Eastern Europe: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Eastern Europe

The East European market for prepared or preserved crab meat surged to $X in 2021, picking up by 23% against the previous year. The market value increased at an average annual rate of +3.6% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Production of Prepared Or Preserved Crab Meat in Eastern Europe

In value terms, prepared or preserved crab meat production soared to $X in 2021 estimated in export price. The total production indicated a temperate expansion from 2012 to 2021: its value increased at an average annual rate of +3.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by -17.8% against 2019 indices. Over the period under review, production attained the peak level at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Prepared Or Preserved Crab Meat

Exports in Eastern Europe

In 2021, overseas shipments of prepared or preserved crab meat were finally on the rise to reach X tons after two years of decline. Overall, exports showed prominent growth. The pace of growth appeared the most rapid in 2017 when exports increased by 319% against the previous year. The volume of export peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, prepared or preserved crab meat exports shrank to $X in 2021. In general, exports showed a mild increase. The pace of growth appeared the most rapid in 2017 when exports increased by 252%. The level of export peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Russia prevails in exports structure, accounting for X tons, which was near 86% of total exports in 2021. It was distantly followed by Belarus (X tons), making up an 8.2% share of total exports. Lithuania (X tons) held a relatively small share of total exports.

From 2012 to 2021, average annual rates of growth with regard to prepared or preserved crab meat exports from Russia stood at +9.5%. At the same time, Belarus (+37.3%) displayed positive paces of growth. Moreover, Belarus emerged as the fastest-growing exporter exported in Eastern Europe, with a CAGR of +37.3% from 2012-2021. By contrast, Lithuania (-6.7%) illustrated a downward trend over the same period. While the share of Russia (+14 p.p.) and Belarus (+7.3 p.p.) increased significantly in terms of the total exports from 2012-2021, the share of Lithuania (-8.1 p.p.) displayed negative dynamics.

In value terms, Russia ($X) remains the largest prepared or preserved crab meat supplier in Eastern Europe, comprising 89% of total exports. The second position in the ranking was held by Belarus ($X), with a 4.2% share of total exports.

From 2012 to 2021, the average annual growth rate of value in Russia stood at +2.8%. The remaining exporting countries recorded the following average annual rates of exports growth: Belarus (+46.3% per year) and Lithuania (-17.8% per year).

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2021, waning by -15.8% against the previous year. In general, the export price saw a deep contraction. The pace of growth appeared the most rapid in 2019 when the export price increased by 25%. The level of export peaked at $X per ton in 2014; however, from 2015 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belarus (+6.6%), while the other leaders experienced a decline in the export price figures.

Imports of Prepared Or Preserved Crab Meat

Imports in Eastern Europe

In 2021, overseas purchases of prepared or preserved crab meat increased by 2.8% to X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt downturn. The pace of growth was the most pronounced in 2018 when imports increased by 47% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, prepared or preserved crab meat imports rose sharply to $X in 2021. Over the period under review, imports, however, recorded a abrupt descent. The most prominent rate of growth was recorded in 2018 when imports increased by 19% against the previous year. Over the period under review, imports reached the peak figure at $X in 2012; however, from 2013 to 2021, imports failed to regain momentum.

Imports by Country

Russia was the main importing country with an import of around X tons, which amounted to 62% of total imports. Poland (X tons) held a 10% share (based on physical terms) of total imports, which put it in second place, followed by Lithuania (9.1%) and Ukraine (4.7%). The following importers - Latvia (X tons), Romania (X tons) and Slovakia (X tons) - together made up 8.7% of total imports.

From 2012 to 2021, average annual rates of growth with regard to prepared or preserved crab meat imports into Russia stood at -6.7%. Lithuania and Ukraine experienced a relatively flat trend pattern. Romania (-4.4%), Latvia (-12.8%), Slovakia (-16.3%) and Poland (-22.5%) illustrated a downward trend over the same period. While the share of Russia (+22 p.p.), Lithuania (+6.2 p.p.) and Ukraine (+3.2 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Slovakia (-1.8 p.p.) and Poland (-25 p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) constitutes the largest market for imported prepared or preserved crab meat in Eastern Europe, comprising 45% of total imports. The second position in the ranking was taken by Lithuania ($X), with a 12% share of total imports. It was followed by Ukraine, with a 10% share.

In Russia, prepared or preserved crab meat imports declined by an average annual rate of -8.5% over the period from 2012-2021. In the other countries, the average annual rates were as follows: Lithuania (+1.0% per year) and Ukraine (-0.2% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2021, with an increase of 4.7% against the previous year. In general, the import price, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 an increase of 44%. As a result, import price attained the peak level of $X per ton. From 2016 to 2021, the import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Slovakia (+8.4%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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