New Zealand: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in New Zealand

The New Zealand market for prepared or preserved crab meat was finally on the rise to reach $X in 2021, after three years of decline. In general, consumption, however, continues to indicate a abrupt curtailment. Over the period under review, the market reached the maximum level at $X in 2013; however, from 2014 to 2021, consumption remained at a lower figure.

Production of Prepared Or Preserved Crab Meat in New Zealand

In value terms, prepared or preserved crab meat production stood at $X in 2021 estimated in export price. Overall, production, however, saw a abrupt shrinkage. The most prominent rate of growth was recorded in 2016 when the production volume increased by 39%. Prepared or preserved crab meat production peaked at $X in 2013; however, from 2014 to 2021, production failed to regain momentum.

Exports of Prepared Or Preserved Crab Meat

Exports from New Zealand

In 2021, shipments abroad of prepared or preserved crab meat decreased by -11% to X tons, falling for the eighth consecutive year after two years of growth. In general, exports saw a pronounced curtailment. The most prominent rate of growth was recorded in 2013 when exports increased by 143% against the previous year. As a result, the exports attained the peak of X tons. From 2014 to 2021, the growth of the exports failed to regain momentum.

In value terms, prepared or preserved crab meat exports shrank slightly to $X in 2021. Overall, exports continue to indicate a perceptible decline. The pace of growth was the most pronounced in 2013 with an increase of 127% against the previous year. As a result, the exports attained the peak of $X. From 2014 to 2021, the growth of the exports remained at a somewhat lower figure.

Exports by Country

French Polynesia (X tons), Papua New Guinea (X tons) and New Caledonia (X tons) were the main destinations of prepared or preserved crab meat exports from New Zealand, together accounting for 73% of total exports.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by French Polynesia (with a CAGR of +196.0%), while the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared or preserved crab meat exported from New Zealand were French Polynesia ($X), Papua New Guinea ($X) and New Caledonia ($X), together comprising 70% of total exports.

In terms of the main countries of destination, French Polynesia, with a CAGR of +159.0%, saw the highest growth rate of 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, growing by 8.3% against the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The growth pace was the most rapid in 2016 when the average export price increased by 21% against the previous year. The export price peaked at $X per ton in 2012; however, from 2013 to 2021, the export prices failed to regain momentum.

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 Solomon Islands ($X per ton), while the average price for exports to New Caledonia ($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 Niue (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Crab Meat

Imports into New Zealand

For the third year in a row, New Zealand recorded growth in supplies from abroad of prepared or preserved crab meat, which increased by 31% to X tons in 2021. Over the period under review, imports continue to indicate resilient growth. The most prominent rate of growth was recorded in 2017 when imports increased by 51% against the previous year. Over the period under review, imports reached the peak figure in 2021 and are expected to retain growth in years to come.

In value terms, prepared or preserved crab meat imports soared to $X in 2021. Overall, imports continue to indicate prominent growth. The pace of growth was the most pronounced in 2017 with an increase of 54%. Over the period under review, imports hit record highs in 2021 and are expected to retain growth in years to come.

Imports by Country

China (X tons), Thailand (X tons) and Vietnam (X tons) were the main suppliers of prepared or preserved crab meat imports to New Zealand, with a combined 81% share of total imports. Canada, Chile, Australia, Japan, the United States, Malaysia and South Korea lagged somewhat behind, together accounting for a further 17%.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Canada (with a CAGR of +718.5%), while imports for the other leaders experienced more modest paces of growth.

In value terms, China ($X) constituted the largest supplier of prepared or preserved crab meat to New Zealand, comprising 52% of total imports. The second position in the ranking was held by Thailand ($X), with a 14% share of total imports. It was followed by Chile, with a 9.2% share.

From 2012 to 2021, the average annual growth rate of value from China totaled +77.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+4.5% per year) and Chile (+26.1% per year).

Import Prices by Country

The average import price for prepared or preserved crab meat stood at $X per ton in 2021, picking up by 2.5% against the previous year. In general, the import price showed prominent growth. The most prominent rate of growth was recorded in 2016 when the average import price increased by 53%. Over the period under review, average import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2021, import prices failed to regain momentum.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by South Korea (+6.1%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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