Italy: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in Italy

After two years of decline, the Italian crab and crab meat market increased by 43% to $X in 2021. In general, the total consumption indicated a strong increase from 2012 to 2021: its value increased at an average annual rate of +6.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market attained the peak level at $X in 2018; however, from 2019 to 2021, consumption remained at a lower figure.

Production of Crabs and Crab Meat in Italy

In value terms, crab and crab meat production dropped remarkably to $X in 2021 estimated in export price. Overall, production posted a significant increase. The most prominent rate of growth was recorded in 2015 when the production volume increased by 341% against the previous year. Over the period under review, production attained the maximum level at $X in 2020, and then reduced markedly in the following year.

Exports of Crabs and Crab Meat

Exports from Italy

In 2021, approx. X tons of crabs and crab meat were exported from Italy; rising by 65% against the year before. Overall, exports showed mild growth. The pace of growth was the most pronounced in 2017 with an increase of 169% against the previous year. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports stood at a somewhat lower figure.

In value terms, crab and crab meat exports soared to $X in 2021. Over the period under review, exports continue to indicate prominent growth. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Malta (X tons), Croatia (X tons) and France (X tons) were the main destinations of crab and crab meat exports from Italy, together comprising 60% of total exports. These countries were followed by Denmark, Austria, Spain and Germany, which together accounted for a further 26%.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +219.1%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Austria ($X), Malta ($X) and Croatia ($X) appeared to be the largest markets for crab and crab meat exported from Italy worldwide, with a combined 60% share of total exports. These countries were followed by France, Germany, Denmark and Spain, which together accounted for a further 20%.

Among the main countries of destination, Denmark, with a CAGR of +91.0%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crab and crab meat export price stood at $X per ton in 2021, surging by 22% against the previous year. In general, the export price showed a prominent increase. The most prominent rate of growth was recorded in 2020 an increase of 137% against the previous year. Over the period under review, the average export prices reached the maximum in 2021 and is expected to retain growth in years to come.

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 Austria ($X per ton), while the average price for exports to Spain ($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 France (+28.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports into Italy

In 2021, after four years of decline, there was significant growth in overseas purchases of crabs and crab meat, when their volume increased by 53% to X tons. Over the period under review, total imports indicated moderate growth from 2012 to 2021: its volume increased at an average annual rate of +3.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at X tons in 2016; however, from 2017 to 2021, imports failed to regain momentum.

In value terms, crab and crab meat imports surged to $X in 2021. Overall, total imports indicated a moderate increase from 2012 to 2021: its value increased at an average annual rate of +4.8% 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 -7.1% against 2019 indices. Over the period under review, imports reached the peak figure at $X in 2019; however, from 2020 to 2021, imports stood at a somewhat lower figure.

Imports by Country

France (X tons), Tunisia (X tons) and Ireland (X tons) were the main suppliers of crab and crab meat imports to Italy, together comprising 80% of total imports.

From 2012 to 2021, the biggest increases were recorded for Tunisia (with a CAGR of +94.4%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X) constituted the largest supplier of crabs and crab meat to Italy, comprising 42% of total imports. The second position in the ranking was taken by Tunisia ($X), with a 16% share of total imports. It was followed by Spain, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value from France stood at +7.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (+106.8% per year) and Spain (+23.3% per year).

Import Prices by Country

In 2021, the average crab and crab meat import price amounted to $X per ton, increasing by 4.6% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +1.8%. The pace of growth appeared the most rapid in 2018 when the average import price increased by 16%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices stood at a somewhat 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 Denmark ($X per ton), while the price for Tunisia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Spain (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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