Norway: Market for Frozen Crabs And Crabs Meat 2025

Market Size for Frozen Crabs And Crabs Meat in Norway

In 2021, the Norwegian market for frozen crabs and crabs meat decreased by -53% to $X, falling for the third year in a row after two years of growth. In general, consumption recorded a abrupt downturn. Over the period under review, the market attained the peak level at $X in 2012; however, from 2013 to 2021, consumption stood at a somewhat lower figure.

Production of Frozen Crabs And Crabs Meat in Norway

In value terms, frozen crab and crab meat production stood at $X in 2021 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 with an increase of 22%. Over the period under review, production hit record highs at $X in 2019; however, from 2020 to 2021, production remained at a lower figure.

Exports of Frozen Crabs And Crabs Meat

Exports from Norway

Frozen crab and crab meat exports from Norway soared to X tons in 2021, growing by 55% on the year before. Over the period under review, exports saw a prominent increase. The most prominent rate of growth was recorded in 2015 with an increase of 129% against the previous year. Over the period under review, the exports reached the peak figure in 2021 and are likely to see gradual growth in years to come.

In value terms, frozen crab and crab meat exports surged to $X in 2021. Overall, exports posted significant growth. 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 Japan (X tons) were the main destinations of frozen crab and crab meat exports from Norway, together accounting for 68% of total exports. France, the Netherlands, Vietnam, China, South Korea and Sweden lagged somewhat behind, together comprising a further 22%.

From 2012 to 2021, the biggest increases were recorded for South Korea (with a CAGR of +135.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen crab and crab meat exported from Norway were the United States ($X), Denmark ($X) and Japan ($X), together accounting for 67% of total exports. These countries were followed by the Netherlands, France, South Korea, Sweden, China and Vietnam, which together accounted for a further 21%.

Among the main countries of destination, South Korea, with a CAGR of +157.6%, saw the highest rates of growth with regard to 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 frozen crabs and crabs meat amounted to $X per ton, picking up by 41% against the previous year. Overall, export price indicated a noticeable increase from 2012 to 2021: its price increased at an average annual rate of +3.0% 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 Sweden ($X per ton), while the average price for exports to Vietnam ($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 South Korea (+9.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports into Norway

In 2021, after two years of decline, there was significant growth in overseas purchases of frozen crabs and crabs meat, when their volume increased by 133% to X tons. Over the period under review, imports posted a significant expansion. The most prominent rate of growth was recorded in 2014 when imports increased by 170%. Imports peaked in 2021 and are expected to retain growth in the near future.

In value terms, frozen crab and crab meat imports skyrocketed to $X in 2021. In general, imports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of 188% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

Imports by Country

In 2021, Russia (X tons) constituted the largest supplier of frozen crab and crab meat to Norway, with a 82% share of total imports. Moreover, frozen crab and crab meat imports from Russia exceeded the figures recorded by the second-largest supplier, Vietnam (X tons), ninefold.

From 2012 to 2021, the average annual rate of growth in terms of volume from Russia totaled +45.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+33.2% per year) and Poland (0.0% per year).

In value terms, Russia ($X) constituted the largest supplier of frozen crabs and crabs meat to Norway, comprising 92% of total imports. The second position in the ranking was held by Vietnam ($X), with a 3.9% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of value from Russia amounted to +46.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Vietnam (+33.4% per year) and Poland (0.0% per year).

Import Prices by Country

In 2021, the average import price for frozen crabs and crabs meat amounted to $X per ton, approximately equating the previous year. In general, import price indicated a pronounced increase from 2012 to 2021: its price increased at an average annual rate of +4.5% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, frozen crab and crab meat import price decreased by -8.1% against 2018 indices. The pace of growth was the most pronounced in 2018 an increase of 28% against the previous year. As a result, import price reached the peak level of $X per ton. From 2019 to 2021, the average 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 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 (+1.2%).

Source: IndexBox Platform

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