Singapore: Market for Prepared Or Preserved Crab Meat 2025

Market Size for Prepared Or Preserved Crab Meat in Singapore

In 2021, the Singaporean market for prepared or preserved crab meat increased by 73% to $X for the first time since 2016, thus ending a four-year declining trend. Overall, consumption, however, saw a pronounced shrinkage. Prepared or preserved crab meat consumption peaked at $X in 2014; however, from 2015 to 2021, consumption stood at a somewhat lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports from Singapore

For the fifth consecutive year, Singapore recorded decline in overseas shipments of prepared or preserved crab meat, which decreased by -63.8% to X tons in 2021. In general, exports continue to indicate a dramatic curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 92% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports failed to regain momentum.

In value terms, prepared or preserved crab meat exports declined sharply to $X in 2021. Overall, exports showed a sharp shrinkage. The most prominent rate of growth was recorded in 2014 with an increase of 251% against the previous year. Over the period under review, the exports attained the maximum at $X in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

Exports by Country

Egypt (X tons) was the main destination for prepared or preserved crab meat exports from Singapore, accounting for a 60% share of total exports. Moreover, prepared or preserved crab meat exports to Egypt exceeded the volume sent to the second major destination, Vietnam (X tons), threefold. Malaysia (X tons) ranked third in terms of total exports with a 7.7% share.

From 2012 to 2021, the average annual growth rate of volume to Egypt totaled -16.7%. Exports to the other major destinations recorded the following average annual rates of exports growth: Vietnam (-22.5% per year) and Malaysia (-34.2% per year).

In value terms, Vietnam ($X) remains the key foreign market for prepared or preserved crab meat exports from Singapore, comprising 65% of total exports. The second position in the ranking was held by Egypt ($X), with an 8.7% share of total exports. It was followed by Indonesia, with a 5.1% share.

From 2012 to 2021, the average annual rate of growth in terms of value to Vietnam stood at -12.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Egypt (-21.7% per year) and Indonesia (-27.6% per year).

Export Prices by Country

The average export price for prepared or preserved crab meat stood at $X per ton in 2021, declining by -9.6% against the previous year. Overall, the export price, however, recorded buoyant growth. The pace of growth was the most pronounced in 2014 when the average export price increased by 83% against the previous year. The export price peaked at $X per ton in 2016; however, from 2017 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 Mauritius ($X per ton), while the average price for exports to Egypt ($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 Mauritius (+29.4%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Crab Meat

Imports into Singapore

After four years of decline, supplies from abroad of prepared or preserved crab meat increased by 20% to X tons in 2021. In general, imports, however, faced a abrupt descent. The growth pace was the most rapid in 2014 with an increase of 44%. As a result, imports reached the peak of X tons. From 2015 to 2021, the growth of imports remained at a lower figure.

In value terms, prepared or preserved crab meat imports surged to $X in 2021. Over the period under review, imports, however, continue to indicate a perceptible curtailment. The most prominent rate of growth was recorded in 2014 when imports increased by 92%. Over the period under review, imports reached the maximum at $X in 2016; however, from 2017 to 2021, imports remained at a lower figure.

Imports by Country

China (X tons), Malaysia (X tons) and Indonesia (X tons) were the main suppliers of prepared or preserved crab meat imports to Singapore, together accounting for 56% of total imports.

From 2012 to 2021, the biggest increases were recorded for Malaysia (with a CAGR of +1.9%), while purchases for the other leaders experienced a decline.

In value terms, China ($X), Indonesia ($X) and Japan ($X) constituted the largest prepared or preserved crab meat suppliers to Singapore, together comprising 71% of total imports. Thailand, Canada, Malaysia and Vietnam lagged somewhat behind, together accounting for a further 19%.

Malaysia, with a CAGR of +3.0%, saw the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 import price for prepared or preserved crab meat amounted to $X per ton, surging by 35% against the previous year. Over the period under review, the import price continues to indicate a resilient increase. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by China (+12.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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