India: Crabs, Not Frozen Market 2024

Crabs, Not Frozen Market Size in India

The Indian crabs, not frozen market totaled $X in 2022, flattening at the previous year. Over the period under review, consumption, however, saw resilient growth. Over the period under review, the market attained the maximum level at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Crabs, Not Frozen Production in India

In value terms, crabs, not frozen production totaled $X in 2022 estimated in export price. In general, the total production indicated a prominent expansion from 2012 to 2022: its value increased at an average annual rate of +6.1% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -2.2% against 2020 indices. The pace of growth appeared the most rapid in 2017 with an increase of 27% against the previous year. Crabs, not frozen production peaked at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Crabs, Not Frozen Exports

Exports from India

In 2022, after five years of decline, there was significant growth in overseas shipments of crabs, not frozen, when their volume increased by 6.4% to X tons. In general, exports, however, faced a abrupt contraction. The pace of growth appeared the most rapid in 2015 when exports increased by 44% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, crabs, not frozen exports stood at $X in 2022. Over the period under review, exports, however, continue to indicate a abrupt setback. The growth pace was the most rapid in 2016 when exports increased by 75%. As a result, the exports attained the peak of $X. From 2017 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons), Taiwan (Chinese) (X tons) and Singapore (X tons) were the main destinations of crabs, not frozen exports from India, together comprising 80% of total exports.

From 2012 to 2022, the biggest increases were recorded for Taiwan (Chinese) (with a CAGR of -0.5%), while shipments for the other leaders experienced a decline.

In value terms, Singapore ($X), China ($X) and the United States ($X) appeared to be the largest markets for crabs, not frozen exported from India worldwide, together accounting for 81% of total exports. Thailand, Taiwan (Chinese) and Hong Kong SAR lagged somewhat behind, together accounting for a further 17%.

In terms of the main countries of destination, Hong Kong SAR, with a CAGR of +11.6%, recorded the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced a decline.

Export Prices by Country

In 2022, the average crabs, not frozen export price amounted to $X per ton, dropping by -5.1% against the previous year. In general, the export price, however, continues to indicate a resilient increase. The growth pace was the most rapid in 2017 when the average export price increased by 36% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then contracted in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+27.3%), while the prices for the other major destinations experienced more modest paces of growth.

Crabs, Not Frozen Imports

Imports into India

In 2022, purchases abroad of crabs, not frozen decreased by 0% to X kg, falling for the ninth consecutive year after two years of growth. Over the period under review, imports recorded a abrupt setback. The pace of growth was the most pronounced in 2013 when imports increased by 342%. As a result, imports attained the peak of X kg. From 2014 to 2022, the growth of imports remained at a lower figure.

In value terms, crabs, not frozen imports expanded markedly to $X in 2022. In general, imports saw a abrupt decline. The most prominent rate of growth was recorded in 2013 with an increase of 28%. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Singapore (X kg) constituted the largest supplier of crabs, not frozen to India, with a 86% share of total imports. Moreover, crabs, not frozen imports from Singapore exceeded the figures recorded by the second-largest supplier, Thailand (X kg), sixfold.

From 2012 to 2022, the average annual growth rate of volume from Singapore stood at -14.0%.

In value terms, Singapore ($X) constituted the largest supplier of crabs, not frozen to India, comprising 99% of total imports. The second position in the ranking was taken by Thailand ($X), with a 1.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Singapore totaled -12.2%.

Import Prices by Country

The average crabs, not frozen import price stood at $X per ton in 2022, picking up by 5.6% against the previous year. In general, the import price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the average import price increased by 161% against the previous year. Over the period under review, average import prices reached the peak figure in 2022 and is likely to continue growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Singapore ($X per ton), while the price for Thailand stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Singapore (+2.0%).

Source: IndexBox Platform

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