World - Frozen Crustaceans - Market Analysis, Forecast, Size, Trends And Insights
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Frozen crustaceans market: get access to recently published info enhanced by an Ai-driven BI tool. Information cover companies, production, trade, exports, imports, consumption, market size, and market prices. Here is a split by country, including Russia, EU, the Middle East, the U.K., China, Latin America, the U.S., and Africa. Market trends and forecast to 2030 are also featured in the snapshots.
Frozen Crustaceans - World's Largest Markets
| Rating | Country |
|---|---|
| 1 | United States |
| 2 | China |
| 3 | Russia |
| 4 | Iceland |
| 5 | India |
In value terms, the largest frozen crustaceans markets worldwide were the United States, China and Russia, with a combined 31% share of the global market.
Russia recorded the highest rates of growth with regard to market size, in terms of the main consuming countries over the period under review, while frozen crustaceans market for the other global leaders experienced more modest paces of growth.
Frozen Crustaceans Prices
Lowest Prices - FOB - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Ecuador | 6392 | 6021 | 5556 | -6.8% |
| Argentina | 7082 | 7675 | 6496 | -4.2% |
| China | 7185 | 8275 | 6831 | -2.5% |
| India | 7479 | 7232 | 7216 | -1.8% |
| Vietnam | 10094 | 9799 | 8226 | -9.7% |
| Indonesia | 9065 | 8594 | 8632 | -2.4% |
| Netherlands | 10053 | 8431 | 8951 | -5.6% |
| Thailand | 9872 | 10262 | 10213 | 1.7% |
| Canada | 14349 | 15275 | 13890 | -1.6% |
| Russia | 13580 | 16556 | 18630 | 17.1% |
| Average | 8348 | 8271 | 7697 | -4.0% |
Prices varied noticeably by the country of origin; the country with the highest price was Russia ($18,630 per ton), while Ecuador ($5,556 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Russia, while the other global leaders experienced mixed trends in the export price figures.
Highest Prices - CIF - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| USD per ton | ||||
| Japan | 9951 | 9590 | 10222 | 1.4% |
| United Kingdom | 10239 | 10158 | 9851 | -1.9% |
| Netherlands | 9006 | 8030 | 8786 | -1.2% |
| United States | 10885 | 10932 | 8680 | -10.7% |
| France | 8947 | 8456 | 8099 | -4.9% |
| Italy | 8502 | 7980 | 7240 | -7.7% |
| Spain | 7824 | 7415 | 6934 | -5.9% |
| South Korea | 7421 | 6933 | 6731 | -4.8% |
| China | 7550 | 6434 | 5821 | -12.2% |
| Russia | 6364 | 6032 | 5524 | -6.8% |
| Denmark | 4907 | 5572 | 4921 | 0.1% |
| Average | 8862 | 8177 | 7514 | -7.9% |
There were significant differences in the average prices amongst the major importing countries. In 2020, the country with the highest price was Japan ($10,222 per ton), while Denmark ($4,921 per ton) was amongst the lowest.
From 2018 to 2020, the most notable rate of growth in terms of prices was attained by Japan, while the other global leaders experienced mixed trends in the import price figures.
Frozen Crustaceans - Top Importers
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| United States | 6.9 | 7.2 | 7.1 | 1.7% |
| China | 2 | 4.6 | 3.6 | 33.1% |
| Japan | 1.8 | 1.8 | 1.9 | 2.5% |
| Spain | 1.4 | 1.3 | 1.1 | -9.9% |
| France | 0.8 | 0.9 | 0.9 | 8.3% |
In value terms, the largest frozen crustaceans importing markets worldwide were the United States ($7.1B), China ($3.6B) and Japan ($1.9B), together accounting for 58% of global imports.
China recorded the highest rates of growth with regard to the value of imports, in terms of the main importing countries over the period under review, while purchases for the other global leaders experienced more modest paces of growth.
