Middle East: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in the Middle East

In 2021, the Middle Eastern market for frozen crabs and crabs meat increased by 35% to $X, rising for the second consecutive year after four years of decline. Overall, consumption, however, saw a slight descent. Over the period under review, the market hit record highs at $X in 2015; however, from 2016 to 2021, consumption remained at a lower figure.

Production of Frozen Crabs And Crabs Meat in the Middle East

In value terms, frozen crab and crab meat production reduced to $X in 2021 estimated in export price. The total output value increased at an average annual rate of +1.3% from 2012 to 2021; the trend pattern remained relatively stable, with only minor fluctuations being observed throughout the analyzed period. The pace of growth appeared the most rapid in 2020 when the production volume increased by 13%. As a result, production reached the peak level of $X, and then fell in the following year.

Exports of Frozen Crabs And Crabs Meat

Exports in the Middle East

In 2021, overseas shipments of frozen crabs and crabs meat decreased by -17.6% to X tons, falling for the second year in a row after four years of growth. Overall, exports, however, saw a buoyant increase. The growth pace was the most rapid in 2018 with an increase of 66% against the previous year. Over the period under review, the exports hit record highs 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 dropped significantly to $X in 2021. Over the period under review, exports, however, enjoyed a strong expansion. The most prominent rate of growth was recorded in 2018 when exports increased by 52%. Over the period under review, the exports attained the peak figure at $X in 2019; however, from 2020 to 2021, the exports remained at a lower figure.

Exports by Country

Bahrain prevails in exports structure, accounting for X tons, which was near 94% of total exports in 2021. The following exporters - Saudi Arabia (X tons), the United Arab Emirates (X tons) and Yemen (X tons) - each resulted at a 5.1% share of total exports.

Exports from Bahrain increased at an average annual rate of +8.5% from 2012 to 2021. At the same time, Saudi Arabia (+67.3%), Yemen (+18.5%) and the United Arab Emirates (+15.6%) displayed positive paces of growth. Moreover, Saudi Arabia emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +67.3% from 2012-2021. Saudi Arabia (+1.9 p.p.) significantly strengthened its position in terms of the total exports, while Bahrain saw its share reduced by -2.8% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bahrain ($X) remains the largest frozen crab and crab meat supplier in the Middle East, comprising 90% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a 4.4% share of total exports. It was followed by Yemen, with a 2.2% share.

In Bahrain, frozen crab and crab meat exports expanded at an average annual rate of +7.2% over the period from 2012-2021. The remaining exporting countries recorded the following average annual rates of exports growth: the United Arab Emirates (+14.1% per year) and Yemen (+20.3% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, almost unchanged from the previous year. Over the period under review, the export price showed a slight slump. The most prominent rate of growth was recorded in 2020 an increase of 8.1% against the previous year. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

There were significant differences in the average prices amongst the major exporting countries. In 2021, amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while Saudi Arabia ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Yemen (+1.5%), while the other leaders experienced a decline in the export price figures.

Imports of Frozen Crabs And Crabs Meat

Imports in the Middle East

For the fourth year in a row, the Middle East recorded growth in supplies from abroad of frozen crabs and crabs meat, which increased by 10% to X tons in 2021. Over the period under review, imports enjoyed a buoyant increase. The growth pace was the most rapid in 2020 with an increase of 52%. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, frozen crab and crab meat imports skyrocketed to $X in 2021. Overall, imports posted a resilient increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

The United Arab Emirates represented the largest importing country with an import of about X tons, which resulted at 56% of total imports. Iran (X tons) took the second position in the ranking, followed by Qatar (X tons), Kuwait (X tons) and Israel (X tons). All these countries together held approx. 34% share of total imports. Turkey (X tons) and Oman (X tons) took a little share of total imports.

Imports into the United Arab Emirates increased at an average annual rate of +6.1% from 2012 to 2021. At the same time, Iran (+69.7%), Qatar (+30.1%), Kuwait (+13.7%) and Turkey (+5.1%) displayed positive paces of growth. Moreover, Iran emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +69.7% from 2012-2021. Israel experienced a relatively flat trend pattern. By contrast, Oman (-10.2%) illustrated a downward trend over the same period. From 2012 to 2021, the share of Iran, Qatar and Kuwait increased by +15, +6.8 and +2.4 percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported frozen crabs and crabs meat in the Middle East, comprising 57% of total imports. The second position in the ranking was taken by Turkey ($X), with a 12% share of total imports. It was followed by Qatar, with a 12% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates amounted to +7.4%. The remaining importing countries recorded the following average annual rates of imports growth: Turkey (+18.7% per year) and Qatar (+31.9% per year).

Import Prices by Country

In 2021, the import price in the Middle East amounted to $X per ton, increasing by 69% against the previous year. Import price indicated measured growth from 2012 to 2021: its price increased at an average annual rate of +2.6% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The level of import peaked at $X per ton in 2017; however, from 2018 to 2021, import prices stood at a somewhat lower figure.

There were significant differences in the average prices amongst the major importing countries. In 2021, amid the top importers, the country with the highest price was Turkey ($X per ton), while Oman ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Turkey (+13.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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