China: Crabs, Not Frozen Market 2024

Crabs, Not Frozen Market Size in China

The Chinese crabs, not frozen market amounted to less than $X in 2022, remaining relatively unchanged against the previous year. Over the period under review, consumption recorded a mild curtailment. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Crabs, Not Frozen Production in China

In value terms, crabs, not frozen production declined slightly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a noticeable expansion. The most prominent rate of growth was recorded in 2019 with an increase of 23%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Crabs, Not Frozen Exports

Exports from China

Crabs, not frozen exports from China stood at X tons in 2016, remaining constant against 2015 figures. Over the period under review, total exports indicated a strong expansion from 2012 to 2016: its volume increased at an average annual rate of +13.3% over the last four-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2016 figures, exports increased by +75.1% against 2013 indices. The most prominent rate of growth was recorded in 2014 when exports increased by 51%. The exports peaked in 2016 and are expected to retain growth in the near future.

In value terms, crabs, not frozen exports plummeted to $X in 2016. Overall, exports showed a tangible increase. The pace of growth appeared the most rapid in 2014 when exports increased by 109%. As a result, the exports reached the peak of $X. From 2015 to 2016, the growth of the exports remained at a lower figure.

Exports by Country

Taiwan (Chinese) (X tons), South Korea (X tons) and Macao SAR (X tons) were the main destinations of crabs, not frozen exports from China, with a combined 83% share of total exports. Hong Kong SAR, Australia and Japan lagged somewhat behind, together comprising a further 15%.

From 2012 to 2016, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Australia (with a CAGR of +991.2%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crabs, not frozen exported from China were Hong Kong SAR ($X), Taiwan (Chinese) ($X) and South Korea ($X), with a combined 81% share of total exports. Macao SAR, Japan and Australia lagged somewhat behind, together comprising a further 13%.

Australia, with a CAGR of +191.3%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crabs, not frozen export price stood at $X per ton in 2016, reducing by -39.6% against the previous year. Overall, the export price continues to indicate a abrupt slump. The most prominent rate of growth was recorded in 2014 an increase of 39% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2016, the average export prices failed to regain momentum.

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

From 2012 to 2016, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+12.7%), while the prices for the other major destinations experienced a decline.

Crabs, Not Frozen Imports

Imports into China

In 2016, after two years of decline, there was significant growth in overseas purchases of crabs, not frozen, when their volume increased by 31% to X tons. The total import volume increased at an average annual rate of +8.3% from 2012 to 2016; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, crabs, not frozen imports surged to $X in 2016. In general, total imports indicated a strong increase from 2012 to 2016: its value increased at an average annual rate of +12.9% over the last four years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2013 with an increase of 31% against the previous year. Over the period under review, imports reached the maximum in 2016 and are expected to retain growth in years to come.

Imports by Country

The United States (X tons), Canada (X tons) and Bangladesh (X tons) were the main suppliers of crabs, not frozen imports to China, together comprising 49% of total imports. Russia, Pakistan, Indonesia, Democratic People's Republic of Korea, Myanmar, Malaysia, India, the UK, Madagascar and the Philippines lagged somewhat behind, together accounting for a further 45%.

From 2012 to 2016, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Malaysia (with a CAGR of +426.2%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crabs, not frozen suppliers to China were the United States ($X), Canada ($X) and Bangladesh ($X), with a combined 51% share of total imports. Russia, Pakistan, Indonesia, Democratic People's Republic of Korea, Malaysia, India, the UK, Madagascar, the Philippines and Myanmar lagged somewhat behind, together comprising a further 43%.

Among the main suppliers, Malaysia, with a CAGR of +531.4%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crabs, not frozen import price stood at $X per ton in 2016, shrinking by -5.4% against the previous year. Over the last four years, it increased at an average annual rate of +4.2%. The most prominent rate of growth was recorded in 2013 an increase of 16%. The import price peaked at $X per ton in 2015, and then shrank in the following year.

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 the Philippines ($X per ton), while the price for Myanmar ($X per ton) was amongst the lowest.

From 2012 to 2016, the most notable rate of growth in terms of prices was attained by India (+22.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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