Malaysia: Market for Frozen Crabs And Crabs Meat 2025

Market Size for Frozen Crabs And Crabs Meat in Malaysia

The Malaysian market for frozen crabs and crabs meat soared to $X in 2021, jumping by 524% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption enjoyed a remarkable increase. Frozen crab and crab meat consumption peaked in 2021 and is expected to retain growth in the immediate term.

Exports of Frozen Crabs And Crabs Meat

Exports from Malaysia

In 2021, after two years of growth, there was significant decline in shipments abroad of frozen crabs and crabs meat, when their volume decreased by -22.7% to X tons. Over the period under review, exports, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2013 with an increase of 117% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen crab and crab meat exports dropped sharply to $X in 2021. Overall, exports continue to indicate a abrupt curtailment. The pace of growth was the most pronounced in 2013 with an increase of 85% against the previous year. As a result, the exports reached the peak of $X. From 2014 to 2021, the growth of the exports failed to regain momentum.

Exports by Country

Singapore (X tons), Vietnam (X tons) and Indonesia (X tons) were the main destinations of frozen crab and crab meat exports from Malaysia, with a combined 90% share of total exports. South Korea, China, Thailand and Taiwan (Chinese) lagged somewhat behind, together accounting for a further 9%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by South Korea (with a CAGR of +66.6%), while the other leaders experienced more modest paces of growth.

In value terms, Singapore ($X) remains the key foreign market for frozen crabs and crabs meat exports from Malaysia, comprising 87% of total exports. The second position in the ranking was held by Indonesia ($X), with a 5.8% share of total exports. It was followed by Vietnam, with a 3.2% share.

From 2012 to 2021, the average annual growth rate of value to Singapore amounted to +23.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Indonesia (+6.5% per year) and Vietnam (-1.6% per year).

Export Prices by Country

The average export price for frozen crabs and crabs meat stood at $X per ton in 2021, reducing by -39.3% against the previous year. Overall, the export price showed a abrupt curtailment. The most prominent rate of growth was recorded in 2014 when the average export price increased by 74%. As a result, the export price reached the peak level of $X per ton. From 2015 to 2021, the average export prices remained at a lower figure.

There were significant differences in the average prices for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Thailand ($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 Australia (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports into Malaysia

In 2021, approx. X tons of frozen crabs and crabs meat were imported into Malaysia; with an increase of 190% compared with 2020 figures. Overall, imports posted prominent growth. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen crab and crab meat imports soared to $X in 2021. Over the period under review, total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +7.8% 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 increased by +69.0% against 2016 indices. The growth pace was the most rapid in 2013 when imports increased by 74%. Over the period under review, imports reached the peak figure at $X in 2014; however, from 2015 to 2021, imports stood at a somewhat lower figure.

Imports by Country

Bahrain (X tons), Tunisia (X tons) and Thailand (X tons) were the main suppliers of frozen crab and crab meat imports to Malaysia, together comprising 57% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Tunisia (with a CAGR of +76.4%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Bahrain ($X), Tunisia ($X) and Indonesia ($X) constituted the largest frozen crab and crab meat suppliers to Malaysia, together comprising 55% of total imports.

Among the main suppliers, Tunisia, with a CAGR of +67.5%, saw 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, waning by -56.1% against the previous year. In general, the import price continues to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2020 when the average import price increased by 30%. As a result, import price reached the peak level of $X per ton, and then dropped remarkably in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Pakistan (-1.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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