United Kingdom: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in the UK

The UK market for frozen crabs and crabs meat surged to $X in 2023, growing by X% against the previous year. Overall, consumption posted strong growth. Frozen crab and crab meat consumption peaked in 2023 and is expected to retain growth in the immediate term.

Production of Frozen Crabs And Crabs Meat in the UK

In value terms, frozen crab and crab meat production expanded slightly to $X in 2023 estimated in export price. In general, production enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. Frozen crab and crab meat production peaked at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Frozen Crabs And Crabs Meat

Exports from the UK

Frozen crab and crab meat exports from the UK fell to X tons in 2023, which is down by X% against 2022 figures. Over the period under review, exports saw a slight contraction. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2018; however, from 2019 to 2023, the exports stood at a somewhat lower figure.

In value terms, frozen crab and crab meat exports contracted dramatically to $X in 2023. In general, exports, however, posted perceptible growth. The pace of growth was the most pronounced in 2018 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2019 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

France (X tons), China (X tons) and Hong Kong SAR (X tons) were the main destinations of frozen crab and crab meat exports from the UK, together accounting for X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen crab and crab meat exported from the UK were France ($X), China ($X) and Hong Kong SAR ($X), with a combined X% share of total exports.

Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of 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 2023, the average export price for frozen crabs and crabs meat amounted to $X per ton, waning by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The most prominent rate of growth was recorded in 2018 an increase of X%. The export price peaked at $X per ton in 2022, and then dropped in the following year.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while the average price for exports to Ireland ($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 Spain (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 UK

In 2023, supplies from abroad of frozen crabs and crabs meat increased by X% to X tons, rising for the second consecutive year after two years of decline. In general, total imports indicated a mild expansion from 2012 to 2023: its volume increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports increased by X% against 2021 indices. The pace of growth was the most pronounced in 2019 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, frozen crab and crab meat imports fell dramatically to $X in 2023. Overall, total imports indicated a slight expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, imports decreased by X% against 2019 indices. The most prominent rate of growth was recorded in 2019 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, Ireland (X tons) constituted the largest supplier of frozen crab and crab meat to the UK, with a X% share of total imports. Moreover, frozen crab and crab meat imports from Ireland exceeded the figures recorded by the second-largest supplier, Norway (X tons), fourfold. The third position in this ranking was taken by Myanmar (X tons), with an X% share.

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

In value terms, the largest frozen crab and crab meat suppliers to the UK were Norway ($X), Myanmar ($X) and Ireland ($X), with a combined X% share of total imports.

Among the main suppliers, Myanmar, with a CAGR of X%, saw 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

In 2023, the average import price for frozen crabs and crabs meat amounted to $X per ton, which is down by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the average import price increased by X%. Over the period under review, average import prices reached the peak figure at $X per ton in 2015; however, from 2016 to 2023, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Indonesia ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform