Report Sri Lanka - Frozen Crabs and Crabs Meat - Market Analysis, Forecast, Size, Trends and Insights for 499$
Report Update Nov 1, 2024

Sri Lanka - Frozen Crabs and Crabs Meat - Market Analysis, Forecast, Size, Trends and Insights

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Sri Lanka: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in Sri Lanka

The Sri Lankan market for frozen crabs and crabs meat fell to $X in 2021, with a decrease of -6.7% against the previous year. In general, consumption, however, saw a resilient increase. Frozen crab and crab meat consumption peaked at $X in 2018; however, from 2019 to 2021, consumption stood at a somewhat lower figure.

Production of Frozen Crabs And Crabs Meat in Sri Lanka

In value terms, frozen crab and crab meat production amounted to $X in 2021 estimated in export price. Overall, production recorded a slight shrinkage. The pace of growth was the most pronounced in 2019 when the production volume increased by 12%. Frozen crab and crab meat production peaked at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Frozen Crabs And Crabs Meat

Exports from Sri Lanka

In 2021, frozen crab and crab meat exports from Sri Lanka soared to X tons, with an increase of 23% on the year before. In general, exports, however, saw a deep slump. The growth pace was the most rapid in 2019 with an increase of 81%. The exports peaked at X tons in 2016; however, from 2017 to 2021, the exports remained at a lower figure.

In value terms, frozen crab and crab meat exports surged to $X in 2021. Over the period under review, exports, however, showed a deep reduction. The most prominent rate of growth was recorded in 2019 with an increase of 92%. The exports peaked at $X in 2014; however, from 2015 to 2021, the exports failed to regain momentum.

Exports by Country

The UK (X tons), the United States (X tons) and Canada (X tons) were the main destinations of frozen crab and crab meat exports from Sri Lanka, together accounting for 56% of total exports. Taiwan (Chinese), Switzerland, Japan, Hong Kong SAR, Maldives, Belgium, France and Singapore lagged somewhat behind, together comprising a further 38%.

From 2012 to 2021, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Hong Kong SAR (with a CAGR of +39.5%), while the other leaders experienced more modest paces of growth.

In value terms, the UK ($X), Canada ($X) and the United States ($X) constituted the largest markets for frozen crab and crab meat exported from Sri Lanka worldwide, together comprising 60% of total exports. Taiwan (Chinese), Switzerland, Japan, Hong Kong SAR, Singapore, Belgium, France and Maldives lagged somewhat behind, together accounting for a further 35%.

Hong Kong SAR, with a CAGR of +43.3%, recorded the highest rates of growth with regard to the value of exports, among 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 export price for frozen crabs and crabs meat stood at $X per ton in 2021, picking up by 2.8% against the previous year. In general, the export price, however, recorded a pronounced decrease. The growth pace was the most rapid in 2014 an increase of 25%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2021, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the UK ($X per ton), while the average price for exports to Maldives ($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 Singapore (+8.8%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports into Sri Lanka

In 2021, overseas purchases of frozen crabs and crabs meat increased by 1,758% to X tons for the first time since 2017, thus ending a three-year declining trend. Over the period under review, imports, however, recorded a abrupt slump. Imports peaked at X tons in 2017; however, from 2018 to 2021, imports remained at a lower figure.

In value terms, frozen crab and crab meat imports surged to $X in 2021. In general, imports, however, recorded a abrupt descent. Over the period under review, imports attained the maximum at $X in 2012; however, from 2013 to 2021, imports stood at a somewhat lower figure.

Imports by Country

In 2021, Singapore (X tons) constituted the largest frozen crab and crab meat supplier to Sri Lanka, with a 72% share of total imports. Moreover, frozen crab and crab meat imports from Singapore exceeded the figures recorded by the second-largest supplier, Thailand (X kg), fourfold.

From 2012 to 2021, the average annual growth rate of volume from Singapore stood at +141.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Thailand (+24.1% per year) and Norway (0.0% per year).

In value terms, Singapore ($X), Thailand ($X) and Norway ($X) constituted the largest frozen crab and crab meat suppliers to Sri Lanka.

Singapore, with a CAGR of +160.8%, saw the highest growth rate of the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average import price for frozen crabs and crabs meat stood at $X per ton in 2021, which is down by -69.6% against the previous year. Over the period under review, the import price saw a abrupt downturn. The most prominent rate of growth was recorded in 2019 an increase of 168%. The import price peaked at $X per ton in 2020, and then shrank rapidly in the following year.

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

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Singapore (+6.4%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

The countries with the highest volumes of frozen crab and crab meat consumption in 2020 were the United States, Russia and Japan, with a combined 51% share of global consumption.
Russia remains the largest frozen crab and crab meat producing country worldwide, comprising approx. 30% of total volume. Moreover, frozen crab and crab meat production in Russia exceeded the figures recorded by the second-largest producer, Canada, twofold. Mexico ranked third in terms of total production with a 10% share.
In value terms, Tunisia constituted the largest supplier of frozen crab and crab meat to Sri Lanka.
In value terms, Taiwan Chinese), Canada and the UK appeared to be the largest markets for frozen crab and crab meat exported from Sri Lanka worldwide, together comprising 63% of total exports. The United States, Switzerland, Hong Kong SAR and Singapore lagged somewhat behind, together accounting for a further 27%.
The average export price for frozen crabs and crabs meat stood at $7,384 per ton in 2020, increasing by 8.8% against the previous year.
In 2020, the average import price for frozen crabs and crabs meat amounted to $797 per ton, dropping by -87.3% against the previous year.

