Middle East: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in the Middle East

The Middle Eastern market for prepared or preserved crab meat was finally on the rise to reach $X in 2021, after four years of decline. Over the period under review, consumption, however, showed a perceptible slump. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Prepared Or Preserved Crab Meat in the Middle East

In value terms, prepared or preserved crab meat production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a perceptible decline. The level of production peaked at $X in 2014; however, from 2015 to 2021, production failed to regain momentum.

Exports of Prepared Or Preserved Crab Meat

Exports in the Middle East

In 2021, the amount of prepared or preserved crab meat exported in the Middle East plummeted to X tons, waning by -27.6% on 2020. Over the period under review, exports recorded a abrupt downturn. The pace of growth appeared the most rapid in 2013 with an increase of 49% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2021, the exports stood at a somewhat lower figure.

In value terms, prepared or preserved crab meat exports dropped notably to $X in 2021. In general, exports saw a abrupt shrinkage. The pace of growth appeared the most rapid in 2014 when exports increased by 123% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

The United Arab Emirates was the key exporter of prepared or preserved crab meat in the Middle East, with the volume of exports reaching X tons, which was approx. 66% of total exports in 2021. Bahrain (X tons) took the second position in the ranking, followed by Lebanon (X tons) and Saudi Arabia (X tons). All these countries together held near 31% share of total exports. Oman (X kg) took a little share of total exports.

Exports from the United Arab Emirates increased at an average annual rate of +2.3% from 2012 to 2021. At the same time, Lebanon (+27.3%) displayed positive paces of growth. Moreover, Lebanon emerged as the fastest-growing exporter exported in the Middle East, with a CAGR of +27.3% from 2012-2021. By contrast, Saudi Arabia (-2.5%), Bahrain (-16.7%) and Oman (-20.5%) illustrated a downward trend over the same period. The United Arab Emirates (+32 p.p.) and Lebanon (+8.3 p.p.) significantly strengthened its position in terms of the total exports, while Oman and Bahrain saw its share reduced by -6.9% and -35.6% from 2012 to 2021, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the United Arab Emirates ($X) remains the largest prepared or preserved crab meat supplier in the Middle East, comprising 67% of total exports. The second position in the ranking was held by Bahrain ($X), with a 12% share of total exports. It was followed by Lebanon, with an 8.7% share.

From 2012 to 2021, the average annual growth rate of value in the United Arab Emirates was relatively modest. In the other countries, the average annual rates were as follows: Bahrain (-16.3% per year) and Lebanon (+16.7% per year).

Export Prices by Country

The export price in the Middle East stood at $X per ton in 2021, with an increase of 4% against the previous year. Over the period under review, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2019 when the export price increased by 122% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2020 to 2021, the export prices failed to regain momentum.

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 Saudi Arabia ($X per ton), while Bahrain ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Saudi Arabia (+0.9%), while the other leaders experienced mixed trends in the export price figures.

Imports of Prepared Or Preserved Crab Meat

Imports in the Middle East

Prepared or preserved crab meat imports soared to X tons in 2021, increasing by 75% on the previous year. Total imports indicated a prominent expansion from 2012 to 2021: its volume increased at an average annual rate of +7.4% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

In value terms, prepared or preserved crab meat imports soared to $X in 2021. Total imports indicated a remarkable increase from 2012 to 2021: its value increased at an average annual rate of +10.5% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, imports attained the peak and are likely to continue growth in the immediate term.

Imports by Country

Lebanon was the largest importer of prepared or preserved crab meat in the Middle East, with the volume of imports resulting at X tons, which was near 59% of total imports in 2021. The United Arab Emirates (X tons) held a 20% share (based on physical terms) of total imports, which put it in second place, followed by Iraq (9.2%) and Qatar (4.9%). Kuwait (X tons) and Turkey (X tons) followed a long way behind the leaders.

Imports into Lebanon increased at an average annual rate of +4.7% from 2012 to 2021. At the same time, Qatar (+68.0%), Turkey (+46.7%), Iraq (+40.7%), Kuwait (+17.9%) and the United Arab Emirates (+10.0%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in the Middle East, with a CAGR of +68.0% from 2012-2021. While the share of Iraq (+8.4 p.p.), Qatar (+4.9 p.p.), the United Arab Emirates (+3.9 p.p.), Kuwait (+2 p.p.) and Turkey (+1.9 p.p.) increased significantly in terms of the total imports from 2012-2021, the share of Lebanon (-15.2 p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported prepared or preserved crab meat in the Middle East, comprising 48% of total imports. The second position in the ranking was held by Lebanon ($X), with a 23% share of total imports. It was followed by Qatar, with a 14% share.

From 2012 to 2021, the average annual rate of growth in terms of value in the United Arab Emirates totaled +12.4%. The remaining importing countries recorded the following average annual rates of imports growth: Lebanon (+1.9% per year) and Qatar (+70.3% per year).

Import Prices by Country

The import price in the Middle East stood at $X per ton in 2021, surging by 2.7% against the previous year. Over the last nine years, it increased at an average annual rate of +2.9%. The pace of growth was the most pronounced in 2020 when the import price increased by 33%. Over the period under review, import prices hit record highs in 2021 and is likely to see steady growth in years to come.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Qatar ($X per ton), while Lebanon ($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 (+3.0%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform

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