Norway: Crabs, Not Frozen Market 2024

Crabs, Not Frozen Market Size in Norway

In 2022, the Norwegian crabs, not frozen market was finally on the rise to reach $X after nine years of decline. In general, consumption, however, continues to indicate a sharp shrinkage. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2022, consumption stood at a somewhat lower figure.

Crabs, Not Frozen Production in Norway

In value terms, crabs, not frozen production declined to $X in 2022 estimated in export price. In general, production, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2021 with an increase of 1.9% against the previous year. Over the period under review, production hit record highs at $X in 2012; however, from 2013 to 2022, production failed to regain momentum.

Crabs, Not Frozen Exports

Exports from Norway

In 2022, after ten years of growth, there was significant decline in shipments abroad of crabs, not frozen, when their volume decreased by -6.5% to X tons. In general, exports, however, enjoyed significant growth. The pace of growth appeared the most rapid in 2013 with an increase of 220% against the previous year. The exports peaked at X tons in 2021, and then dropped in the following year.

In value terms, crabs, not frozen exports shrank to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2013 when exports increased by 139%. Over the period under review, the exports reached the peak figure at $X in 2021, and then reduced in the following year.

Exports by Country

The United States (X tons) was the main destination for crabs, not frozen exports from Norway, with a 71% share of total exports. Moreover, crabs, not frozen exports to the United States exceeded the volume sent to the second major destination, Italy (X tons), fivefold. Vietnam (X tons) ranked third in terms of total exports with a 3.5% share.

From 2012 to 2022, the average annual growth rate of volume to the United States amounted to +105.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+32.6% per year) and Vietnam (+98.2% per year).

In value terms, the United States ($X) remains the key foreign market for crabs, not frozen exports from Norway, comprising 61% of total exports. The second position in the ranking was held by Italy ($X), with a 14% share of total exports. It was followed by the UK, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value to the United States amounted to +94.1%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (+17.3% per year) and the UK (+10.2% per year).

Export Prices by Country

In 2022, the average crabs, not frozen export price amounted to $X per ton, growing by 3.6% against the previous year. Over the period under review, the export price, however, continues to indicate a deep setback. Over the period under review, the average export prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, the export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Sweden ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the UK (-2.7%), while the prices for the other major destinations experienced a decline.

Crabs, Not Frozen Imports

Imports into Norway

In 2022, purchases abroad of crabs, not frozen increased by 0.7% to X kg, rising for the fifth consecutive year after five years of decline. In general, imports, however, saw a significant curtailment. The pace of growth was the most pronounced in 2018 when imports increased by 1.5%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, crabs, not frozen imports expanded significantly to $X in 2022. Over the period under review, imports, however, continue to indicate a dramatic setback. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

The UK (X kg), Ireland (X kg) and Thailand (X kg) were the main suppliers of crabs, not frozen imports to Norway, with a combined 93% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Ireland (with a CAGR of -2.6%), while purchases for the other leaders experienced a decline.

In value terms, the UK ($X) constituted the largest supplier of crabs, not frozen to Norway, comprising 79% of total imports. The second position in the ranking was held by Ireland ($X), with an 18% share of total imports. It was followed by Thailand, with a 1.1% share.

From 2012 to 2022, the average annual growth rate of value from the UK stood at -22.7%. The remaining supplying countries recorded the following average annual rates of imports growth: Ireland (-14.7% per year) and Thailand (-30.5% per year).

Import Prices by Country

The average crabs, not frozen import price stood at $X per ton in 2022, rising by 4.9% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2017 when the average import price increased by 38%. Over the period under review, average import prices attained the maximum at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (-12.0%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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