ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Russia (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform