Europe: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in Europe

The Europe market for frozen crabs and crabs meat shrank dramatically to $X in 2021, with a decrease of -21% against the previous year. Over the period under review, consumption, however, saw a remarkable increase. As a result, consumption attained the peak level of $X, and then declined rapidly in the following year.

Production of Frozen Crabs And Crabs Meat in Europe

In value terms, frozen crab and crab meat production shrank rapidly to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a strong increase. The pace of growth appeared the most rapid in 2020 with an increase of 57%. As a result, production attained the peak level of $X, and then reduced remarkably in the following year.

Exports of Frozen Crabs And Crabs Meat

Exports in Europe

Frozen crab and crab meat exports stood at X tons in 2021, surging by 8.5% compared with the year before. The total export volume increased at an average annual rate of +1.9% from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2019 with an increase of 27% against the previous year. As a result, the exports attained the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, frozen crab and crab meat exports surged to $X in 2021. In general, exports recorded a strong increase. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

Exports by Country

Russia dominates exports structure, accounting for X tons, which was approx. 68% of total exports in 2021. It was distantly followed by Norway (X tons), Ireland (X tons) and the UK (X tons), together committing a 19% share of total exports. The Netherlands (X tons), Denmark (X tons) and France (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of exports of frozen crabs and crabs meat. At the same time, Norway (+18.9%), France (+14.6%), the Netherlands (+13.4%) and Denmark (+3.7%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Europe, with a CAGR of +18.9% from 2012-2021. The UK experienced a relatively flat trend pattern. By contrast, Ireland (-2.0%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Norway and the Netherlands increased by +6.8 and +2 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest frozen crab and crab meat supplier in Europe, comprising 83% of total exports. The second position in the ranking was held by Norway ($X), with a 7.5% share of total exports. It was followed by Denmark, with a 2.5% share.

From 2012 to 2021, the average annual rate of growth in terms of value in Russia amounted to +11.6%. In the other countries, the average annual rates were as follows: Norway (+22.6% per year) and Denmark (+13.1% per year).

Export Prices by Country

In 2021, the export price in Europe amounted to $X per ton, surging by 57% against the previous year. Overall, the export price showed a prominent increase. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+11.0%), while the other leaders experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports in Europe

In 2021, imports of frozen crabs and crabs meat in Europe stood at X tons, surging by 12% against the year before. The total import volume increased at an average annual rate of +1.1% 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 2019 with an increase of 24%. As a result, imports reached the peak of X tons. From 2020 to 2021, the growth of imports remained at a lower figure.

In value terms, frozen crab and crab meat imports surged to $X in 2021. Total imports indicated a prominent increase from 2012 to 2021: its value increased at an average annual rate of +5.1% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -5.7% against 2019 indices. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

The purchases of the eleven major importers of frozen crabs and crabs meat, namely France, Spain, Denmark, Italy, Portugal, the Netherlands, the UK, Sweden, Norway, Belgium and Ireland, represented more than two-thirds of total import.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Norway (with a CAGR of +34.6%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen crab and crab meat importing markets in Europe were Denmark ($X), France ($X) and Spain ($X), with a combined 52% share of total imports. Norway, the Netherlands, Sweden, Portugal, Italy, Belgium, the UK and Ireland lagged somewhat behind, together accounting for a further 41%.

In terms of the main importing countries, Norway, with a CAGR of +40.6%, recorded the highest rates of growth with regard to 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 Europe stood at $X per ton in 2021, increasing by 13% against the previous year. Over the last nine years, it increased at an average annual rate of +4.0%. The most prominent rate of growth was recorded in 2018 when the import price increased by 24% against the previous year. The level of import peaked in 2021 and is expected to retain growth in the near future.

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

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

Source: IndexBox Platform