Report Update Nov 1, 2024

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

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Ecuador: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in Ecuador

In 2021, the Ecuadorian crab and crab meat market decreased by -23.9% to $X, falling for the fourth year in a row after four years of growth. Over the period under review, consumption continues to indicate a sharp reduction. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Crabs and Crab Meat in Ecuador

In value terms, crab and crab meat production fell to $X in 2021 estimated in export price. Overall, production, however, saw a drastic downturn. The pace of growth was the most pronounced in 2017 when the production volume increased by 69%. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2021, production failed to regain momentum.

Exports of Crabs and Crab Meat

Exports from Ecuador

In 2021, shipments abroad of crabs and crab meat increased by 44% to X tons, rising for the fifth year in a row after four years of decline. In general, exports continue to indicate a measured increase. The pace of growth appeared the most rapid in 2019 when exports increased by 56%. The exports peaked in 2021 and are likely to see gradual growth in the immediate term.

In value terms, crab and crab meat exports skyrocketed to $X in 2021. Overall, exports enjoyed a noticeable expansion. The pace of growth was the most pronounced in 2019 with an increase of 118% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the immediate term.

Exports by Country

The United States (X tons) was the main destination for crab and crab meat exports from Ecuador, with a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United States totaled +125.9%.

In value terms, the United States ($X) also remains the key foreign market for crabs and crab meat exports from Ecuador.

From 2012 to 2021, the average annual growth rate of value to the United States amounted to +130.0%.

Export Prices by Country

In 2021, the average crab and crab meat export price amounted to $X per ton, surging by 13% against the previous year. Over the period under review, the export price showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 an increase of 40%. Over the period under review, the average export prices reached the peak figure in 2021 and is likely to see steady growth in years to come.

As there is only one major export destination, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for the United States amounted to +1.8% per year.

Imports of Crabs and Crab Meat

Imports into Ecuador

In 2021, imports of crabs and crab meat into Ecuador shrank sharply to X kg, dropping by -53% against 2020. Overall, imports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 1,966% against the previous year. 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 fell significantly to $X in 2021. In general, imports showed a noticeable decline. The pace of growth was the most pronounced in 2016 with an increase of 1,272%. 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, the United States (X kg) was the main supplier of crab and crab meat to Ecuador, accounting for a approx. 100% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from the United States totaled +17.6%.

In value terms, the United States ($X) constituted the largest supplier of crabs and crab meat to Ecuador.

From 2012 to 2021, the average annual growth rate of value from the United States totaled +4.2%.

Import Prices by Country

The average crab and crab meat import price stood at $X per ton in 2021, with an increase of 12% against the previous year. Over the period under review, the import price, however, showed a perceptible decrease. The growth pace was the most rapid in 2018 when the average import price increased by 109% against the previous year. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices stood at a somewhat lower figure.

As there is only one major supplying country, the average price level is determined by prices for the United States.

From 2012 to 2021, the rate of growth in terms of prices for Canada amounted to -2.5% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of crab and crab meat consumption was China, 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 third position in this ranking was occupied by the United States, with a 6.5% share.

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

China remains the largest crab and crab meat producing country worldwide, 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 Ecuador?

In value terms, the United States constituted the largest supplier of crab and crab meat to Ecuador.

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

In value terms, the United States remains the key foreign market for crab and crab meat exports from Ecuador.

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

In 2021, the average crab and crab meat export price amounted to $5,623 per ton, rising by 13% against the previous year.

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

The average crab and crab meat import price stood at $24,386 per ton in 2021, increasing by 9.1% against the previous year.

This report provides an in-depth analysis of the market for crab and crab meat in Ecuador. 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:

Ecuador

Data coverage:

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

Reasons to buy this report:

Take advantage of the latest data
Find deeper insights into current market developments
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
How to prepare your business for global expansion

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