China: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in China

The Chinese crab and crab meat market fell slightly to $X in 2021, declining by -4.1% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2015 to 2021, the growth of the market remained at a somewhat lower figure.

Production of Crabs and Crab Meat in China

In value terms, crab and crab meat production fell to $X in 2021 estimated in export price. Over the period under review, production continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of 23%. As a result, production reached the peak level of $X. From 2015 to 2021, production growth failed to regain momentum.

Exports of Crabs and Crab Meat

Exports from China

In 2021, approx. X tons of crabs and crab meat were exported from China; with an increase of 3.4% against the previous year's figure. In general, exports showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2013 when exports increased by 17% against the previous year. The exports peaked at X tons in 2015; however, from 2016 to 2021, the exports stood at a somewhat lower figure.

In value terms, crab and crab meat exports totaled $X in 2021. Over the period under review, exports showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 when exports increased by 34% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

South Korea (X tons) was the main destination for crab and crab meat exports from China, with a 65% share of total exports. Moreover, crab and crab meat exports to South Korea exceeded the volume sent to the second major destination, Japan (X tons), sixfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to South Korea stood at +3.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Japan (-5.9% per year) and the United States (+9.5% per year).

In value terms, the largest markets for crab and crab meat exported from China were South Korea ($X), Japan ($X) and the United States ($X), together comprising 71% of total exports.

Among the main countries of destination, the United States, with a CAGR of +6.5%, saw 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 average crab and crab meat export price amounted to $X per ton, rising by 9.8% against the previous year. In general, the export price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2013 an increase of 14% against the previous year. The export price peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to South Korea ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Japan (+10.0%), while the prices for the other major destinations experienced a decline.

Imports of Crabs and Crab Meat

Imports into China

In 2021, after two years of decline, there was significant growth in supplies from abroad of crabs and crab meat, when their volume increased by 27% to X tons. Overall, total imports indicated a notable increase from 2012 to 2021: its volume increased at an average annual rate of +3.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crab and crab meat imports soared to $X in 2021. In general, imports posted a prominent increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Russia (X tons), Myanmar (X tons) and Indonesia (X tons) were the main suppliers of crab and crab meat imports to China, together accounting for 41% of total imports. Canada, Malaysia, the United States, Pakistan, India, Thailand, Vietnam, Chile, Madagascar and the Netherlands lagged somewhat behind, together comprising a further 49%.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +155.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of crabs and crab meat to China, comprising 47% of total imports. The second position in the ranking was held by Canada ($X), with an 11% share of total imports. It was followed by the United States, with a 6.9% share.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +56.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+2.5% per year) and the United States (-0.8% per year).

Import Prices by Country

The average crab and crab meat import price stood at $X per ton in 2021, with an increase of 16% against the previous year. In general, import price indicated a strong expansion from 2012 to 2021: its price increased at an average annual rate of +9.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, crab and crab meat import price increased by +123.1% against 2012 indices. The growth pace was the most rapid in 2018 an increase of 29%. The import price peaked in 2021 and is likely to see steady growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Russia ($X per ton), while the price for Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+24.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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