Singapore: Market for Frozen Crabs And Crabs Meat 2025

Market Size for Frozen Crabs And Crabs Meat in Singapore

The Singaporean market for frozen crabs and crabs meat soared to $X in 2021, rising by 54% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). Overall, consumption recorded a relatively flat trend pattern. Over the period under review, the market hit record highs at $X in 2019; however, from 2020 to 2021, consumption remained at a lower figure.

Exports of Frozen Crabs And Crabs Meat

Exports from Singapore

In 2021, frozen crab and crab meat exports from Singapore dropped dramatically to X tons, declining by -32.5% on the year before. Over the period under review, exports showed a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 with an increase of 61% against the previous year. The exports peaked at X tons in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

In value terms, frozen crab and crab meat exports rose slightly to $X in 2021. In general, exports, however, recorded resilient growth. The most prominent rate of growth was recorded in 2013 when exports increased by 79% against the previous year. The exports peaked at $X in 2015; however, from 2016 to 2021, the exports failed to regain momentum.

Exports by Country

Australia (X tons), Qatar (X tons) and South Africa (X tons) were the main destinations of frozen crab and crab meat exports from Singapore, with a combined 71% share of total exports. Brunei Darussalam, Thailand, Malaysia and Hong Kong SAR lagged somewhat behind, together accounting for a further 23%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Thailand (with a CAGR of +111.9%), while the other leaders experienced more modest paces of growth.

In value terms, Qatar ($X) emerged as the key foreign market for frozen crabs and crabs meat exports from Singapore, comprising 51% of total exports. The second position in the ranking was held by Australia ($X), with a 17% share of total exports. It was followed by South Africa, with a 9.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Qatar stood at +154.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Australia (+15.3% per year) and South Africa (+25.7% per year).

Export Prices by Country

In 2021, the average export price for frozen crabs and crabs meat amounted to $X per ton, picking up by 51% against the previous year. Overall, the export price showed buoyant growth. The most prominent rate of growth was recorded in 2015 an increase of 74%. The export price peaked in 2021 and is likely to continue growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Qatar ($X per ton), while the average price for exports to Brunei Darussalam ($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 (+23.1%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports into Singapore

In 2021, imports of frozen crabs and crabs meat into Singapore soared to X tons, rising by 21% compared with the previous year's figure. Over the period under review, imports, however, continue to indicate a noticeable slump. The pace of growth was the most pronounced in 2019 with an increase of 35% against the previous year. Imports peaked at X tons in 2014; however, from 2015 to 2021, imports remained at a lower figure.

In value terms, frozen crab and crab meat imports skyrocketed to $X in 2021. In general, total imports indicated slight growth from 2012 to 2021: its value increased at an average annual rate of +1.7% over the last nine-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2021 figures, imports decreased by -33.1% against 2019 indices. Over the period under review, imports reached the maximum at $X in 2019; however, from 2020 to 2021, imports failed to regain momentum.

Imports by Country

Pakistan (X tons), Indonesia (X tons) and Malaysia (X tons) were the main suppliers of frozen crab and crab meat imports to Singapore, with a combined 45% share of total imports. These countries were followed by China, Russia, Mozambique, Myanmar, South Korea and the United States, which together accounted for a further 38%.

From 2012 to 2021, the biggest increases were recorded for Mozambique (with a CAGR of +712.1%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Russia ($X) constituted the largest supplier of frozen crabs and crabs meat to Singapore, comprising 21% of total imports. The second position in the ranking was held by Indonesia ($X), with an 8.7% share of total imports. It was followed by China, with an 8% share.

From 2012 to 2021, the average annual growth rate of value from Russia totaled +13.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-11.1% per year) and China (+2.6% per year).

Import Prices by Country

The average import price for frozen crabs and crabs meat stood at $X per ton in 2021, with an increase of 25% against the previous year. Overall, import price indicated a resilient expansion from 2012 to 2021: its price increased at an average annual rate of +6.8% over the last nine years. 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 -9.5% against 2019 indices. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2021, import prices remained at a lower figure.

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 United States ($X per ton), while the price for Pakistan ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Russia (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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