India: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in India

For the fifth year in a row, the Indian market for frozen crabs and crabs meat recorded growth in sales value, which increased by 12% to $X in 2021. In general, consumption recorded a significant expansion. Over the period under review, the market reached the peak level in 2021 and is likely to see gradual growth in the immediate term.

Production of Frozen Crabs And Crabs Meat in India

In value terms, frozen crab and crab meat production declined to $X in 2021 estimated in export price. Over the period under review, production, however, saw a resilient expansion. The growth pace was the most rapid in 2013 when the production volume increased by 138% against the previous year. Over the period under review, production reached the peak level at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Frozen Crabs And Crabs Meat

Exports from India

After two years of growth, overseas shipments of frozen crabs and crabs meat decreased by -68.7% to X tons in 2021. In general, exports recorded a abrupt decline. The pace of growth appeared the most rapid in 2017 when exports increased by 38% against the previous year. As a result, the exports reached the peak of X tons. From 2018 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen crab and crab meat exports declined significantly to $X in 2021. Overall, exports continue to indicate a precipitous curtailment. The pace of growth appeared the most rapid in 2017 with an increase of 53%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

Malaysia (X tons), South Korea (X tons) and Taiwan (Chinese) (X tons) were the main destinations of frozen crab and crab meat exports from India, together accounting for 66% of total exports. The Netherlands, the UK, China, Maldives, Portugal, Mauritius, Singapore, the United States, Italy and Thailand lagged somewhat behind, together comprising a further 29%.

From 2012 to 2021, the biggest increases were recorded for Portugal (with a CAGR of +92.6%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Malaysia ($X), South Korea ($X) and the Netherlands ($X) appeared to be the largest markets for frozen crab and crab meat exported from India worldwide, together comprising 58% of total exports. These countries were followed by the UK, Taiwan (Chinese), Maldives, China, the United States, Mauritius, Singapore, Portugal, Italy and Thailand, which together accounted for a further 36%.

Portugal, with a CAGR of +138.0%, recorded the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

The average export price for frozen crabs and crabs meat stood at $X per ton in 2021, increasing by 7.1% against the previous year. Over the period under review, the export price, however, showed a deep downturn. The pace of growth appeared the most rapid in 2013 an increase of 21% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2021, the export prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Portugal (+23.5%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports into India

Frozen crab and crab meat imports into India skyrocketed to X tons in 2021, growing by 244% compared with 2020. Overall, imports saw measured growth. The pace of growth was the most pronounced in 2020 when imports increased by 540% against the previous year. Imports peaked in 2021 and are likely to continue growth in the near future.

In value terms, frozen crab and crab meat imports skyrocketed to $X in 2021. Over the period under review, imports saw a moderate increase. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

In 2021, Bahrain (X tons) constituted the largest supplier of frozen crab and crab meat to India, with a 82% share of total imports. Moreover, frozen crab and crab meat imports from Bahrain exceeded the figures recorded by the second-largest supplier, Bangladesh (X tons), ninefold.

From 2012 to 2021, the average annual growth rate of volume from Bahrain stood at +238.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+59.6% per year) and the UK (-53.2% per year).

In value terms, Bahrain ($X) constituted the largest supplier of frozen crabs and crabs meat to India, comprising 90% of total imports. The second position in the ranking was held by Bangladesh ($X), with a 6.9% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Bahrain stood at +172.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Bangladesh (+63.6% per year) and the UK (-56.8% per year).

Import Prices by Country

In 2021, the average import price for frozen crabs and crabs meat amounted to $X per ton, surging by 174% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. As a result, import 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 supplying countries. In 2021, amid the top importers, the country with the highest price was Bahrain ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+14.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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