Asia: Crabs, Not Frozen Market 2024

Crabs, Not Frozen Market Size in Asia

The Asian crabs, not frozen market stood at $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption, however, saw a deep slump. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Crabs, Not Frozen Production in Asia

In value terms, crabs, not frozen production reached $X in 2022 estimated in export price. The total production indicated a buoyant expansion from 2012 to 2022: its value increased at an average annual rate of +5.7% 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 -1.4% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 50% against the previous year. The level of production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Crabs, Not Frozen Exports

Exports in Asia

After two years of growth, shipments abroad of crabs, not frozen decreased by -2.2% to X tons in 2022. Overall, exports continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2013 with an increase of 19%. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, crabs, not frozen exports declined to $X in 2022. In general, exports recorded a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 43% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports failed to regain momentum.

Exports by Country

In 2022, Bangladesh (X tons) and Pakistan (X tons) represented the main exporters of crabs, not frozen in Asia, together amounting to approx. 57% of total exports. Bahrain (X tons) ranks next in terms of the total exports with a 14% share, followed by Democratic People's Republic of Korea (11%) and South Korea (8.4%). The following exporters - Malaysia (X tons) and India (X tons) - each amounted to a 7.8% share of total exports.

From 2012 to 2022, the biggest increases were recorded for Bahrain (with a CAGR of +53.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest crabs, not frozen supplying countries in Asia were Bangladesh ($X), South Korea ($X) and Pakistan ($X), with a combined 77% share of total exports. Democratic People's Republic of Korea, India, Malaysia and Bahrain lagged somewhat behind, together comprising a further 20%.

Malaysia, with a CAGR of +40.7%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Asia stood at $X per ton in 2022, waning by -2.7% against the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +4.3% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crabs, not frozen export price increased by +53.7% against 2017 indices. The most prominent rate of growth was recorded in 2019 an increase of 32% against the previous year. Over the period under review, the export prices hit record highs at $X per ton in 2021, and then declined slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bangladesh (+14.3%), while the other leaders experienced more modest paces of growth.

Crabs, Not Frozen Imports

Imports in Asia

In 2022, overseas purchases of crabs, not frozen were finally on the rise to reach X tons after five years of decline. Over the period under review, imports, however, faced a abrupt downturn. The most prominent rate of growth was recorded in 2016 when imports increased by 14% against the previous year. As a result, imports reached the peak of X tons. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, crabs, not frozen imports fell modestly to $X in 2022. In general, imports, however, continue to indicate a abrupt contraction. The pace of growth was the most pronounced in 2014 when imports increased by 11% against the previous year. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

South Korea was the major importer of crabs, not frozen in Asia, with the volume of imports reaching X tons, which was near 41% of total imports in 2022. Malaysia (X tons) held an 18% share (based on physical terms) of total imports, which put it in second place, followed by Singapore (15%), Hong Kong SAR (14%) and Taiwan (Chinese) (7.1%). Macao SAR (X tons) took a little share of total imports.

South Korea was also the fastest-growing in terms of the crabs, not frozen imports, with a CAGR of +4.3% from 2012 to 2022. At the same time, Malaysia (+2.5%) displayed positive paces of growth. Macao SAR experienced a relatively flat trend pattern. By contrast, Hong Kong SAR (-2.5%), Singapore (-2.8%) and Taiwan (Chinese) (-6.8%) illustrated a downward trend over the same period. From 2012 to 2022, the share of South Korea, Malaysia, Singapore, Hong Kong SAR, Taiwan (Chinese) and Macao SAR increased by +32, +13, +8.1, +7.9, +2.3 and +1.5 percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported crabs, not frozen in Asia, comprising 62% of total imports. The second position in the ranking was taken by Singapore ($X), with a 22% share of total imports. It was followed by Malaysia, with a 5.7% share.

In South Korea, crabs, not frozen imports expanded at an average annual rate of +15.3% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Singapore (+1.0% per year) and Malaysia (+1.4% per year).

Import Prices by Country

The import price in Asia stood at $X per ton in 2022, reducing by -3% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.6%. The most prominent rate of growth was recorded in 2013 an increase of 16% against the previous year. Over the period under review, import prices reached the maximum at $X per ton in 2021, and then fell slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.6%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform

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