Australia and Oceania: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Australia and Oceania

In 2021, the market for prepared or preserved crab meat in Australia and Oceania was finally on the rise to reach $X after three years of decline. Over the period under review, consumption, however, continues to indicate a pronounced setback. Over the period under review, the market hit record highs at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Prepared Or Preserved Crab Meat in Australia and Oceania

In value terms, prepared or preserved crab meat production rose sharply to $X in 2021 estimated in export price. Overall, production, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2016 when the production volume increased by 39%. The level of production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Prepared Or Preserved Crab Meat

Exports in Australia and Oceania

In 2021, overseas shipments of prepared or preserved crab meat decreased by -39.4% to X tons, falling for the second consecutive year after two years of growth. Overall, exports continue to indicate a perceptible contraction. The growth pace was the most rapid in 2013 with an increase of 115%. The volume of export peaked at X tons in 2014; however, from 2015 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared or preserved crab meat exports dropped notably to $X in 2021. Over the period under review, exports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 91%. Over the period under review, the exports attained the peak figure at $X in 2014; however, from 2015 to 2021, the exports remained at a lower figure.

Exports by Country

New Zealand was the main exporting country with an export of around X tons, which accounted for 86% of total exports. It was distantly followed by Australia (X tons), generating a 13% share of total exports.

Exports from New Zealand decreased at an average annual rate of -2.6% from 2012 to 2021. Australia (-1.4%) illustrated a downward trend over the same period. The shares of the largest exporters remained relatively stable throughout the analyzed period.

In value terms, the largest prepared or preserved crab meat supplying countries in Australia and Oceania were New Zealand ($X) and Australia ($X).

In terms of the main exporting countries, Australia, with a CAGR of +9.8%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

In 2021, the export price in Australia and Oceania amounted to $X per ton, with a decrease of -18.9% against the previous year. Export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +2.6% 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 2018 when the export price increased by 57% against the previous year. The level of export peaked at $X per ton in 2020, and then declined significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+11.4%).

Imports of Prepared Or Preserved Crab Meat

Imports in Australia and Oceania

In 2021, purchases abroad of prepared or preserved crab meat increased by 6.9% to X tons, rising for the second year in a row after two years of decline. In general, imports, however, showed a deep contraction. The growth pace was the most rapid in 2020 when imports increased by 10%. The volume of import peaked at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, prepared or preserved crab meat imports skyrocketed to $X in 2021. The total import value increased at an average annual rate of +2.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of 43% against the previous year. The level of import peaked at $X in 2018; however, from 2019 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Australia (X tons) was the major importer of prepared or preserved crab meat, achieving 78% of total imports. It was distantly followed by New Zealand (X tons), generating an 18% share of total imports.

Imports into Australia decreased at an average annual rate of -9.0% from 2012 to 2021. At the same time, New Zealand (+8.3%) displayed positive paces of growth. Moreover, New Zealand emerged as the fastest-growing importer imported in Australia and Oceania, with a CAGR of +8.3% from 2012-2021. From 2012 to 2021, the share of New Zealand increased by +13 percentage points.

In value terms, Australia ($X) constitutes the largest market for imported prepared or preserved crab meat in Australia and Oceania, comprising 85% of total imports. The second position in the ranking was taken by New Zealand ($X), with a 12% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value in Australia stood at +1.7%.

Import Prices by Country

In 2021, the import price in Australia and Oceania amounted to $X per ton, growing by 16% against the previous year. In general, the import price posted a prominent increase. The pace of growth appeared the most rapid in 2018 an increase of 52%. The level of import peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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 Australia ($X per ton), while New Zealand stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Australia (+11.8%).

Source: IndexBox Platform

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