Nigeria: Market for Prepared Or Preserved Crab Meat 2025

Market Size for Prepared Or Preserved Crab Meat in Nigeria

The Nigerien market for prepared or preserved crab meat skyrocketed to $X in 2021, rising by 19% against the previous year. Overall, consumption, however, recorded a prominent increase. Over the period under review, the market reached the maximum level at $X in 2019; however, from 2020 to 2021, consumption failed to regain momentum.

Production of Prepared Or Preserved Crab Meat in Nigeria

In value terms, prepared or preserved crab meat production skyrocketed to $X in 2021 estimated in export price. Over the period under review, production, however, enjoyed a prominent increase. The growth pace was the most rapid in 2015 when the production volume increased by 68%. Prepared or preserved crab meat production peaked at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports from Nigeria

In 2021, the amount of prepared or preserved crab meat exported from Nigeria soared to X kg, increasing by 93% against 2020 figures. Over the period under review, exports continue to indicate significant growth. The pace of growth was the most pronounced in 2020 when exports increased by 298% against the previous year. The exports peaked in 2021 and are expected to retain growth in years to come.

In value terms, prepared or preserved crab meat exports skyrocketed to $X in 2021. In general, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2020 when exports increased by 164% against the previous year. Over the period under review, the exports reached the maximum in 2021 and are likely to see gradual growth in the near future.

Exports by Country

Slovakia (X kg) was the main destination for prepared or preserved crab meat exports from Nigeria, with a 89% share of total exports. Moreover, prepared or preserved crab meat exports to Slovakia exceeded the volume sent to the second major destination, Finland (X kg), eightfold.

From 2012 to 2021, the average annual rate of growth in terms of volume to Slovakia totaled +31.9%.

In value terms, Slovakia ($X) remains the key foreign market for prepared or preserved crab meat exports from Nigeria, comprising 87% of total exports. The second position in the ranking was held by Finland ($X), with a 13% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of value to Slovakia stood at +32.2%.

Export Prices by Country

The average export price for prepared or preserved crab meat stood at $X per ton in 2021, stabilizing at the previous year. Over the period under review, the export price, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by 36%. The export price peaked at $X per ton in 2019; however, from 2020 to 2021, the export prices failed to regain momentum.

Average prices varied noticeably for the major foreign markets. In 2021, amid the top suppliers, the country with the highest price was Finland ($X per ton), while the average price for exports to Slovakia totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (+0.2%).

Imports of Prepared Or Preserved Crab Meat

Imports into Nigeria

In 2021, purchases abroad of prepared or preserved crab meat decreased by -90% to X kg, falling for the fourth consecutive year after two years of growth. Overall, imports showed a sharp downturn. The growth pace was the most rapid in 2016 with an increase of 323%. Imports peaked at X tons in 2013; however, from 2014 to 2021, imports remained at a lower figure.

In value terms, prepared or preserved crab meat imports plummeted to $X in 2021. In general, imports saw a dramatic shrinkage. The pace of growth appeared the most rapid in 2016 when imports increased by 535% against the previous year. Over the period under review, imports reached the peak figure at $X in 2013; however, from 2014 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Germany (X kg) constituted the largest supplier of prepared or preserved crab meat to Nigeria, with a 67% share of total imports. Moreover, prepared or preserved crab meat imports from Germany exceeded the figures recorded by the second-largest supplier, South Africa (X kg), sixfold.

From 2012 to 2021, the average annual growth rate of volume from Germany stood at -41.4%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-11.5% per year) and France (-29.8% per year).

In value terms, Germany ($X) constituted the largest supplier of prepared or preserved crab meat to Nigeria, comprising 85% of total imports. The second position in the ranking was taken by South Africa ($X), with an 8% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Germany amounted to -44.0%. The remaining supplying countries recorded the following average annual rates of imports growth: South Africa (-16.1% per year) and France (-39.4% per year).

Import Prices by Country

In 2021, the average import price for prepared or preserved crab meat amounted to $X per ton, increasing by 84% against the previous year. In general, the import price, however, showed a abrupt setback. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2021, import prices stood at a somewhat lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Germany (-5.3%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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