Greece: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Greece

The Greek market for prepared or preserved crab meat was estimated at $X in 2021, rising by 3.7% against the previous year. In general, consumption, however, recorded a relatively flat trend pattern. Prepared or preserved crab meat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Prepared Or Preserved Crab Meat in Greece

In value terms, prepared or preserved crab meat production rose slightly to $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 when the production volume increased by 23% against the previous year. Prepared or preserved crab meat production peaked at $X in 2019; however, from 2020 to 2021, production failed to regain momentum.

Exports of Prepared Or Preserved Crab Meat

Exports from Greece

In 2021, prepared or preserved crab meat exports from Greece surged to X kg, increasing by 171% against the year before. In general, exports saw significant growth. The pace of growth appeared the most rapid in 2016 when exports increased by 15,038%. The exports peaked at X tons in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

In value terms, prepared or preserved crab meat exports soared to $X in 2021. Over the period under review, exports posted significant growth. The pace of growth was the most pronounced in 2016 when exports increased by 11,543% against the previous year. The exports peaked at $X in 2017; however, from 2018 to 2021, the exports remained at a lower figure.

Exports by Country

Cyprus (X kg) was the main destination for prepared or preserved crab meat exports from Greece, accounting for a 82% share of total exports. Moreover, prepared or preserved crab meat exports to Cyprus exceeded the volume sent to the second major destination, Bulgaria (X kg), sixfold.

From 2013 to 2021, the average annual rate of growth in terms of volume to Cyprus totaled +59.2%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (+5.8% per year) and Belgium (-56.2% per year).

In value terms, Cyprus ($X) remains the key foreign market for prepared or preserved crab meat exports from Greece, comprising 92% of total exports. The second position in the ranking was held by Bulgaria ($X), with a 6.7% share of total exports.

From 2013 to 2021, the average annual growth rate of value to Cyprus stood at +26.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Bulgaria (-14.1% per year) and Belgium (-68.3% per year).

Export Prices by Country

In 2021, the average export price for prepared or preserved crab meat amounted to $X per ton, growing by 18% against the previous year. In general, the export price, however, faced a dramatic decrease. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Cyprus ($X per ton), while the average price for exports to Belgium ($X per ton) was amongst the lowest.

From 2013 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+33.5%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Or Preserved Crab Meat

Imports into Greece

Prepared or preserved crab meat imports into Greece soared to X tons in 2021, increasing by 20% compared with the previous year's figure. Overall, imports showed a buoyant increase. The growth pace was the most rapid in 2017 when imports increased by 69%. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, prepared or preserved crab meat imports skyrocketed to $X in 2021. In general, imports posted resilient growth. The growth pace was the most rapid in 2014 when imports increased by 175%. As a result, imports reached the peak of $X. From 2015 to 2021, the growth of imports failed to regain momentum.

Imports by Country

In 2021, Portugal (X tons) constituted the largest supplier of prepared or preserved crab meat to Greece, with a 47% share of total imports. Moreover, prepared or preserved crab meat imports from Portugal exceeded the figures recorded by the second-largest supplier, Thailand (X tons), threefold. The third position in this ranking was held by India (X tons), with a 13% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Portugal amounted to +27.0%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+1.3% per year) and India (+1,054.4% per year).

In value terms, the largest prepared or preserved crab meat suppliers to Greece were India ($X), Germany ($X) and Belgium ($X), together accounting for 67% of total imports.

In terms of the main suppliers, India, with a CAGR of +1,088.5%, 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 average import price for prepared or preserved crab meat stood at $X per ton in 2021, surging by 114% against the previous year. In general, the import price, however, saw a abrupt contraction. The import price peaked at $X per ton in 2014; however, from 2015 to 2021, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Portugal ($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 (+5.0%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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