Turkey: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Turkey

The Turkish market for prepared or preserved crab meat skyrocketed to $X in 2021, jumping by 17% against the previous year. Over the period under review, consumption, however, showed a pronounced downturn. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2021, consumption remained at a lower figure.

Production of Prepared Or Preserved Crab Meat in Turkey

In value terms, prepared or preserved crab meat production skyrocketed to $X in 2021 estimated in export price. In general, production, however, showed a noticeable decline. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2021, production remained at a lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports from Turkey

In 2021, prepared or preserved crab meat exports from Turkey declined sharply to X kg, which is down by -18.3% on the year before. Overall, exports, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when exports increased by 946% against the previous year. As a result, the exports attained the peak of X kg, and then contracted significantly in the following year.

In value terms, prepared or preserved crab meat exports skyrocketed to $X in 2021. Over the period under review, exports, however, saw a buoyant increase. The most prominent rate of growth was recorded in 2020 with an increase of 581% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2021, the exports failed to regain momentum.

Exports by Country

Russia (X kg), Marshall Islands (X kg) and Panama (X kg) were the main destinations of prepared or preserved crab meat exports from Turkey, with a combined 52% share of total exports.

From 2012 to 2021, the biggest increases were recorded for Marshall Islands (with a CAGR of +322.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for prepared or preserved crab meat exported from Turkey were Marshall Islands ($X), Panama ($X) and Russia ($X), with a combined 53% share of total exports.

Marshall Islands, with a CAGR of +396.7%, saw the highest growth rate of 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 export price for prepared or preserved crab meat stood at $X per ton in 2021, picking up by 41% against the previous year. Overall, the export price posted resilient growth. The most prominent rate of growth was recorded in 2017 an increase of 55% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2018 to 2021, the average export prices remained at a somewhat lower figure.

Average prices varied somewhat for the major foreign markets. In 2021, amid the top suppliers, the highest price was recorded for prices to Greece ($X per ton) and Marshall Islands ($X per ton), while the average price for exports to Russia ($X per ton) and Hong Kong SAR ($X per ton) were amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+95.0%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Crab Meat

Imports into Turkey

In 2021, approx. X tons of prepared or preserved crab meat were imported into Turkey; picking up by 338% against the previous year's figure. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2018 when imports increased by 2,400% against the previous year. Over the period under review, imports hit record highs in 2021 and are likely to see steady growth in the near future.

In value terms, prepared or preserved crab meat imports surged to $X in 2021. In general, imports saw a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of 3,988%. Imports peaked in 2021 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2021, Norway (X tons) constituted the largest supplier of prepared or preserved crab meat to Turkey, accounting for a 72% share of total imports. Moreover, prepared or preserved crab meat imports from Norway exceeded the figures recorded by the second-largest supplier, Indonesia (X tons), threefold.

From 2012 to 2021, the average annual growth rate of volume from Norway stood at +55.8%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (+3.5% per year) and the Netherlands (+71.6% per year).

In value terms, Norway ($X) constituted the largest supplier of prepared or preserved crab meat to Turkey, comprising 86% of total imports. The second position in the ranking was taken by Indonesia ($X), with a 13% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Norway amounted to +42.1%. The remaining supplying countries recorded the following average annual rates of imports growth: Indonesia (-3.7% per year) and the Netherlands (+80.2% per year).

Import Prices by Country

In 2021, the average import price for prepared or preserved crab meat amounted to $X per ton, declining by -16.9% against the previous year. Overall, the import price, however, posted a tangible expansion. The most prominent rate of growth was recorded in 2014 an increase of 181%. As a result, import price attained the peak level of $X per ton. From 2015 to 2021, the average import prices remained at a somewhat 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 Norway ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Sweden (+6.3%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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