Overview of the Global Market for Crabs and Crab Meat

Market Size for Crabs and Crab Meat

The global crab and crab meat market was estimated at $X in 2022, standing approx. at the previous year. The market value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. Over the period under review, the global market reached the maximum level at $X in 2015; however, from 2016 to 2022, consumption failed to regain momentum.

Production of Crabs and Crab Meat

In value terms, crab and crab meat production rose modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2022, global production growth remained at a somewhat lower figure.

Exports of Crabs and Crab Meat

Exports

In 2022, the amount of crabs and crab meat exported worldwide rose modestly to X tons, surging by X% against the previous year's figure. The total export volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The global exports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, crab and crab meat exports dropped to $X in 2022. Over the period under review, exports posted resilient growth. The growth pace was the most rapid in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X, and then shrank in the following year.

Exports by Country

Russia (X tons) and Canada (X tons) were the largest exporters of crabs and crab meat in 2022, reaching near X% and X% of total exports, respectively. China (X tons) held the next position in the ranking, followed by Myanmar (X tons). All these countries together took approx. X% share of total exports. Indonesia (X tons), the United States (X tons), Vietnam (X tons), Bahrain (X tons), Pakistan (X tons), the UK (X tons), Bangladesh (X tons), South Korea (X tons) and Tunisia (X tons) took a relatively small share of total exports.

From 2012 to 2022, the biggest increases were recorded for Tunisia (with a CAGR of X%), while shipments for the other global leaders experienced more modest paces of growth.

In value terms, the largest crab and crab meat supplying countries worldwide were Russia ($X), Canada ($X) and China ($X), together comprising X% of global exports. The United States, South Korea, Indonesia, Vietnam, Myanmar, the UK, Bangladesh, Bahrain, Pakistan and Tunisia lagged somewhat behind, together comprising a further X%.

In terms of the main exporting countries, Tunisia, with a CAGR of X%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average crab and crab meat export price stood at $X per ton in 2022, falling by X% against the previous year. Overall, export price indicated a strong expansion 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, crab and crab meat export price increased by X% against 2013 indices. The pace of growth appeared the most rapid in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then declined in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Russia (X%), while the other global leaders experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports

In 2022, the amount of crabs and crab meat imported worldwide amounted to X tons, with an increase of X% against the previous year. The total import volume increased at an average annual rate of X% over the period from 2012 to 2022; the trend pattern remained consistent, with only minor fluctuations throughout the analyzed period. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, global imports reached the peak figure in 2022 and are likely to see gradual growth in the immediate term.

In value terms, crab and crab meat imports fell to $X in 2022. In general, imports recorded prominent growth. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, imports attained the peak of $X, and then declined in the following year.

Imports by Country

China (X tons) and the United States (X tons) represented the key importers of crabs and crab meat in 2022, recording approx. X% and X% of total imports, respectively. South Korea (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Thailand (X%) and Japan (X%). The following importers - France (X tons), Canada (X tons), Indonesia (X tons), Spain (X tons), Vietnam (X tons), Hong Kong SAR (X tons) and Taiwan (Chinese) (X tons) - together made up X% of total imports.

From 2012 to 2022, the biggest increases were recorded for Thailand (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the United States ($X), China ($X) and South Korea ($X) appeared to be the countries with the highest levels of imports in 2022, together accounting for X% of global imports. Japan, Canada, France, Hong Kong SAR, Indonesia, Vietnam, Thailand, Spain and Taiwan (Chinese) lagged somewhat behind, together comprising a further X%.

Thailand, with a CAGR of X%, saw the highest growth rate of the value of imports, among the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average crab and crab meat import price amounted to $X per ton, with a decrease of X% against the previous year. Over the period under review, import price indicated strong growth 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, crab and crab meat import price increased by X% against 2012 indices. The pace of growth was the most pronounced in 2021 when the average import price increased by X% against the previous year. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the United States ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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