Argentina: Crabs, Not Frozen Market 2024

Crabs, Not Frozen Market Size in Argentina

The Argentinian crabs, not frozen market stood at $X in 2022, remaining constant against the previous year. Over the period under review, consumption, however, saw a buoyant expansion. Crabs, not frozen consumption peaked at $X in 2020; however, from 2021 to 2022, consumption stood at a somewhat lower figure.

Crabs, Not Frozen Production in Argentina

In value terms, crabs, not frozen production expanded to $X in 2022 estimated in export price. Overall, the total production indicated strong growth from 2012 to 2022: its value increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.6% against 2020 indices. The growth pace was the most rapid in 2013 with an increase of 33% against the previous year. Crabs, not frozen production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Crabs, Not Frozen Exports

Exports from Argentina

In 2016, shipments abroad of crabs, not frozen decreased by -80.2% to X kg for the first time since 2012, thus ending a three-year rising trend. In general, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 288% against the previous year. The exports peaked at X kg in 2015, and then declined remarkably in the following year.

In value terms, crabs, not frozen exports contracted markedly to $X in 2016. Overall, exports, however, recorded significant growth. The most prominent rate of growth was recorded in 2014 when exports increased by 296%. The exports peaked at $X in 2015, and then fell significantly in the following year.

Exports by Country

Slovenia (X kg) was the main destination for crabs, not frozen exports from Argentina, with a 77% share of total exports. Moreover, crabs, not frozen exports to Slovenia exceeded the volume sent to the second major destination, Maldives (X kg), fivefold.

From 2013 to 2016, the average annual growth rate of volume to Slovenia amounted to +12.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Maldives (0.0% per year) and Canada (0.0% per year).

In value terms, the largest markets for crabs, not frozen exported from Argentina were Slovenia ($X), Maldives ($X) and Canada ($X), together comprising 99% of total exports.

Among the main countries of destination, Slovenia, with a CAGR of +8.0%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crabs, not frozen export price stood at $X per ton in 2016, increasing by 55% against the previous year. Over the period under review, export price indicated a strong increase from 2013 to 2016: its price increased at an average annual rate of +6.2% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2016, amid the top suppliers, the country with the highest price was Maldives ($X per ton), while the average price for exports to Slovenia ($X per ton) was amongst the lowest.

From 2013 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to Slovenia (-4.2%).

Crabs, Not Frozen Imports

Imports into Argentina

After five years of growth, overseas purchases of crabs, not frozen decreased by -3% to X kg in 2022. Over the period under review, imports, however, showed a resilient increase. The growth pace was the most rapid in 2017 when imports increased by 178%. Over the period under review, imports attained the peak figure at X kg in 2021, and then declined modestly in the following year.

In value terms, crabs, not frozen imports fell to $X in 2022. Overall, imports, however, recorded temperate growth. The growth pace was the most rapid in 2017 with an increase of 143% against the previous year. Over the period under review, imports reached the peak figure at $X in 2015; however, from 2016 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the United States (X kg) constituted the largest crabs, not frozen supplier to Argentina, with a 63% share of total imports. Moreover, crabs, not frozen imports from the United States exceeded the figures recorded by the second-largest supplier, Singapore (X kg), threefold. The Philippines (X kg) ranked third in terms of total imports with a 9.2% share.

From 2012 to 2022, the average annual growth rate of volume from the United States totaled +31.5%. The remaining supplying countries recorded the following average annual rates of imports growth: Singapore (+24.6% per year) and the Philippines (+2.5% per year).

In value terms, the largest crabs, not frozen suppliers to Argentina were the United States ($X), the Philippines ($X) and Singapore ($X), with a combined 79% share of total imports.

Singapore, with a CAGR of +47.2%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average crabs, not frozen import price amounted to $X per ton, almost unchanged from the previous year. Over the period under review, the import price, however, recorded a abrupt decline. The most prominent rate of growth was recorded in 2015 an increase of 15% against the previous year. Over the period under review, average import prices attained the peak figure at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the Philippines ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Nicaragua (+75.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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