Italy: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in Italy

In 2021, the Italian market for frozen crabs and crabs meat was finally on the rise to reach $X for the first time since 2016, thus ending a four-year declining trend. Overall, the total consumption indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.1% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Frozen crab and crab meat consumption peaked at $X in 2016; however, from 2017 to 2021, consumption failed to regain momentum.

Exports of Frozen Crabs And Crabs Meat

Exports from Italy

In 2021, approx. X tons of frozen crabs and crabs meat were exported from Italy; with an increase of 79% compared with 2020 figures. Overall, exports recorded a buoyant expansion. The growth pace was the most rapid in 2017 with an increase of 403%. Over the period under review, the exports attained the peak figure at X tons in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

In value terms, frozen crab and crab meat exports surged to $X in 2021. Over the period under review, exports saw a resilient increase. Over the period under review, the exports hit record highs at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Malta (X tons) was the main destination for frozen crab and crab meat exports from Italy, with a 45% share of total exports. Moreover, frozen crab and crab meat exports to Malta exceeded the volume sent to the second major destination, Denmark (X tons), fourfold. The third position in this ranking was held by France (X tons), with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Malta stood at +46.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (0.0% per year) and France (+17.1% per year).

In value terms, the largest markets for frozen crab and crab meat exported from Italy were Austria ($X), Malta ($X) and France ($X), together accounting for 71% of total exports.

Austria, with a CAGR of +53.5%, saw the highest rates of growth with regard to the value of exports, among the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2021, the average export price for frozen crabs and crabs meat amounted to $X per ton, growing by 12% against the previous year. Over the period under review, the export price showed a noticeable expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 219% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 to 2021, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Austria ($X per ton), while the average price for exports to Denmark ($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 Austria (+17.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports into Italy

In 2021, supplies from abroad of frozen crabs and crabs meat was finally on the rise to reach X tons for the first time since 2016, thus ending a four-year declining trend. Over the period under review, total imports indicated a prominent increase from 2012 to 2021: its volume increased at an average annual rate of +6.5% over the last nine-year period. 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, frozen crab and crab meat imports soared to $X in 2021. Overall, total imports indicated resilient growth from 2012 to 2021: its value increased at an average annual rate of +7.2% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Imports peaked at $X in 2016; however, from 2017 to 2021, imports failed to regain momentum.

Imports by Country

Tunisia (X tons), France (X tons) and the Netherlands (X tons) were the main suppliers of frozen crab and crab meat imports to Italy, together comprising 77% of total imports. These countries were followed by Ireland, China, Malta, Greece, Spain, Denmark, Senegal, Belgium and India, which together accounted for a further 19%.

From 2012 to 2021, the biggest increases were recorded for Malta (with a CAGR of +130.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen crab and crab meat suppliers to Italy were France ($X), Tunisia ($X) and Denmark ($X), with a combined 72% share of total imports.

Among the main suppliers, Tunisia, with a CAGR of +103.7%, recorded 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 frozen crabs and crabs meat stood at $X per ton in 2021, flattening at the previous year. Over the period under review, the import price, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 an increase of 7.3%. The import price peaked at $X per ton in 2020, and then reduced slightly in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Denmark ($X per ton), while the price for Malta ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Denmark (+13.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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