Indonesia: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in Indonesia

The Indonesian market for frozen crabs and crabs meat was finally on the rise to reach $X in 2021, after two years of decline. Overall, consumption showed a significant increase. Frozen crab and crab meat consumption peaked in 2021 and is likely to see steady growth in the near future.

Exports of Frozen Crabs And Crabs Meat

Exports from Indonesia

Frozen crab and crab meat exports from Indonesia expanded remarkably to X tons in 2021, growing by 8% on 2020 figures. In general, exports, however, faced a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by 70% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, frozen crab and crab meat exports skyrocketed to $X in 2021. Over the period under review, exports, however, recorded a abrupt slump. The growth pace was the most rapid in 2019 with an increase of 166%. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The United States (X tons), Malaysia (X tons) and Japan (X tons) were the main destinations of frozen crab and crab meat exports from Indonesia, together accounting for 66% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Japan (with a CAGR of +5.9%), while the other leaders experienced a decline.

In value terms, the largest markets for frozen crab and crab meat exported from Indonesia were Japan ($X), the United States ($X) and Malaysia ($X), with a combined 73% share of total exports.

Among the main countries of destination, Japan, with a CAGR of +9.3%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced mixed trend patterns.

Export Prices by Country

In 2021, the average export price for frozen crabs and crabs meat amounted to $X per ton, picking up by 7.2% against the previous year. Over the period under review, export price indicated a modest expansion from 2012 to 2021: its price increased at an average annual rate of +1.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen crab and crab meat export price decreased by -16.0% against 2019 indices. The pace of growth appeared the most rapid in 2019 an increase of 56%. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the average export prices remained at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Japan ($X per ton), while the average price for exports to Malaysia ($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 Taiwan (Chinese) (+8.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports into Indonesia

In 2021, frozen crab and crab meat imports into Indonesia skyrocketed to X tons, jumping by 47% compared with 2020. In general, total imports indicated a tangible expansion from 2012 to 2021: its volume increased at an average annual rate of +4.9% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen crab and crab meat imports skyrocketed to $X in 2021. Overall, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +6.3% 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 -0.0% against 2019 indices. The growth pace was the most rapid in 2016 with an increase of 46% against the previous year. Over the period under review, imports attained the peak figure at $X in 2019; afterwards, it flattened through to 2021.

Imports by Country

In 2021, Tunisia (X tons) constituted the largest supplier of frozen crab and crab meat to Indonesia, accounting for a 42% share of total imports. Moreover, frozen crab and crab meat imports from Tunisia exceeded the figures recorded by the second-largest supplier, China (X tons), threefold. The United States (X tons) ranked third in terms of total imports with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume from Tunisia stood at +723.0%. The remaining supplying countries recorded the following average annual rates of imports growth: China (+4.0% per year) and the United States (-6.1% per year).

In value terms, the largest frozen crab and crab meat suppliers to Indonesia were Canada ($X), Tunisia ($X) and the United States ($X), together accounting for 69% of total imports.

Tunisia, with a CAGR of +768.1%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average import price for frozen crabs and crabs meat amounted to $X per ton, which is down by -10.8% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.3%. The most prominent rate of growth was recorded in 2016 when the average import price increased by 16% against the previous year. The import price peaked at $X per ton in 2017; however, from 2018 to 2021, import prices remained at a lower figure.

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 Canada ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Bahrain (+14.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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