Asia: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in Asia

The Asian crab and crab meat market dropped to $X in 2021, falling by -2% against the previous year. The market value increased at an average annual rate of +1.3% over the period from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded in certain years. As a result, consumption reached the peak level of $X. From 2015 to 2021, the growth of the market remained at a lower figure.

Production of Crabs and Crab Meat in Asia

In value terms, crab and crab meat production contracted modestly to $X in 2021 estimated in export price. In general, production, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 with an increase of 23% against the previous year. As a result, production reached the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Crabs and Crab Meat

Exports in Asia

Crab and crab meat exports soared to X tons in 2021, surging by 17% on 2020 figures. Over the period under review, exports recorded a relatively flat trend pattern. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, crab and crab meat exports skyrocketed to $X in 2021. In general, exports showed a relatively flat trend pattern. The level of export peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

In 2021, China (X tons) represented the main exporter of crabs and crab meat, constituting 28% of total exports. Indonesia (X tons) held an 11% share (based on physical terms) of total exports, which put it in second place, followed by Myanmar (11%), Bahrain (10%), Pakistan (7%), Bangladesh (6%) and Malaysia (4.8%). The following exporters - Thailand (X tons), Vietnam (X tons), India (X tons), South Korea (X tons) and Hong Kong SAR (X tons) - together made up 17% of total exports.

China experienced a relatively flat trend pattern with regard to volume of exports of crabs and crab meat. At the same time, Malaysia (+24.1%), Bahrain (+12.9%), Thailand (+5.9%), Myanmar (+3.4%), Vietnam (+2.9%) and Bangladesh (+1.3%) displayed positive paces of growth. Moreover, Malaysia emerged as the fastest-growing exporter exported in Asia, with a CAGR of +24.1% from 2012-2021. Pakistan experienced a relatively flat trend pattern. By contrast, South Korea (-1.4%), India (-1.5%), Indonesia (-2.5%) and Hong Kong SAR (-5.7%) illustrated a downward trend over the same period. Bahrain (+6.3 p.p.), Malaysia (+4.1 p.p.), Myanmar (+2.1 p.p.) and Thailand (+1.5 p.p.) significantly strengthened its position in terms of the total exports, while Hong Kong SAR and Indonesia saw its share reduced by -1.8% and -4.2% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest crab and crab meat supplier in Asia, comprising 32% of total exports. The second position in the ranking was taken by Indonesia ($X), with a 10% share of total exports. It was followed by Myanmar, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. In the other countries, the average annual rates were as follows: Indonesia (-6.2% per year) and Myanmar (-1.6% per year).

Export Prices by Country

The export price in Asia stood at $X per ton in 2021, surging by 3% against the previous year. Overall, the export price, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when the export price increased by 17%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+4.9%), while the other leaders experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports in Asia

In 2021, supplies from abroad of crabs and crab meat increased by 8.1% to X tons for the first time since 2018, thus ending a two-year declining trend. Over the period under review, imports saw a relatively flat trend pattern. The volume of import peaked at X tons in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

In value terms, crab and crab meat imports skyrocketed to $X in 2021. Total imports indicated strong growth from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

China represented the major importing country with an import of around X tons, which finished at 40% of total imports. It was distantly followed by South Korea (X tons), Japan (X tons) and Thailand (X tons), together comprising a 41% share of total imports. The following importers - Hong Kong SAR (X tons), Indonesia (X tons) and Malaysia (X tons) - together made up 10% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Thailand (with a CAGR of +20.9%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constitutes the largest market for imported crabs and crab meat in Asia, comprising 46% of total imports. The second position in the ranking was held by Japan ($X), with a 20% share of total imports. It was followed by South Korea, with a 20% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China amounted to +13.4%. The remaining importing countries recorded the following average annual rates of imports growth: Japan (-2.6% per year) and South Korea (+12.9% per year).

Import Prices by Country

In 2021, the import price in Asia amounted to $X per ton, growing by 21% against the previous year. Import price indicated a strong increase from 2012 to 2021: its price increased at an average annual rate of +6.0% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crab and crab meat import price increased by +70.6% against 2013 indices. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Japan ($X per ton), while Thailand ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Japan (+9.5%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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