Asia-Pacific: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in Asia-Pacific

After two years of decline, the Asia-Pacific market for frozen crabs and crabs meat increased by 1% to $X in 2021. Overall, consumption continues to indicate a slight downturn. The most prominent rate of growth was recorded in 2018 when the market value increased by 9.7% against the previous year. Over the period under review, the market reached the peak level at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Frozen Crabs And Crabs Meat in Asia-Pacific

In value terms, frozen crab and crab meat production declined to $X in 2021 estimated in export price. Over the period under review, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 with an increase of 14%. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Frozen Crabs And Crabs Meat

Exports in Asia-Pacific

In 2021, exports of frozen crabs and crabs meat in Asia-Pacific rose to X tons, surging by 1.7% against the year before. The total export volume increased at an average annual rate of +1.0% from 2012 to 2021; the trend pattern remained consistent, with somewhat noticeable fluctuations being observed in certain years. The most prominent rate of growth was recorded in 2019 when exports increased by 11% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen crab and crab meat exports expanded notably to $X in 2021. Overall, exports, however, showed a perceptible setback. The most prominent rate of growth was recorded in 2014 when exports increased by 16%. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China represented the key exporting country with an export of about X tons, which resulted at 47% of total exports. It was distantly followed by Democratic People's Republic of Korea (X tons), Pakistan (X tons) and Myanmar (X tons), together achieving a 38% share of total exports. Thailand (X tons), South Korea (X tons) and Vietnam (X tons) followed a long way behind the leaders.

China experienced a relatively flat trend pattern with regard to volume of exports of frozen crabs and crabs meat. At the same time, Democratic People's Republic of Korea (+43.9%), Pakistan (+16.4%) and Myanmar (+1.7%) displayed positive paces of growth. Moreover, Democratic People's Republic of Korea emerged as the fastest-growing exporter exported in Asia-Pacific, with a CAGR of +43.9% from 2012-2021. Thailand experienced a relatively flat trend pattern. By contrast, Vietnam (-7.9%) and South Korea (-10.1%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Democratic People's Republic of Korea and Pakistan increased by +20 and +6.8 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest frozen crab and crab meat supplier in Asia-Pacific, comprising 55% of total exports. The second position in the ranking was held by Myanmar ($X), with a 9.6% share of total exports. It was followed by Democratic People's Republic of Korea, with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value in China was relatively modest. The remaining exporting countries recorded the following average annual rates of exports growth: Myanmar (+0.5% per year) and Democratic People's Republic of Korea (+40.0% per year).

Export Prices by Country

In 2021, the export price in Asia-Pacific amounted to $X per ton, growing by 6.6% against the previous year. Overall, the export price, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2014 an increase of 10%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Vietnam ($X per ton), while Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+1.5%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports in Asia-Pacific

In 2021, purchases abroad of frozen crabs and crabs meat decreased by -2.1% to X tons, falling for the third consecutive year after three years of growth. Overall, imports recorded a pronounced contraction. The most prominent rate of growth was recorded in 2014 when imports increased by 9.9%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, frozen crab and crab meat imports soared to $X in 2021. Over the period under review, imports saw a slight shrinkage. The pace of growth was the most pronounced in 2014 when imports increased by 22%. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

South Korea (X tons), Japan (X tons) and China (X tons) represented roughly 66% of total imports in 2021. It was distantly followed by Indonesia (X tons), Thailand (X tons) and Vietnam (X tons), together achieving a 21% share of total imports. Malaysia (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Thailand (with a CAGR of +21.3%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Japan ($X) constitutes the largest market for imported frozen crabs and crabs meat in Asia-Pacific, comprising 49% of total imports. The second position in the ranking was taken by China ($X), with a 16% share of total imports. It was followed by South Korea, with a 13% share.

In Japan, frozen crab and crab meat imports plunged by an average annual rate of -1.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: China (-1.1% per year) and South Korea (-4.7% per year).

Import Prices by Country

The import price in Asia-Pacific stood at $X per ton in 2021, surging by 23% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.4%. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Malaysia ($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 (+7.3%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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