Singapore: Market for Crabs and Crab Meat 2025

Market Size for Crabs and Crab Meat in Singapore

The Singaporean crab and crab meat market was estimated at $X in 2021, with an increase of 2.1% against the previous year. Overall, consumption recorded a noticeable downturn. The growth pace was the most rapid in 2019 when the market value increased by 7.1%. Crab and crab meat consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Production of Crabs and Crab Meat in Singapore

In value terms, crab and crab meat production surged to $X in 2021 estimated in export price. In general, production, however, recorded a abrupt decrease. The most prominent rate of growth was recorded in 2013 when the production volume increased by 268% against the previous year. As a result, production attained the peak level of $X. From 2014 to 2021, production growth failed to regain momentum.

Exports of Crabs and Crab Meat

Exports from Singapore

In 2021, shipments abroad of crabs and crab meat increased by 11% to X tons, rising for the third year in a row after two years of decline. In general, exports posted a remarkable increase. The pace of growth appeared the most rapid in 2019 when exports increased by 105%. Over the period under review, the exports attained the maximum in 2021 and are likely to see steady growth in the near future.

In value terms, crab and crab meat exports rose remarkably to $X in 2021. Overall, total exports indicated buoyant growth from 2012 to 2021: its value increased at an average annual rate of +10.0% over the last nine years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, exports increased by +59.0% against 2017 indices. The pace of growth appeared the most rapid in 2013 when exports increased by 69%. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

China (X tons) was the main destination for crab and crab meat exports from Singapore, with a 69% share of total exports. Moreover, crab and crab meat exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (X tons), sixfold. The third position in this ranking was taken by Australia (X tons), with a 6% share.

From 2012 to 2021, the average annual growth rate of volume to China stood at +28.8%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+10.0% per year) and Australia (+11.5% per year).

In value terms, the largest markets for crab and crab meat exported from Singapore were China ($X), Qatar ($X) and Hong Kong SAR ($X), with a combined 73% share of total exports.

Qatar, with a CAGR of +174.6%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crab and crab meat export price stood at $X per ton in 2021, waning by -1.6% against the previous year. In general, the export price, however, enjoyed a modest increase. The pace of growth was the most pronounced in 2015 when the average export price increased by 60%. As a result, the export price attained the peak level of $X per ton. From 2016 to 2021, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2021, amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to China ($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 Qatar (+20.2%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports into Singapore

In 2021, the amount of crabs and crab meat imported into Singapore declined to X tons, waning by -6.2% on the year before. Over the period under review, imports saw a abrupt descent. The pace of growth appeared the most rapid in 2019 with an increase of 8.7% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2021, imports failed to regain momentum.

In value terms, crab and crab meat imports stood at $X in 2021. Overall, imports showed a perceptible reduction. The pace of growth appeared the most rapid in 2019 when imports increased by 11%. As a result, imports attained the peak of $X. From 2020 to 2021, the growth of imports remained at a lower figure.

Imports by Country

India (X tons), Malaysia (X tons) and Indonesia (X tons) were the main suppliers of crab and crab meat imports to Singapore, with a combined 62% share of total imports. Papua New Guinea, Sri Lanka, Pakistan, China, the Philippines, Vietnam and Tanzania lagged somewhat behind, together accounting for a further 27%.

From 2012 to 2021, the biggest increases were recorded for Papua New Guinea (with a CAGR of +267.2%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, India ($X), Indonesia ($X) and Malaysia ($X) were the largest crab and crab meat suppliers to Singapore, with a combined 55% share of total imports. These countries were followed by Papua New Guinea, Sri Lanka, the Philippines, Vietnam, China, Pakistan and Tanzania, which together accounted for a further 20%.

In terms of the main suppliers, Papua New Guinea, with a CAGR of +235.7%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2021, the average crab and crab meat import price amounted to $X per ton, with an increase of 12% against the previous year. Over the period from 2012 to 2021, it increased at an average annual rate of +3.1%. The import price peaked at $X per ton in 2019; however, from 2020 to 2021, 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 the Philippines ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sri Lanka (+8.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :