Eastern Asia: Crabs, Not Frozen Market 2024

Crabs, Not Frozen Market Size in Eastern Asia

After seven years of decline, the East Asian crabs, not frozen market increased by 0.9% to $X in 2022. Overall, consumption, however, saw a abrupt shrinkage. As a result, consumption reached the peak level of $X. From 2015 to 2022, the growth of the market remained at a lower figure.

Crabs, Not Frozen Production in Eastern Asia

In value terms, crabs, not frozen production shrank slightly to $X in 2022 estimated in export price. Over the period under review, production, however, enjoyed a significant expansion. The pace of growth was the most pronounced in 2017 when the production volume increased by 731% against the previous year. Over the period under review, production reached the peak level at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Crabs, Not Frozen Exports

Exports in Eastern Asia

After four years of growth, overseas shipments of crabs, not frozen decreased by -3.5% to X tons in 2022. Over the period under review, exports saw a noticeable decrease. The most prominent rate of growth was recorded in 2014 with an increase of 35% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, crabs, not frozen exports dropped slightly to $X in 2022. Overall, exports continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2014 when exports increased by 96%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Democratic People's Republic of Korea (X tons) and South Korea (X tons) represented roughly 100% of total exports in 2022.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main exporting countries, was attained by Democratic People's Republic of Korea (with a CAGR of +18.8%).

In value terms, South Korea ($X) remains the largest crabs, not frozen supplier in Eastern Asia, comprising 75% of total exports. The second position in the ranking was held by Democratic People's Republic of Korea ($X), with a 25% share of total exports.

In South Korea, crabs, not frozen exports increased at an average annual rate of +18.7% over the period from 2012-2022.

Export Prices by Country

In 2022, the export price in Eastern Asia amounted to $X per ton, almost unchanged from the previous year. Export price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +2.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crabs, not frozen export price increased by +56.0% against 2016 indices. The pace of growth appeared the most rapid in 2014 when the export price increased by 45% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the export prices remained at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was South Korea ($X per ton), while Democratic People's Republic of Korea amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+5.2%).

Crabs, Not Frozen Imports

Imports in Eastern Asia

In 2022, supplies from abroad of crabs, not frozen was finally on the rise to reach X tons after five years of decline. In general, imports, however, recorded a deep contraction. The growth pace was the most rapid in 2016 with an increase of 12% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, crabs, not frozen imports fell modestly to $X in 2022. Overall, imports, however, continue to indicate a abrupt slump. The growth pace was the most rapid in 2013 when imports increased by 13%. Over the period under review, imports reached the peak figure at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

South Korea was the key importer of crabs, not frozen in Eastern Asia, with the volume of imports recording X tons, which was approx. 63% of total imports in 2022. Hong Kong SAR (X tons) took the second position in the ranking, distantly followed by Taiwan (Chinese) (X tons). All these countries together held approx. 32% share of total imports. Macao SAR (X tons) held a minor share of total imports.

South Korea was also the fastest-growing in terms of the crabs, not frozen imports, with a CAGR of +4.3% from 2012 to 2022. Macao SAR experienced a relatively flat trend pattern. Hong Kong SAR (-2.5%) and Taiwan (Chinese) (-6.8%) illustrated a downward trend over the same period. While the share of South Korea (+52 p.p.), Hong Kong SAR (+14 p.p.), Taiwan (Chinese) (+5.2 p.p.) and Macao SAR (+2.7 p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, South Korea ($X) constitutes the largest market for imported crabs, not frozen in Eastern Asia, comprising 88% of total imports. The second position in the ranking was taken by Hong Kong SAR ($X), with a 6.6% share of total imports. It was followed by Taiwan (Chinese), with a 3.6% share.

From 2012 to 2022, the average annual rate of growth in terms of value in South Korea amounted to +15.3%. The remaining importing countries recorded the following average annual rates of imports growth: Hong Kong SAR (-9.5% per year) and Taiwan (Chinese) (-11.6% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2022, falling by -3.5% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +4.4%. The most prominent rate of growth was recorded in 2013 an increase of 17%. Over the period under review, import prices attained the peak figure at $X per ton in 2021, and then declined slightly in the following year.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was South Korea ($X per ton), while Macao SAR ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (+10.6%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :