Global Frozen Crustaceans Market 2024

Frozen Crustaceans Market Size

In 2022, the global frozen crustaceans market increased by X% to $X, rising for the second consecutive year after two years of decline. The market value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. Over the period under review, the global market reached the maximum level in 2022 and is likely to see steady growth in the immediate term.

Frozen Crustaceans Production

In value terms, frozen crustaceans production dropped modestly to $X in 2022 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2022; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being recorded in certain years. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. Over the period under review, global production reached the maximum level at $X in 2018; however, from 2019 to 2022, production failed to regain momentum.

Frozen Crustaceans Exports

Exports

In 2022, global exports of frozen crustaceans dropped to X tons, standing approx. at the previous year. Overall, total exports indicated notable growth from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2013 indices. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons, leveling off in the following year.

In value terms, frozen crustaceans exports reached $X in 2022. Over the period under review, total exports indicated a strong increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. Over the period under review, the global exports reached the maximum in 2022 and are likely to see steady growth in years to come.

Exports by Country

In 2022, Ecuador (X tons), distantly followed by India (X tons), Vietnam (X tons) and Indonesia (X tons) were the largest exporters of frozen crustaceans, together committing X% of total exports. The following exporters - Canada (X tons), Argentina (X tons), Denmark (X tons), China (X tons), Thailand (X tons), Venezuela (X tons) and Russia (X tons) - together made up X% of total exports.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Venezuela (with a CAGR of X%), while the other global leaders experienced more modest paces of growth.

In value terms, Ecuador ($X), India ($X) and Vietnam ($X) were the countries with the highest levels of exports in 2022, with a combined X% share of global exports. Canada, Indonesia, Russia, Argentina, Thailand, China, Denmark and Venezuela lagged somewhat behind, together accounting for a further X%.

Venezuela, with a CAGR of X%, saw the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other global leaders experienced more modest paces of growth.

Export Prices by Country

The average frozen crustaceans export price stood at $X per ton in 2022, approximately equating the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. The growth pace was the most rapid in 2013 an increase of X% against the previous year. Over the period under review, the average export prices hit record highs at $X per ton in 2014; however, from 2015 to 2022, the export prices failed to regain momentum.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Russia ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (X%), while the other global leaders experienced more modest paces of growth.

Frozen Crustaceans Imports

Imports

Global frozen crustaceans imports totaled X tons in 2022, picking up by X% compared with 2021. Overall, total imports indicated a measured expansion from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2014 indices. The pace of growth was the most pronounced in 2019 when imports increased by X%. Global imports peaked in 2022 and are expected to retain growth in the near future.

In value terms, frozen crustaceans imports rose to $X in 2022. Over the period under review, total imports indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by X% against 2014 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, global imports reached the peak figure in 2022 and are expected to retain growth in the immediate term.

Imports by Country

China (X tons) and the United States (X tons) were the key importers of frozen crustaceans in 2022, recording approx. X% and X% of total imports, respectively. Japan (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Spain (X%). France (X tons), South Korea (X tons), Italy (X tons), Denmark (X tons), the Netherlands (X tons), Russia (X tons), Vietnam (X tons) and Taiwan (Chinese) (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for China (with a CAGR of X%), while purchases for the other global leaders experienced more modest paces of growth.

In value terms, the largest frozen crustaceans importing markets worldwide were the United States ($X), China ($X) and Japan ($X), with a combined X% share of global imports.

Among the main importing countries, China, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other global leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen crustaceans import price stood at $X per ton in 2022, stabilizing at the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in 2013 an increase of X%. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Japan ($X per ton), while Russia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Denmark (X%), while the other global leaders experienced more modest paces of growth.

Source: IndexBox Platform

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