Czech Republic: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in the Czech Republic

For the third year in a row, the Czech market for prepared or preserved crab meat recorded decline in sales value, which decreased by -15.5% to $X in 2021. Over the period under review, consumption recorded a dramatic downturn. 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.

Exports of Prepared Or Preserved Crab Meat

Exports from the Czech Republic

In 2021, approx. X kg of prepared or preserved crab meat were exported from the Czech Republic; growing by 8.6% on the year before. Overall, exports, however, saw a deep contraction. The pace of growth was the most pronounced in 2014 when exports increased by 507%. As a result, the exports reached the peak of X tons. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared or preserved crab meat exports soared to $X in 2021. In general, exports, however, recorded a abrupt decrease. The pace of growth was the most pronounced in 2014 when exports increased by 620% against the previous year. As a result, the exports reached the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Slovakia (X kg), Germany (X kg) and Hungary (X kg) were the main destinations of prepared or preserved crab meat exports from the Czech Republic, with a combined 96% share of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of +9.3%), while the other leaders experienced mixed trend patterns.

In value terms, Slovakia ($X) remains the key foreign market for prepared or preserved crab meat exports from the Czech Republic, comprising 79% of total exports. The second position in the ranking was held by Germany ($X), with a 19% share of total exports. It was followed by Hungary, with a 2.4% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia stood at -6.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Germany (+30.2% per year) and Hungary (+64.2% per year).

Export Prices by Country

In 2021, the average export price for prepared or preserved crab meat amounted to $X per ton, surging by 23% against the previous year. Overall, the export price continues to indicate prominent growth. The pace of growth was the most pronounced in 2019 when the average export price increased by 134%. Over the period under review, the average export prices hit record highs in 2021 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Bulgaria ($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 Germany (+19.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Crab Meat

Imports into the Czech Republic

In 2021, imports of prepared or preserved crab meat into the Czech Republic declined to X tons, shrinking by -13% compared with the previous year's figure. In general, imports showed a significant decrease. The most prominent rate of growth was recorded in 2014 when imports increased by 443% against the previous year. As a result, imports attained the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, prepared or preserved crab meat imports fell slightly to $X in 2021. Over the period under review, imports recorded a abrupt downturn. The most prominent rate of growth was recorded in 2018 with an increase of 149%. As a result, imports attained the peak of $X. From 2019 to 2021, the growth of imports remained at a lower figure.

Imports by Country

France (X kg), Germany (X kg) and Romania (X kg) were the main suppliers of prepared or preserved crab meat imports to the Czech Republic, together accounting for 77% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Romania (with a CAGR of +580.0%), while imports for the other leaders experienced mixed trend patterns.

In value terms, Romania ($X), France ($X) and Germany ($X) were the largest prepared or preserved crab meat suppliers to the Czech Republic, together accounting for 85% of total imports.

Romania, with a CAGR of +434.6%, saw the highest growth rate of the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for prepared or preserved crab meat amounted to $X per ton, with an increase of 14% against the previous year. Over the period under review, the import price enjoyed a strong expansion. The pace of growth was the most pronounced in 2015 when the average import price increased by 428% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Romania ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+25.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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