U.S.: Market for Frozen Crabs And Crabs Meat 2024

Market Size for Frozen Crabs And Crabs Meat in the U.S.

The U.S. market for frozen crabs and crabs meat surged to $X in 2021, with an increase of 50% against the previous year. In general, consumption continues to indicate a buoyant expansion. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Production of Frozen Crabs And Crabs Meat in the U.S.

In value terms, frozen crab and crab meat production amounted to $X in 2021. The total output value increased at an average annual rate of +1.5% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth was the most pronounced in 2017 when the production volume increased by 61%. As a result, production reached the peak level of $X. From 2018 to 2021, production growth remained at a somewhat lower figure.

Exports of Frozen Crabs And Crabs Meat

Exports from the U.S.

In 2021, shipments abroad of frozen crabs and crabs meat increased by 13% to X tons for the first time since 2015, thus ending a five-year declining trend. Overall, exports, however, continue to indicate a abrupt decline. Over the period under review, the exports attained the maximum at X tons in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

In value terms, frozen crab and crab meat exports rose remarkably to $X in 2021. In general, exports, however, recorded a pronounced decline. Over the period under review, the exports reached the peak figure at $X in 2012; however, from 2013 to 2021, the exports remained at a lower figure.

Exports by Country

China (X tons), Canada (X tons) and Japan (X tons) were the main destinations of frozen crab and crab meat exports from the United States, with a combined 66% share of total exports. These countries were followed by Vietnam, Indonesia, Thailand and Mexico, which together accounted for a further 28%.

From 2012 to 2021, the biggest increases were recorded for Thailand (with a CAGR of +21.5%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest markets for frozen crab and crab meat exported from the United States were Canada ($X), Japan ($X) and China ($X), with a combined 67% share of total exports. Vietnam, Indonesia, Thailand and Mexico lagged somewhat behind, together accounting for a further 28%.

Vietnam, with a CAGR of +31.2%, recorded the highest rates of growth with regard to 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 frozen crabs and crabs meat stood at $X per ton in 2021, approximately reflecting the previous year. Over the last nine years, it increased at an average annual rate of +3.3%. The growth pace was the most rapid in 2017 an increase of 20% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2018; however, from 2019 to 2021, the export prices stood at a somewhat lower figure.

There were significant differences in the average prices for the major export markets. In 2021, amid the top suppliers, the country with the highest price was Thailand ($X per ton), while the average price for exports to Mexico ($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 Vietnam (+12.6%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Frozen Crabs And Crabs Meat

Imports into the U.S.

In 2021, overseas purchases of frozen crabs and crabs meat increased by 15% to X tons, rising for the third year in a row after two years of decline. The total import volume increased at an average annual rate of +5.7% over the period from 2012 to 2021; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The most prominent rate of growth was recorded in 2013 with an increase of 28% against the previous year. Over the period under review, imports attained the maximum in 2021 and are likely to see steady growth in years to come.

In value terms, frozen crab and crab meat imports surged to $X in 2021. Overall, imports continue to indicate a strong expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

Imports by Country

Canada (X tons), Russia (X tons) and Norway (X tons) were the main suppliers of frozen crab and crab meat imports to the United States, together comprising 86% of total imports.

From 2012 to 2021, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Norway (with a CAGR of +27.8%), while imports for the other leaders experienced more modest paces of growth.

In value terms, Canada ($X), Russia ($X) and Norway ($X) appeared to be the largest frozen crab and crab meat suppliers to the United States, with a combined 94% share of total imports.

Among the main suppliers, Norway, with a CAGR of +33.0%, recorded the highest growth rate of the value of imports, 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 frozen crabs and crabs meat amounted to $X per ton, jumping by 42% against the previous year. Over the period under review, the import price enjoyed a remarkable increase. As a result, import price attained the peak level and is likely to continue growth in the immediate term.

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 Russia ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Canada (+11.7%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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