Sri Lanka: Crabs, Not Frozen Market 2024

Crabs, Not Frozen Market Size in Sri Lanka

The Sri Lankan crabs, not frozen market was estimated at $X in 2022, approximately reflecting the previous year. In general, consumption, however, continues to indicate buoyant growth. Crabs, not frozen consumption peaked at $X in 2020; afterwards, it flattened through to 2022.

Crabs, Not Frozen Production in Sri Lanka

In value terms, crabs, not frozen production stood at $X in 2022 estimated in export price. In general, the total production indicated resilient growth from 2012 to 2022: its value increased at an average annual rate of +5.7% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production decreased by -1.9% against 2020 indices. The pace of growth was the most pronounced in 2017 with an increase of 33% against the previous year. Over the period under review, production reached the peak level at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Crabs, Not Frozen Exports

Exports from Sri Lanka

In 2022, after five years of decline, there was growth in overseas shipments of crabs, not frozen, when their volume increased by 3.5% to X tons. In general, exports, however, continue to indicate a deep setback. The pace of growth appeared the most rapid in 2014 with an increase of 22%. As a result, the exports reached the peak of X tons. From 2015 to 2022, the growth of the exports remained at a lower figure.

In value terms, crabs, not frozen exports contracted modestly to $X in 2022. The total export value increased at an average annual rate of +1.6% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2013 when exports increased by 31% against the previous year. The exports peaked at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons), Singapore (X tons) and Switzerland (X tons) were the main destinations of crabs, not frozen exports from Sri Lanka, together accounting for 83% of total exports.

From 2012 to 2022, the biggest increases were recorded for the United States (with a CAGR of +16.0%), while shipments for the other leaders experienced mixed trend patterns.

In value terms, Singapore ($X) remains the key foreign market for crabs, not frozen exports from Sri Lanka, comprising 59% of total exports. The second position in the ranking was held by the United States ($X), with an 18% share of total exports. It was followed by Switzerland, with a 7.4% share.

From 2012 to 2022, the average annual rate of growth in terms of value to Singapore was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (+19.3% per year) and Switzerland (+10.4% per year).

Export Prices by Country

In 2022, the average crabs, not frozen export price amounted to $X per ton, which is down by -4.6% against the previous year. In general, the export price, however, showed a strong increase. The pace of growth was the most pronounced in 2017 when the average export price increased by 49% against the previous year. The export price peaked at $X per ton in 2021, and then fell slightly in the following year.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to the United States ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+11.9%), while the prices for the other major destinations experienced more modest paces of growth.

Crabs, Not Frozen Imports

Imports into Sri Lanka

In 2022, purchases abroad of crabs, not frozen was finally on the rise to reach X kg after five years of decline. Over the period under review, total imports indicated a buoyant expansion from 2012 to 2022: its volume increased at an average annual rate of +5.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports decreased by -28.0% against 2016 indices. The pace of growth was the most pronounced in 2013 when imports increased by 43%. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports failed to regain momentum.

In value terms, crabs, not frozen imports declined to $X in 2022. Overall, imports posted significant growth. The most prominent rate of growth was recorded in 2016 when imports increased by 125%. Over the period under review, imports reached the peak figure at $X in 2021, and then reduced in the following year.

Imports by Country

In 2022, India (X kg) constituted the largest crabs, not frozen supplier to Sri Lanka, accounting for a 80% share of total imports. Moreover, crabs, not frozen imports from India exceeded the figures recorded by the second-largest supplier, Australia (X kg), fourfold.

From 2012 to 2022, the average annual growth rate of volume from India stood at +18.0%.

In value terms, India ($X) constituted the largest supplier of crabs, not frozen to Sri Lanka, comprising 93% of total imports. The second position in the ranking was held by Australia ($X), with a 7.4% share of total imports.

From 2012 to 2022, the average annual growth rate of value from India totaled +42.0%.

Import Prices by Country

The average crabs, not frozen import price stood at $X per ton in 2022, with a decrease of -10.6% against the previous year. In general, the import price, however, continues to indicate significant growth. The pace of growth was the most pronounced in 2016 an increase of 72% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then shrank in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Australia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+20.3%).

Source: IndexBox Platform

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