Asia: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Asia

In 2021, the Asian market for prepared or preserved crab meat decreased by -4.8% to $X, falling for the third year in a row after two years of growth. Overall, consumption showed a slight shrinkage. The level of consumption peaked at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Prepared Or Preserved Crab Meat in Asia

In value terms, prepared or preserved crab meat production expanded slightly to $X in 2021 estimated in export price. In general, production recorded a relatively flat trend pattern. The growth pace was the most rapid in 2017 with an increase of 24% against the previous year. The level of production peaked at $X in 2018; however, from 2019 to 2021, production failed to regain momentum.

Exports of Prepared Or Preserved Crab Meat

Exports in Asia

In 2021, shipments abroad of prepared or preserved crab meat was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, exports, however, saw a pronounced reduction. The most prominent rate of growth was recorded in 2016 with an increase of 34% against the previous year. As a result, the exports attained 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 skyrocketed to $X in 2021. Overall, exports showed a relatively flat trend pattern. The level of export peaked at $X in 2018; afterwards, it flattened through to 2021.

Exports by Country

In 2021, Indonesia (X tons) and China (X tons) were the largest exporters of prepared or preserved crab meat in Asia, together generating 62% of total exports. Vietnam (X tons) ranks next in terms of the total exports with a 10% share, followed by the Philippines (8.2%) and South Korea (5.9%). India (X tons) and Thailand (X tons) followed a long way behind the leaders.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the leading 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, Indonesia ($X), China ($X) and the Philippines ($X) appeared to be the countries with the highest levels of exports in 2021, with a combined 79% share of total exports.

In terms of the main exporting countries, the Philippines, with a CAGR of +18.0%, 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

In 2021, the export price in Asia amounted to $X per ton, jumping by 37% against the previous year. Export price indicated a buoyant increase from 2012 to 2021: its price increased at an average annual rate of +5.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 when the export price increased by 49% against the previous year. The level of export peaked in 2021 and is likely to continue growth in the immediate term.

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 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

After seven years of decline, overseas purchases of prepared or preserved crab meat increased by 0.7% to X tons in 2021. Over the period under review, imports, however, saw a abrupt downturn. The growth pace was the most rapid in 2013 when imports increased by 4.3% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2021, the growth of imports remained at a lower figure.

In value terms, prepared or preserved crab meat imports rose significantly to $X in 2021. In general, imports, however, recorded a abrupt curtailment. The level of import peaked at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Japan (X tons) was the main importer of prepared or preserved crab meat, achieving 50% of total imports. Hong Kong SAR (X tons) took an 11% share (based on physical terms) of total imports, which put it in second place, followed by Taiwan (Chinese) (9.5%) and Brunei Darussalam (5.3%). The following importers - Singapore (X tons), Lebanon (X tons), Indonesia (X tons), Malaysia (X tons), Thailand (X tons) and the Philippines (X tons) - together made up 18% of total imports.

Imports into Japan decreased at an average annual rate of -9.4% from 2012 to 2021. At the same time, Taiwan (Chinese) (+59.1%), Brunei Darussalam (+33.4%), Indonesia (+9.7%), Lebanon (+4.7%) and the Philippines (+1.1%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Asia, with a CAGR of +59.1% from 2012-2021. By contrast, Malaysia (-6.3%), Thailand (-10.0%), Singapore (-13.4%) and Hong Kong SAR (-19.1%) illustrated a downward trend over the same period. Taiwan (Chinese) (+9.5 p.p.), Brunei Darussalam (+5.1 p.p.), Indonesia (+2.5 p.p.) and Lebanon (+2.4 p.p.) significantly strengthened its position in terms of the total imports, while Japan, Singapore and Hong Kong SAR saw its share reduced by -1.6%, -2.4% and -20.3% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

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

From 2012 to 2021, the average annual growth rate of value in Japan totaled -8.6%. 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

The import price in Asia stood at $X per ton in 2021, growing by 9.1% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.2%. The most prominent rate of growth was recorded in 2016 when the import price increased by 12%. The level of import peaked in 2021 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: 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 Singapore (+10.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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