Europe: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Europe

The Europe market for prepared or preserved crab meat expanded markedly to $X in 2021, surging by 10% against the previous year. The market value increased at an average annual rate of +1.9% over the period from 2012 to 2021; the trend pattern remained relatively stable, with somewhat 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 Prepared Or Preserved Crab Meat in Europe

In value terms, prepared or preserved crab meat production rose sharply to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +2.7% over the period from 2012 to 2021; the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2018 when the production volume increased by 16%. As a result, production reached the peak level of $X. From 2019 to 2021, production growth failed to regain momentum.

Exports of Prepared Or Preserved Crab Meat

Exports in Europe

In 2021, shipments abroad of prepared or preserved crab meat was finally on the rise to reach X tons after two years of decline. Over the period under review, exports showed a relatively flat trend pattern. The growth pace was the most rapid in 2017 when exports increased by 50% against the previous year. Over the period under review, the exports reached the maximum 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 soared to $X in 2021. In general, exports showed a perceptible expansion. Over the period under review, the exports attained the peak figure at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

The biggest shipments were from Belgium (X tons), the UK (X tons), Ireland (X tons), Denmark (X tons), the Netherlands (X tons) and Norway (X tons), together finishing at 85% of total export. It was distantly followed by Sweden (X tons), mixing up a 4.8% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +38.0%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Belgium ($X), the UK ($X) and Denmark ($X) constituted the countries with the highest levels of exports in 2021, together comprising 62% of total exports.

Denmark, with a CAGR of +33.9%, recorded the highest rates of growth with regard to the value of exports, in terms of the main exporting countries 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 Europe amounted to $X per ton, with an increase of 16% against the previous year. Export price indicated a notable expansion from 2012 to 2021: its price increased at an average annual rate of +3.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, prepared or preserved crab meat export price decreased by -14.3% against 2019 indices. The pace of growth appeared the most rapid in 2018 an increase of 29% against the previous year. The level of export peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of origin: 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 Ireland (+7.5%), while the other leaders experienced more modest paces of growth.

Imports of Prepared Or Preserved Crab Meat

Imports in Europe

In 2021, purchases abroad of prepared or preserved crab meat increased by 4.7% to X tons for the first time since 2012, thus ending a eight-year declining trend. Over the period under review, imports, however, showed a deep slump. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

In value terms, prepared or preserved crab meat imports soared to $X in 2021. In general, imports, however, recorded a perceptible contraction. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, France (X tons) was the major importer of prepared or preserved crab meat, making up 42% of total imports. It was distantly followed by Germany (X tons), Belgium (X tons), the Netherlands (X tons), the UK (X tons) and Sweden (X tons), together committing a 44% share of total imports. Denmark (X tons) held a relatively small share of total imports.

From 2012 to 2021, average annual rates of growth with regard to prepared or preserved crab meat imports into France stood at -3.0%. At the same time, Denmark (+17.5%) and Sweden (+6.2%) displayed positive paces of growth. Moreover, Denmark emerged as the fastest-growing importer imported in Europe, with a CAGR of +17.5% from 2012-2021. By contrast, Belgium (-1.8%), the Netherlands (-5.4%), the UK (-8.6%) and Germany (-12.6%) illustrated a downward trend over the same period. France (+8.3 p.p.), Sweden (+3.8 p.p.), Denmark (+3.5 p.p.) and Belgium (+2.8 p.p.) significantly strengthened its position in terms of the total imports, while the UK and Germany saw its share reduced by -3% and -12.1% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported prepared or preserved crab meat in Europe, comprising 39% of total imports. The second position in the ranking was held by Germany ($X), with a 13% share of total imports. It was followed by Belgium, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in France totaled -2.0%. In the other countries, the average annual rates were as follows: Germany (-7.7% per year) and Belgium (-0.5% per year).

Import Prices by Country

In 2021, the import price in Europe amounted to $X per ton, growing by 11% against the previous year. Over the last nine-year period, it increased at an average annual rate of +3.0%. The growth pace was the most rapid in 2018 when the import price increased by 11%. Over the period under review, import prices reached the maximum in 2021 and is likely to see gradual growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by the Netherlands (+6.8%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform