United Kingdom: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in the UK

The UK market for prepared or preserved crab meat dropped to $X in 2022, declining by X% against the previous year. In general, consumption recorded a perceptible decrease. Prepared or preserved crab meat consumption peaked at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Prepared Or Preserved Crab Meat in the UK

In value terms, prepared or preserved crab meat production declined to $X in 2022 estimated in export price. Overall, production recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the production volume increased by X% against the previous year. Prepared or preserved crab meat production peaked at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

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Exports of Prepared Or Preserved Crab Meat

Exports from the UK

In 2022, overseas shipments of prepared or preserved crab meat increased by X% to X tons, rising for the second year in a row after three years of decline. In general, exports showed a notable increase. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports remained at a lower figure.

In value terms, prepared or preserved crab meat exports surged to $X in 2022. Over the period under review, exports posted buoyant growth. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

France (X tons) was the main destination for prepared or preserved crab meat exports from the UK, accounting for a X% share of total exports. Moreover, prepared or preserved crab meat exports to France exceeded the volume sent to the second major destination, China (X tons), threefold. The third position in this ranking was taken by South Korea (X tons), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to France amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

In value terms, France ($X) remains the key foreign market for prepared or preserved crab meat exports from the UK, comprising X% of total exports. The second position in the ranking was taken by China ($X), with an X% share of total exports. It was followed by South Korea, with a X% share.

From 2012 to 2022, the average annual growth rate of value to France stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: China (X% per year) and South Korea (X% per year).

Export Prices by Country

In 2022, the average export price for prepared or preserved crab meat amounted to $X per ton, falling by X% against the previous year. Overall, the export price, however, enjoyed prominent growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then shrank in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($X per ton), while the average price for exports to Hong Kong SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Ireland (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Crab Meat

Imports into the UK

In 2022, supplies from abroad of prepared or preserved crab meat increased by X% to X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports, however, saw a abrupt decrease. Imports peaked at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, prepared or preserved crab meat imports soared to $X in 2022. In general, imports continue to indicate a relatively flat trend pattern. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

Vietnam (X tons), Indonesia (X tons) and Norway (X tons) were the main suppliers of prepared or preserved crab meat imports to the UK, together accounting for X% of total imports. Sri Lanka, China, Thailand, Denmark, Spain and France lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Sri Lanka (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Indonesia ($X), Vietnam ($X) and Sri Lanka ($X) appeared to be the largest prepared or preserved crab meat suppliers to the UK, with a combined X% share of total imports.

Sri Lanka, with a CAGR of X%, recorded the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for prepared or preserved crab meat stood at $X per ton in 2022, surging by X% against the previous year. Over the period under review, import price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, prepared or preserved crab meat import price increased by X% against 2020 indices. The pace of growth was the most pronounced in 2017 when the average import price increased by X% against the previous year. The import price peaked in 2022 and is likely to see gradual growth in the immediate term.

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

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

Source: IndexBox Platform

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