Canada: Crabs, Not Frozen Market 2024

Crabs, Not Frozen Market Size in Canada

The Canadian crabs, not frozen market totaled less than $X in 2022, approximately equating the previous year. Overall, consumption saw a strong increase. As a result, consumption reached the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Crabs, Not Frozen Production in Canada

In value terms, crabs, not frozen production stood at less than $X in 2022 estimated in export price. Over the period under review, production posted a buoyant increase. The most prominent rate of growth was recorded in 2017 with an increase of 45%. Over the period under review, production attained the peak level at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Crabs, Not Frozen Exports

Exports from Canada

In 2016, the amount of crabs, not frozen exported from Canada stood at X tons, surging by 4% on the previous year. Over the period under review, exports, however, saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 4.3% against the previous year. Over the period under review, the exports reached the peak figure at X tons in 2014; however, from 2015 to 2016, the exports stood at a somewhat lower figure.

In value terms, crabs, not frozen exports rose sharply to $X in 2016. The total export value increased at an average annual rate of +6.4% over the period from 2012 to 2016; the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed in certain years. The pace of growth was the most pronounced in 2013 when exports increased by 14% against the previous year. Over the period under review, the exports attained the peak figure in 2016 and are likely to see steady growth in years to come.

Exports by Country

China (X tons) was the main destination for crabs, not frozen exports from Canada, with a 91% share of total exports. Moreover, crabs, not frozen exports to China exceeded the volume sent to the second major destination, the United States (X tons), more than tenfold.

From 2012 to 2016, the average annual growth rate of volume to China amounted to +4.3%.

In value terms, China ($X) remains the key foreign market for crabs, not frozen exports from Canada, comprising 94% of total exports. The second position in the ranking was taken by the United States ($X), with a 3.2% share of total exports.

From 2012 to 2016, the average annual rate of growth in terms of value to China totaled +9.6%.

Export Prices by Country

The average crabs, not frozen export price stood at $X per ton in 2016, surging by 9.5% against the previous year. Over the period from 2012 to 2016, it increased at an average annual rate of +6.8%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2016, amid the top suppliers, the country with the highest price was China ($X per ton), while the average price for exports to the United States totaled $X per ton.

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to China (+5.0%).

Crabs, Not Frozen Imports

Imports into Canada

In 2016, overseas purchases of crabs, not frozen were finally on the rise to reach X tons for the first time since 2013, thus ending a two-year declining trend. In general, total imports indicated pronounced growth from 2012 to 2016: its volume increased at an average annual rate of +2.1% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, crabs, not frozen imports skyrocketed to $X in 2016. The total import value increased at an average annual rate of +2.2% from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2016, the United States (X tons) was the main crabs, not frozen supplier to Canada, with a 95% share of total imports. It was followed by South Korea (X tons), with a 1.2% share of total imports.

From 2012 to 2016, the average annual rate of growth in terms of volume from the United States amounted to +2.5%. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+18.0% per year) and Saint Pierre and Miquelon (-71.7% per year).

In value terms, the United States ($X) constituted the largest supplier of crabs, not frozen to Canada, comprising 90% of total imports. The second position in the ranking was held by South Korea ($X), with a 2.2% share of total imports.

From 2012 to 2016, the average annual rate of growth in terms of value from the United States was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: South Korea (+25.1% per year) and Saint Pierre and Miquelon (-75.5% per year).

Import Prices by Country

The average crabs, not frozen import price stood at $X per ton in 2016, declining by -16.4% against the previous year. Overall, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2014 when the average import price increased by 24%. As a result, import price reached the peak level of $X per ton. From 2015 to 2016, the average import prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2016, amid the top importers, the country with the highest price was South Korea ($X per ton), while the price for Saint Pierre and Miquelon ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by South Korea (+6.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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