Norway: Market for Crabs and Crab Meat 2025

Market Size for Crabs and Crab Meat in Norway

The Norwegian crab and crab meat market fell rapidly to $X in 2021, which is down by -23.6% against the previous year. Over the period under review, the total consumption indicated a measured increase from 2012 to 2021: its value increased at an average annual rate of +2.7% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2020, and then dropped markedly in the following year.

Production of Crabs and Crab Meat in Norway

In value terms, crab and crab meat production shrank modestly to $X in 2021 estimated in export price. Overall, production, however, recorded a strong increase. The most prominent rate of growth was recorded in 2016 with an increase of 49% against the previous year. Crab and crab meat production peaked at $X in 2020, and then reduced slightly in the following year.

Exports of Crabs and Crab Meat

Exports from Norway

In 2021, approx. X tons of crabs and crab meat were exported from Norway; growing by 42% on 2020 figures. Overall, exports showed a significant increase. The pace of growth was the most pronounced in 2015 when exports increased by 90% against the previous year. Over the period under review, the exports hit record highs in 2021 and are likely to continue growth in the immediate term.

In value terms, crab and crab meat exports soared to $X in 2021. Over the period under review, exports showed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

The United States (X tons), Denmark (X tons) and South Korea (X tons) were the main destinations of crab and crab meat exports from Norway, with a combined 58% share of total exports. These countries were followed by Japan, Hong Kong SAR, France, the Netherlands, China and Sweden, which together accounted for a further 29%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +161.5%), while the other leaders experienced more modest paces of growth.

In value terms, the United States ($X) remains the key foreign market for crabs and crab meat exports from Norway, comprising 30% of total exports. The second position in the ranking was taken by Denmark ($X), with a 13% share of total exports. It was followed by South Korea, with an 11% share.

From 2012 to 2021, the average annual rate of growth in terms of value to the United States stood at +43.6%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (+37.8% per year) and South Korea (+71.9% per year).

Export Prices by Country

The average crab and crab meat export price stood at $X per ton in 2021, jumping by 34% against the previous year. Over the period under review, export price indicated a moderate increase from 2012 to 2021: its price increased at an average annual rate of +4.2% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices for the major overseas markets. In 2021, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to France ($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 Hong Kong SAR (+10.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports into Norway

In 2021, the amount of crabs and crab meat imported into Norway soared to X tons, rising by 180% against the previous year. Overall, imports saw significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 252%. Over the period under review, imports reached the maximum in 2021 and are likely to see gradual growth in the near future.

In value terms, crab and crab meat imports skyrocketed to $X in 2021. In general, imports continue to indicate significant growth. The pace of growth appeared the most rapid in 2018 with an increase of 181% against the previous year. Over the period under review, imports attained the maximum in 2021 and are expected to retain growth in years to come.

Imports by Country

Denmark (X tons), Russia (X tons) and the UK (X tons) were the main suppliers of crab and crab meat imports to Norway, together accounting for 86% of total imports.

From 2012 to 2021, the biggest increases were recorded for Denmark (with a CAGR of +95.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of crabs and crab meat to Norway, comprising 82% of total imports. The second position in the ranking was taken by the UK ($X), with a 6.2% share of total imports. It was followed by Denmark, with a 4.3% share.

From 2012 to 2021, the average annual growth rate of value from Russia amounted to +46.7%. The remaining supplying countries recorded the following average annual rates of imports growth: the UK (+27.9% per year) and Denmark (+45.5% per year).

Import Prices by Country

The average crab and crab meat import price stood at $X per ton in 2021, which is down by -10% against the previous year. Over the period under review, the import price saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2015 an increase of 33% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2021, import prices remained at a lower figure.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+5.9%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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