New Zealand: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in New Zealand

For the third year in a row, the New Zealand crab and crab meat market recorded growth in sales value, which increased by 26% to $X in 2021. In general, the total consumption indicated a resilient expansion from 2012 to 2021: its value increased at an average annual rate of +9.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption increased by +27.5% against 2017 indices. Over the period under review, the market hit record highs in 2021 and is likely to see gradual growth in the near future.

Production of Crabs and Crab Meat in New Zealand

In value terms, crab and crab meat production fell to $X in 2021 estimated in export price. In general, the total production indicated a mild increase from 2012 to 2021: its value increased at an average annual rate of +1.3% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, production decreased by +0.1% against 2019 indices. The most prominent rate of growth was recorded in 2015 with an increase of 62%. As a result, production reached the peak level of $X. From 2016 to 2021, production growth remained at a somewhat lower figure.

Exports of Crabs and Crab Meat

Exports from New Zealand

In 2021, overseas shipments of crabs and crab meat were finally on the rise to reach X tons after two years of decline. In general, exports, however, recorded a pronounced descent. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

In value terms, crab and crab meat exports surged to $X in 2021. Overall, exports, however, recorded a relatively flat trend pattern. Over the period under review, the exports reached the peak figure at $X in 2018; however, from 2019 to 2021, the exports stood at a somewhat lower figure.

Exports by Country

Australia (X tons), Mauritius (X tons) and Tonga (X kg) were the main destinations of crab and crab meat exports from New Zealand, together accounting for 54% of total exports. These countries were followed by American Samoa, Cook Islands, Papua New Guinea, Kiribati, Fiji and Vanuatu, which together accounted for a further 41%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Kiribati (with a CAGR of +88.5%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for crab and crab meat exported from New Zealand were Mauritius ($X), Australia ($X) and American Samoa ($X), with a combined 71% share of total exports. Cook Islands, Papua New Guinea, Tonga, Fiji, Kiribati and Vanuatu lagged somewhat behind, together accounting for a further 27%.

Kiribati, with a CAGR of +74.9%, recorded the highest rates of growth with regard to the value of exports, in terms of 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 crab and crab meat export price amounted to $X per ton, waning by -5.3% against the previous year. Overall, export price indicated notable growth from 2012 to 2021: its price increased at an average annual rate of +3.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2015 an increase of 33% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2020, and then reduced in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Mauritius ($X per ton), while the average price for exports to Tonga ($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 New Caledonia (+35.3%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports into New Zealand

In 2021, crab and crab meat imports into New Zealand surged to X tons, picking up by 38% on the previous year. Overall, imports posted a significant increase. The pace of growth appeared the most rapid in 2014 when imports increased by 58% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

In value terms, crab and crab meat imports surged to $X in 2021. In general, imports showed a significant expansion. The pace of growth appeared the most rapid in 2013 with an increase of 67% against the previous year. Imports peaked in 2021 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons), Madagascar (X tons) and Thailand (X tons) were the main suppliers of crab and crab meat imports to New Zealand, together comprising 73% of total imports. Bahrain, Tunisia, Bangladesh, Fiji and Myanmar lagged somewhat behind, together accounting for a further 22%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Bangladesh (with a CAGR of +99.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, the largest crab and crab meat suppliers to New Zealand were China ($X), Madagascar ($X) and Thailand ($X), with a combined 69% share of total imports. These countries were followed by Bahrain, Fiji, Bangladesh, Tunisia and Myanmar, which together accounted for a further 21%.

Bangladesh, with a CAGR of +87.1%, recorded the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average crab and crab meat import price amounted to $X per ton, with an increase of 3.4% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +2.5%. The pace of growth appeared the most rapid in 2013 an increase of 20%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Myanmar (+25.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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