Report Update Nov 1, 2024

Cuba - Crabs and Crabs Meat - Market Analysis, Forecast, Size, Trends and Insights

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Cuba: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in Cuba

The Cuban crab and crab meat market declined modestly to $X in 2021, waning by -3% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. As a result, consumption reached 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 Cuba

In value terms, crab and crab meat production contracted to $X in 2021 estimated in export price. In general, production enjoyed slight growth. The growth pace was the most rapid in 2014 with an increase of 138%. As a result, production attained the peak level of $X. From 2015 to 2021, production growth remained at a lower figure.

Exports of Crabs and Crab Meat

Exports from Cuba

In 2021, approx. X tons of crabs and crab meat were exported from Cuba; with an increase of 73% on 2020 figures. Over the period under review, exports, however, faced a precipitous decline. The pace of growth was the most pronounced in 2019 with an increase of 176% against the previous year. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2021, the exports stood at a somewhat lower figure.

In value terms, crab and crab meat exports soared to $X in 2021. In general, exports, however, recorded a precipitous decrease. Over the period under review, the exports attained the maximum at $X in 2013; however, from 2014 to 2021, the exports remained at a lower figure.

Exports by Country

The Netherlands (X tons) was the main destination for crab and crab meat exports from Cuba, accounting for a 96% share of total exports. Moreover, crab and crab meat exports to the Netherlands exceeded the volume sent to the second major destination, Canada (X kg), more than tenfold.

From 2012 to 2021, the average annual growth rate of volume to the Netherlands amounted to +15.3%.

In value terms, the Netherlands ($X) remains the key foreign market for crabs and crab meat exports from Cuba, comprising 98% of total exports. The second position in the ranking was taken by Canada ($X), with a 1.7% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to the Netherlands totaled +3.9%.

Export Prices by Country

The average crab and crab meat export price stood at $X per ton in 2021, growing by 32% against the previous year. Overall, the export price posted a strong expansion. The growth pace was the most rapid in 2017 when the average export price increased by 134%. As a result, the export price attained the peak level of $X per ton. From 2018 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was the Netherlands ($X per ton), while the average price for exports to Canada totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to France (+15.1%), while the prices for the other major destinations experienced a decline.

Imports of Crabs and Crab Meat

Imports into Cuba

In 2021, the amount of crabs and crab meat imported into Cuba reduced slightly to X tons, remaining constant against the year before. Over the period under review, imports recorded a abrupt decline. The most prominent rate of growth was recorded in 2016 when imports increased by 165%. As a result, imports attained the peak of X tons. From 2017 to 2021, the growth of imports remained at a somewhat lower figure.

In value terms, crab and crab meat imports reduced sharply to $X in 2021. Overall, imports showed a drastic downturn. The most prominent rate of growth was recorded in 2016 with an increase of 112%. As a result, imports attained the peak of $X. From 2017 to 2021, the growth of imports remained at a lower figure.

Imports by Country

In 2021, China (X tons) constituted the largest crab and crab meat supplier to Cuba, accounting for a 84% share of total imports. Moreover, crab and crab meat imports from China exceeded the figures recorded by the second-largest supplier, Spain (X kg), more than tenfold.

From 2012 to 2021, the average annual rate of growth in terms of volume from China stood at +8.3%.

In value terms, China ($X) constituted the largest supplier of crabs and crab meat to Cuba, comprising 59% of total imports. The second position in the ranking was taken by Spain ($X), with a 21% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from China stood at +8.6%.

Import Prices by Country

The average crab and crab meat import price stood at $X per ton in 2021, which is down by -49.7% against the previous year. Overall, the import price saw a drastic downturn. The most prominent rate of growth was recorded in 2017 when the average import price increased by 6.9%. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Spain ($X per ton), while the price for China stood at $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+0.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for crabs and crab meat in the world?

China constituted the country with the largest volume of crab and crab meat consumption, accounting for 60% of total volume. Moreover, crab and crab meat consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia, sixfold. The United States ranked third in terms of total consumption with a 6.5% share.

What are the largest producers of crabs and crab meat in the world?

China constituted the country with the largest volume of crab and crab meat production, comprising approx. 60% of total volume. Moreover, crab and crab meat production in China exceeded the figures recorded by the second-largest producer, Indonesia, sixfold. Russia ranked third in terms of total production with a 3.9% share.

What are the leading suppliers of crabs and crab meat to Cuba?

In value terms, China constituted the largest supplier of crab and crab meat to Cuba, comprising 67% of total imports. The second position in the ranking was occupied by Spain, with a 33% share of total imports.

What are the leading importers of crabs and crab meat from Cuba?

In value terms, Spain, the Netherlands and Canada constituted the largest markets for crab and crab meat exported from Cuba worldwide.

What is the average export price for crabs and crab meat in Cuba?

In 2021, the average crab and crab meat export price amounted to $3,569 per ton, surging by 23% against the previous year.

What is the average import price for crabs and crab meat in Cuba?

In 2021, the average crab and crab meat import price amounted to $5,247 per ton, dropping by -4.6% against the previous year.

This report provides an in-depth analysis of the market for crab and crab meat in Cuba. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

Country coverage:

Cuba

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Cuba
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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Discover vital success factors affecting the market

This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

In this report, you can find information that helps you to make informed decisions on the following issues:

How to diversify your business and benefit from new market opportunities
How to load your idle production capacity
How to boost your sales on overseas markets
How to increase your profit margins
How to make your supply chain more sustainable
How to reduce your production and supply chain costs
How to outsource production to other countries
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While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
5. MOST PROMISING SUPPLYING COUNTRIES

Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
10. PROFILES OF MAJOR PRODUCERS

The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO
LIST OF TABLES
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023