Asia-Pacific: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Asia-Pacific

In 2021, the Asia-Pacific market for prepared or preserved crab meat decreased by -6.5% to $X, falling for the third consecutive year after two years of growth. Over the period under review, consumption showed a slight downturn. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Production of Prepared Or Preserved Crab Meat in Asia-Pacific

In value terms, prepared or preserved crab meat production amounted to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the production volume increased by 28%. The level of production peaked at $X in 2018; however, from 2019 to 2021, production remained at a lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports in Asia-Pacific

In 2021, after four years of decline, there was significant growth in overseas shipments of prepared or preserved crab meat, when their volume increased by 18% to X tons. Over the period under review, exports, however, continue to indicate a pronounced slump. The most prominent rate of growth was recorded in 2016 with an increase of 34%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a lower figure.

In value terms, prepared or preserved crab meat exports soared to $X in 2021. Overall, exports saw a relatively flat trend pattern. The level of export peaked at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

Indonesia (X tons) and China (X tons) represented roughly 62% of total exports in 2021. It was distantly followed by Vietnam (X tons), the Philippines (X tons) and South Korea (X tons), together creating a 24% share of total exports. The following exporters - India (X tons) and Thailand (X tons) - together made up 7.1% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by the Philippines (with a CAGR of +8.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest prepared or preserved crab meat supplying countries in Asia-Pacific were Indonesia ($X), China ($X) and the Philippines ($X), together comprising 79% of total exports.

The Philippines, with a CAGR of +18.0%, 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-Pacific stood at $X per ton in 2021, surging by 37% against the previous year. Export price indicated a remarkable increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2017 when the export price increased by 49% against the previous year. The level of export peaked in 2021 and is expected to retain growth in the near future.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by India (+13.1%), while the other leaders experienced more modest paces of growth.

Imports of Prepared Or Preserved Crab Meat

Imports in Asia-Pacific

In 2021, purchases abroad of prepared or preserved crab meat decreased by -1.6% to X tons, falling for the eighth year in a row after two years of growth. In general, imports saw a abrupt curtailment. The most prominent rate of growth was recorded in 2013 when imports increased by 3.8%. As a result, imports attained the peak of X tons. From 2014 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, prepared or preserved crab meat imports expanded sharply to $X in 2021. Over the period under review, imports continue to indicate a abrupt slump. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Japan was the major importer of prepared or preserved crab meat in Asia-Pacific, with the volume of imports finishing at X tons, which was near 51% of total imports in 2021. It was distantly followed by Hong Kong SAR (X tons), Taiwan (Chinese) (X tons) and Brunei Darussalam (X tons), together mixing up a 26% share of total imports. The following importers - Singapore (X tons), Indonesia (X tons), Australia (X tons), Malaysia (X tons), Thailand (X tons) and the Philippines (X tons) - together made up 19% of total imports.

From 2012 to 2021, average annual rates of growth with regard to prepared or preserved crab meat imports into Japan stood at -9.4%. At the same time, Taiwan (Chinese) (+59.1%), Brunei Darussalam (+33.4%), Indonesia (+9.7%) and the Philippines (+1.1%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia-Pacific, with a CAGR of +59.1% from 2012-2021. By contrast, Malaysia (-6.3%), Australia (-9.0%), Thailand (-10.0%), Singapore (-13.4%) and Hong Kong SAR (-19.1%) illustrated a downward trend over the same period. Taiwan (Chinese) (+9.7 p.p.), Brunei Darussalam (+5.2 p.p.) and Indonesia (+2.6 p.p.) significantly strengthened its position in terms of the total imports, while Singapore and Hong Kong SAR saw its share reduced by -2.2% and -19.5% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Japan ($X) constitutes the largest market for imported prepared or preserved crab meat in Asia-Pacific, comprising 59% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a 12% share of total imports. It was followed by Taiwan (Chinese), with a 12% share.

In Japan, prepared or preserved crab meat imports decreased by an average annual rate of -8.6% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Hong Kong SAR (-17.3% per year) and Taiwan (Chinese) (+69.0% per year).

Import Prices by Country

In 2021, the import price in Asia-Pacific amounted to $X per ton, with an increase of 11% against the previous year. Over the last nine years, it increased at an average annual rate of +1.5%. The most prominent rate of growth was recorded in 2016 when the import price increased by 14%. Over the period under review, import prices hit record highs in 2021 and is expected to retain 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 Indonesia ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+11.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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