This report provides an in-depth analysis of the market for frozen crab and crab meat in Sri Lanka. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.

Product coverage:

    Country coverage:

    • Sri Lanka

    Data coverage:

    • Market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Trade (exports and imports) in Sri Lanka
    • Export and import prices
    • Market trends, drivers and restraints
    • Key market players and their profiles

    Reasons to buy this report:

    • Take advantage of the latest data
    • Find deeper insights into current market developments
    • Discover vital success factors affecting the market

    This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.

    In this report, you can find information that helps you to make informed decisions on the following issues:

    1. How to diversify your business and benefit from new market opportunities
    2. How to load your idle production capacity
    3. How to boost your sales on overseas markets
    4. How to increase your profit margins
    5. How to make your supply chain more sustainable
    6. How to reduce your production and supply chain costs
    7. How to outsource production to other countries
    8. How to prepare your business for global expansion

    While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.

    1. 1. INTRODUCTION

      Making Data-Driven Decisions to Grow Your Business

      1. REPORT DESCRIPTION
      2. RESEARCH METHODOLOGY AND AI PLATFORM
      3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
      4. GLOSSARY AND SPECIFIC TERMS
    2. 2. EXECUTIVE SUMMARY

      A Quick Overview of Market Performance

      1. KEY FINDINGS
      2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
    3. 3. MARKET OVERVIEW

      Understanding the Current State of The Market and Its Prospects

      1. MARKET SIZE
      2. MARKET STRUCTURE
      3. TRADE BALANCE
      4. PER CAPITA CONSUMPTION
      5. MARKET FORECAST TO 2030
    4. 4. MOST PROMISING PRODUCT

      Finding New Products to Diversify Your Business

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
      2. BEST-SELLING PRODUCTS
      3. MOST CONSUMED PRODUCT
      4. MOST TRADED PRODUCT
      5. MOST PROFITABLE PRODUCT FOR EXPORT
    5. 5. MOST PROMISING SUPPLYING COUNTRIES

      Choosing the Best Countries to Establish Your Sustainable Supply Chain

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
      2. TOP PRODUCING COUNTRIES
      3. TOP EXPORTING COUNTRIES
      4. LOW-COST EXPORTING COUNTRIES
    6. 6. MOST PROMISING OVERSEAS MARKETS

      Choosing the Best Countries to Boost Your Exports

      This Chapter is Available Only for the Professional Edition PRO
      1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
      2. TOP CONSUMING MARKETS
      3. UNSATURATED MARKETS
      4. TOP IMPORTING MARKETS
      5. MOST PROFITABLE MARKETS
    7. 7. PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
    8. 8. IMPORTS

      The Largest Import Supplying Countries

      1. IMPORTS FROM 2012–2023
      2. IMPORTS BY COUNTRY
      3. IMPORT PRICES BY COUNTRY
    9. 9. EXPORTS

      The Largest Destinations for Exports

      1. EXPORTS FROM 2012–2023
      2. EXPORTS BY COUNTRY
      3. EXPORT PRICES BY COUNTRY
    10. 10. PROFILES OF MAJOR PRODUCERS

      The Largest Producers on The Market and Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
    11. LIST OF TABLES

      1. Key Findings In 2023
      2. Market Volume, In Physical Terms, 2012–2023
      3. Market Value, 2012–2023
      4. Per Capita Consumption In 2012-2023
      5. Imports, In Physical Terms, By Country, 2012–2023
      6. Imports, In Value Terms, By Country, 2012–2023
      7. Import Prices, By Country Of Origin, 2012–2023
      8. Exports, In Physical Terms, By Country, 2012–2023
      9. Exports, In Value Terms, By Country, 2012–2023
      10. Export Prices, By Country Of Destination, 2012–2023
    12. LIST OF FIGURES

      1. Market Volume, In Physical Terms, 2012–2023
      2. Market Value, 2012–2023
      3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
      4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
      5. Trade Balance, In Physical Terms, 2012-2023
      6. Trade Balance, In Value Terms, 2012-2023
      7. Per Capita Consumption, 2012-2023
      8. Market Volume Forecast to 2030
      9. Market Value Forecast to 2030
      10. Products: Market Size And Growth, By Type
      11. Products: Average Per Capita Consumption, By Type
      12. Products: Exports And Growth, By Type
      13. Products: Export Prices And Growth, By Type
      14. Production Volume And Growth
      15. Exports And Growth
      16. Export Prices And Growth
      17. Market Size And Growth
      18. Per Capita Consumption
      19. Imports And Growth
      20. Import Prices
      21. Production, In Physical Terms, 2012–2023
      22. Production, In Value Terms, 2012–2023
      23. Imports, In Physical Terms, 2012–2023
      24. Imports, In Value Terms, 2012–2023
      25. Imports, In Physical Terms, By Country, 2023
      26. Imports, In Physical Terms, By Country, 2012–2023
      27. Imports, In Value Terms, By Country, 2012–2023
      28. Import Prices, By Country Of Origin, 2012–2023
      29. Exports, In Physical Terms, 2012–2023
      30. Exports, In Value Terms, 2012–2023
      31. Exports, In Physical Terms, By Country, 2023
      32. Exports, In Physical Terms, By Country, 2012–2023
      33. Exports, In Value Terms, By Country, 2012–2023
      34. Export Prices, By Country Of Destination, 2012–2023

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