Japan: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Japan

In 2021, the Japanese market for prepared or preserved crab meat decreased by -10.4% to $X, falling for the third year in a row after three years of growth. Over the period under review, consumption saw a abrupt descent. The most prominent rate of growth was recorded in 2016 with an increase of 6% against the previous year. Prepared or preserved crab meat consumption peaked at $X in 2012; however, from 2013 to 2021, consumption remained at a lower figure.

Production of Prepared Or Preserved Crab Meat in Japan

In value terms, prepared or preserved crab meat production fell slightly to $X in 2021 estimated in export price. Overall, production, however, posted resilient growth. The pace of growth was the most pronounced in 2018 with an increase of 32%. Over the period under review, production hit record highs at $X in 2020, and then contracted in the following year.

Exports of Prepared Or Preserved Crab Meat

Exports from Japan

In 2021, exports of prepared or preserved crab meat from Japan surged to X tons, growing by 17% on the year before. In general, exports, however, showed a abrupt setback. The exports peaked at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, prepared or preserved crab meat exports rose sharply to $X in 2021. Over the period under review, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2018 with an increase of 20% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are expected to retain growth in years to come.

Exports by Country

Namibia (X tons), Hong Kong SAR (X tons) and the United States (X tons) were the main destinations of prepared or preserved crab meat exports from Japan, with a combined 81% share of total exports. Taiwan (Chinese), Thailand, the United Arab Emirates and Singapore lagged somewhat behind, together accounting for a further 18%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +67.9%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared or preserved crab meat exported from Japan were Hong Kong SAR ($X), Namibia ($X) and Taiwan (Chinese) ($X), together accounting for 78% of total exports. These countries were followed by Thailand, the United States, Singapore and the United Arab Emirates, which together accounted for a further 19%.

Among the main countries of destination, Thailand, with a CAGR of +71.8%, recorded the highest rates of growth with regard to 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

In 2021, the average export price for prepared or preserved crab meat amounted to $X per ton, waning by -8.5% against the previous year. In general, the export price, however, recorded a strong increase. The most prominent rate of growth was recorded in 2018 when the average export price increased by 48% against the previous year. Over the period under review, the average export prices reached the maximum at $X per ton in 2020, and then declined in the following year.

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 Taiwan (Chinese) ($X per ton), while the average price for exports to the United States ($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 Namibia (+4.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Crab Meat

Imports into Japan

In 2021, approx. X tons of prepared or preserved crab meat were imported into Japan; with a decrease of -3.5% on 2020 figures. Overall, imports recorded a abrupt curtailment. The smallest decline of -0.2% was in 2013. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, prepared or preserved crab meat imports shrank to $X in 2021. Over the period under review, imports showed a abrupt slump. The most prominent rate of growth was recorded in 2016 when imports increased by 7.3%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

China (X tons), South Korea (X tons) and Vietnam (X tons) were the main suppliers of prepared or preserved crab meat imports to Japan, together comprising 88% of total imports.

From 2012 to 2021, the biggest increases were recorded for Vietnam (with a CAGR of +3.8%), while purchases for the other leaders experienced a decline.

In value terms, China ($X) constituted the largest supplier of prepared or preserved crab meat to Japan, comprising 50% of total imports. The second position in the ranking was held by Vietnam ($X), with a 17% share of total imports. It was followed by South Korea, with a 16% share.

From 2012 to 2021, the average annual growth rate of value from China totaled -11.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+5.6% per year) and South Korea (-9.0% per year).

Import Prices by Country

The average import price for prepared or preserved crab meat stood at $X per ton in 2021, declining by -7.8% against the previous year. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 an increase of 18%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Indonesia (+3.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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