Frozen Crustaceans - Top Exporters
| COUNTRY | 2018 | 2019 | 2020 | CAGR, 2018-2020 |
|---|---|---|---|---|
| billion USD | ||||
| Ecuador | 3.2 | 3.9 | 3.8 | 8.7% |
| India | 4.4 | 4.6 | 3.8 | -6.9% |
| Vietnam | 2 | 2 | 2 | -0.9% |
| Canada | 1.9 | 2.1 | 1.7 | -5.3% |
| Indonesia | 1.4 | 1.3 | 1.4 | 2.2% |
In value terms, Ecuador ($3.8B), India ($3.8B) and Vietnam ($2B) constituted the countries with the highest levels of exports in 2020, with a combined 46% share of global exports. Canada, Indonesia, Russia, Argentina, China, Thailand and the Netherlands lagged somewhat behind, together comprising a further 32%.
Among the main exporting countries, Russia 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.
Frozen Crustaceans - Market Forecast
Driven by rising demand for frozen crustaceans worldwide, the market is expected to start an upward consumption trend over the next decade. The performance of the market is forecast to increase slightly, with an anticipated CAGR of for the period from 2020 to 2030, which is projected to bring the market volume to by the end of 2030.
Frozen Crustaceans - Product Coverage
- HS 030611 - Crustaceans; rock lobsters and other sea crawfish (palinurus spp., panulirus spp., jasus spp.), frozen (whether in shell or not, whether or not cooked by steaming or by boiling in water)
- HS 030612 - Crustaceans; lobsters (homarus spp.), frozen (whether in shell or not, whether or not cooked by steaming or by boiling in water)
- HS 030613 - Crustaceans; shrimps and prawns, frozen (whether in shell or not, whether or not cooked by steaming or by boiling in water)
- HS 030614 - Crustaceans; frozen, crabs, in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water
- HS 030615 - Crustaceans; frozen, Norway lobsters (Nephrops norvegicus), in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water
- HS 030616 - Crustaceans; frozen, cold-water shrimps and prawns (Pandalus spp., Crangon crangon), in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water
- HS 030617 - Crustaceans; frozen, shrimps and prawns, excluding cold-water varieties, in shell or not, smoked, cooked or not before or during smoking; in shell, cooked by steaming or by boiling in water
- HS 030619 - Crustaceans; frozen, n.e.s. in item no. 0306.1 (whether in shell or not, whether or not cooked by steaming or by boiling in water)
This report provides an in-depth analysis of the global frozen crustaceans market. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10203100 - Frozen crustaceans, frozen flours, meals and pellets of crustaceans, fit for human consumption
Country coverage:
Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:
- USA
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
+ the largest producing countries
Data coverage:
- Global market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Global production, split by region and country
- Global trade (exports and imports)
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
-
1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- CONSUMPTION BY COUNTRY
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. GLOBAL PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
- PRODUCTION BY COUNTRY
8. GLOBAL IMPORTS
The Largest Importers on The Market and How They Succeed
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. GLOBAL EXPORTS
The Largest Exporters on The Market and How They Succeed
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
11. COUNTRY PROFILES
The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO- United States
- China
- Japan
- Germany
- United Kingdom
- France
- Brazil
- Italy
- Russian Federation
- India
- Canada
- Australia
- Republic of Korea
- Spain
- Mexico
- Indonesia
- Netherlands
- Turkey
- Saudi Arabia
- Switzerland
- Sweden
- Nigeria
- Poland
- Belgium
- Argentina
- Norway
- Austria
- Thailand
- United Arab Emirates
- Colombia
- Denmark
- South Africa
- Malaysia
- Israel
- Singapore
- Egypt
- Philippines
- Finland
- Chile
- Ireland
- Pakistan
- Greece
- Portugal
- Kazakhstan
- Algeria
- Czech Republic
- Qatar
- Peru
- Romania
- Vietnam
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LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption, By Country, 2018–2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Destination, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Origin, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Consumption, By Country, 2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Production, By Country, 2023
- Production, In Physical Terms, By Country, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, 2012–2023
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Explore the top import markets for frozen crustaceans, including the United States, China, and Japan. Find key statistics and insights on the global market for these delectable seafood delicacies.
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This year, the average annual shrimp price is forecast to soar by 7% y-o-y to $15 per kg. High freight rates, the rising cost of marine fuels and boosting global demand for crustaceans remain the key reasons for the price increases. In 2021, the average annual shrimp price ($12.7 per kg) was approximately 10% higher than those of 2020.
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Explore the world's best import markets for crab and crab meat, including the United States, China, South Korea, and more. Discover key statistics and market insights.
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In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.
