Russian Federation: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in the Russian Federation

The Russian market for prepared or preserved crab meat surged to $X in 2021, rising by 31% against the previous year. Over the period under review, the total consumption indicated a prominent expansion from 2012 to 2021: its value increased at an average annual rate of +6.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, consumption decreased by -4.5% against 2019 indices. Prepared or preserved crab meat consumption peaked at $X in 2019; however, from 2020 to 2021, consumption stood at a somewhat lower figure.

Production of Prepared Or Preserved Crab Meat in the Russian Federation

In value terms, prepared or preserved crab meat production soared to $X in 2021 estimated in export price. In general, production recorded strong growth. The pace of growth appeared the most rapid in 2015 when the production volume increased by 39%. 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 the Russian Federation

In 2021, overseas shipments of prepared or preserved crab meat were finally on the rise to reach X tons after two years of decline. In general, exports posted a strong increase. The pace of growth appeared the most rapid in 2017 when exports increased by 334% against the previous year. The exports peaked at X tons in 2018; however, from 2019 to 2021, the exports remained at a lower figure.

In value terms, prepared or preserved crab meat exports expanded sharply to $X in 2021. Over the period under review, exports recorded moderate growth. The most prominent rate of growth was recorded in 2017 with an increase of 259% against the previous year. The exports peaked at $X in 2019; however, from 2020 to 2021, the exports failed to regain momentum.

Exports by Country

Japan (X tons) was the main destination for prepared or preserved crab meat exports from Russia, accounting for a 49% share of total exports. Moreover, prepared or preserved crab meat exports to Japan exceeded the volume sent to the second major destination, the Netherlands (X tons), twofold. South Korea (X tons) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2021, the average annual rate of growth in terms of volume to Japan totaled +111.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (-35.4% per year) and South Korea (-16.0% per year).

In value terms, the largest markets for prepared or preserved crab meat exported from Russia were Japan ($X), the Netherlands ($X) and the United States ($X), with a combined 88% share of total exports.

Among the main countries of destination, Japan, with a CAGR of +93.5%, recorded 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, with a decrease of -20.3% against the previous year. Overall, the export price showed a deep contraction. The pace of growth was the most pronounced in 2019 an increase of 26% against the previous year. Over the period under review, the average export prices attained the peak figure at $X per ton in 2014; however, from 2015 to 2021, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United Arab Emirates ($X per ton), while the average price for exports to Kazakhstan ($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 the Netherlands (-5.2%), while the prices for the other major destinations experienced a decline.

Imports of Prepared Or Preserved Crab Meat

Imports into the Russian Federation

In 2021, overseas purchases of prepared or preserved crab meat were finally on the rise to reach X tons for the first time since 2018, thus ending a two-year declining trend. Overall, imports, however, showed a abrupt slump. The pace of growth appeared the most rapid in 2018 when imports increased by 74%. Over the period under review, imports attained the peak figure at X tons in 2012; however, from 2013 to 2021, imports remained at a lower figure.

In value terms, prepared or preserved crab meat imports expanded slightly to $X in 2021. In general, imports, however, showed a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 63%. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports remained at a lower figure.

Imports by Country

In 2021, Canada (X tons) was the main prepared or preserved crab meat supplier to Russia, accounting for a 99% share of total imports. It was followed by China (X tons), with a 1.3% share of total imports.

From 2012 to 2021, the average annual growth rate of volume from Canada totaled +28.7%.

In value terms, Canada ($X) constituted the largest supplier of prepared or preserved crab meat to Russia, comprising 99% of total imports. The second position in the ranking was held by China ($X), with a 1.1% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Canada totaled +28.0%.

Import Prices by Country

The average import price for prepared or preserved crab meat stood at $X per ton in 2021, growing by 1.6% against the previous year. Overall, the import price, however, showed a noticeable curtailment. The most prominent rate of growth was recorded in 2014 when the average import price increased by 23% against the previous year. As a result, import price reached the peak level of $X per ton. From 2015 to 2021, the average import prices failed to regain momentum.

Average prices varied noticeably amongst the major supplying countries. In 2021, amid the top importers, the country with the highest price was Canada ($X per ton), while the price for China totaled $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Thailand (+0.6%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :