EU: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in the EU

The EU market for frozen crabs and crabs meat expanded remarkably to $X in 2021, increasing by 5.3% against the previous year. The market value increased at an average annual rate of +1.1% from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Frozen Crabs And Crabs Meat in the EU

In value terms, frozen crab and crab meat production fell to $X in 2021 estimated in export price. In general, production, however, saw resilient growth. The most prominent rate of growth was recorded in 2016 with an increase of 48%. The level of production peaked at $X in 2020, and then dropped in the following year.

Exports of Frozen Crabs And Crabs Meat

Exports in the EU

Frozen crab and crab meat exports rose markedly to X tons in 2021, with an increase of 15% compared with the previous year's figure. The total export volume increased at an average annual rate of +4.0% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2016 with an increase of 44%. As a result, the exports reached the peak of X tons. From 2017 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen crab and crab meat exports surged to $X in 2021. Total exports indicated a resilient increase from 2012 to 2021: its value increased at an average annual rate of +9.8% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +32.4% against 2016 indices. The pace of growth was the most pronounced in 2016 with an increase of 51% against the previous year. The level of export peaked in 2021 and is likely to see steady growth in the immediate term.

Exports by Country

In 2021, Ireland (X tons), distantly followed by the Netherlands (X tons), Denmark (X tons), France (X tons), Portugal (X tons), Sweden (X tons) and Spain (X tons) represented the key exporters of frozen crabs and crabs meat, together creating 91% of total exports.

From 2012 to 2021, the biggest increases were recorded for France (with a CAGR of +14.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), Ireland ($X) and the Netherlands ($X) were the countries with the highest levels of exports in 2021, together accounting for 65% of total exports. These countries were followed by France, Sweden, Spain and Portugal, which together accounted for a further 27%.

In terms of the main exporting countries, Spain, with a CAGR of +18.5%, recorded the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the export price in the European Union amounted to $X per ton, growing by 11% against the previous year. Export price indicated a buoyant expansion from 2012 to 2021: its price increased at an average annual rate of +5.6% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen crab and crab meat export price increased by +61.2% against 2015 indices. The growth pace was the most rapid in 2019 when the export price increased by 13% against the previous year. The level of export peaked in 2021 and is likely to see gradual growth in years to come.

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 Denmark ($X per ton), while Ireland ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+9.3%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports in the EU

In 2021, approx. X tons of frozen crabs and crabs meat were imported in the European Union; picking up by 14% against 2020. Overall, imports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when imports increased by 24% against the previous year. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports failed to regain momentum.

In value terms, frozen crab and crab meat imports skyrocketed to $X in 2021. Total imports indicated a noticeable expansion from 2012 to 2021: its value increased at an average annual rate of +4.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -6.6% against 2019 indices. The level of import peaked at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the six major importers of frozen crabs and crabs meat, namely France, Spain, Denmark, Italy, Portugal and the Netherlands, represented more than two-thirds of total import. Sweden (X tons) held a minor share of total imports.

From 2012 to 2021, the biggest increases were recorded for Italy (with a CAGR of +6.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Denmark ($X), France ($X) and Spain ($X) appeared to be the countries with the highest levels of imports in 2021, together comprising 61% of total imports.

In terms of the main importing countries, Denmark, with a CAGR of +18.2%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2021, growing by 11% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.5%. The pace of growth was the most pronounced in 2018 an increase of 19%. The level of import peaked in 2021 and is likely to continue growth in the immediate term.

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 Denmark ($X per ton), while Italy ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+11.9%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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