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World - Crabs And Crabs Meat - Market Analysis, Forecast, Size, Trends And Insights
Report Update: Apr 1, 2024

World - Crabs And Crabs Meat - Market Analysis, Forecast, Size, Trends And Insights

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Article Publishing Date: Apr 6, 2021

The Frozen Crab and Crab Meat Market Survives Pandemic Losses, With E-Commerce Promising a Recovery

IndexBox has just published a new report: 'World - Crabs And Crabs Meat - Market Analysis, Forecast, Size, Trends And Insights'. Here is a summary of the report's key findings.

In 2020, the production and export of frozen crab and crab meat declined worldwide; the fall in sales incurred by the closure of the HoReCa segment, however, was offset by the surge in demand from retail consumers. Global imports fell against previous year figures, but demand from the USA, a major importer, remained robust.

Key Trends and Insights

Global imports of crab meat (including frozen) fell by 14.7% in the first half of 2020 against the same period of 2019 (IndexBox estimates), illustrating a decrease in demand during the pandemic. The growth in e-commerce in the retail sector, combined with home delivery, helped to partly offset the slump in HoReCa.

The USA remains a key importing market. In 2020, crab imports (live and frozen) to the country fell marginally by -1.4% against previous year indices to 76 thousand tons, buoyed by a sharp increase in supplies from Canada.

In 2020, Russia, a major global exporter, supplied crabs and crab meat abroad for approx. 70 thousand tons, which was 12% less than in 2019. The Republic of Korea remains a key export destination for Russian crab products, absorbing over 60% (in physical terms) of Russian frozen crab exports.

In the future term to 2030, the global crab meat market is projected to expand to 483 thousand tons (IndexBox estimates). Key market drivers include a rising population and higher levels of income, rapid urbanization, and increasing demand from retail consumers. The product's extensive storage life, should Covid restrictions and the ensuing disruption to delivery times return, also remains a key factor.

China to Remain the Largest Consumer of Crabs while Russia to Dominate the Export Market

The country with the largest volume of crab and crab meat consumption was China (1.8M tons), accounting for 61% of the total volume. Moreover, crab and crab meat consumption in China exceeded the figures recorded by the second-largest consumer, Indonesia (255K tons), sevenfold. The third position in this ranking was occupied by the U.S. (176K tons), with a 6% share (IndexBox estimates).

In China, crab and crab meat consumption increased at an average annual rate of +1.5% over the period from 2012-2019. In the other countries, the average annual rates were as follows: Indonesia (+19.5% per year) and the U.S. (-1.3% per year).

In value terms, China ($15.4B) led the market, alone. The second position in the ranking was occupied by the U.S. ($2.1B). It was followed by Indonesia.

The countries with the highest levels of crab and crab meat per capita consumption in 2019 were South Korea (1,904 kg per 1000 persons), China (1,230 kg per 1000 persons) and Indonesia (943 kg per 1000 persons).

In 2019, Russia (82K tons) and Canada (63K tons) represented the key exporters of crabs and crab meat around the world, together resulting at approx. 39% of total exports. China (40K tons) occupied the next position in the ranking, followed by the UK (20K tons) and Indonesia (18K tons). All these countries together occupied near 21% share of total exports. The U.S. (17K tons), Myanmar (16K tons), Bangladesh (13K tons), India (11K tons), Ireland (9.9K tons), Bahrain (9.4K tons), Norway (7.7K tons) and Pakistan (7.1K tons) followed a long way behind the leaders.

From 2012 to 2019, the biggest increases were in Norway, while shipments for the other global leaders experienced more modest paces of growth.

In value terms, Russia ($1.5B), Canada ($1.1B) and China ($337M) were the countries with the highest levels of exports in 2019, with a combined 65% share of global exports.

The average crab and crab meat export price stood at $12,003 per ton in 2019, growing by 2.5% against the previous year. Over the last seven years, it increased at an average annual rate of +4.7%. The pace of growth appeared the most rapid in 2017 when the average export price increased by 12% y-o-y. The global export price peaked in 2019 and is expected to retain growth in years to come.

Source: IndexBox Market Intelligence Platform

This report provides an in-depth analysis of the global market for crab and crab meat. 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:

    Worldwide - the report contains statistical data for 200 countries and includes detailed profiles of the 50 largest consuming countries:

    + the largest producing countries

    Data coverage:

    • Global market volume and value
    • Per Capita consumption
    • Forecast of the market dynamics in the medium term
    • Global production, split by region and country
    • Global trade (exports and imports)
    • 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. CONSUMPTION BY COUNTRY
      3. 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. GLOBAL PRODUCTION

      The Latest Trends and Insights into The Industry

      1. PRODUCTION VOLUME AND VALUE
      2. PRODUCTION BY COUNTRY

    8. 8. GLOBAL IMPORTS

      The Largest Importers on The Market and How They Succeed

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

    9. 9. GLOBAL EXPORTS

      The Largest Exporters on The Market and How They Succeed

      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. 11. COUNTRY PROFILES

      The Largest Markets And Their Profiles

      This Chapter is Available Only for the Professional Edition PRO
      • United States
      • China
      • Japan
      • Germany
      • United Kingdom
      • France
      • Brazil
      • Italy
      • Russian Federation
      • India
      • Canada
      • Australia
      • Republic of Korea
      • Spain
      • Mexico
      • Indonesia
      • Netherlands
      • Turkey
      • Saudi Arabia
      • Switzerland
      • Sweden
      • Nigeria
      • Poland
      • Belgium
      • Argentina
      • Norway
      • Austria
      • Thailand
      • United Arab Emirates
      • Colombia
      • Denmark
      • South Africa
      • Malaysia
      • Israel
      • Singapore
      • Egypt
      • Philippines
      • Finland
      • Chile
      • Ireland
      • Pakistan
      • Greece
      • Portugal
      • Kazakhstan
      • Algeria
      • Czech Republic
      • Qatar
      • Peru
      • Romania
      • Vietnam

    12. 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, By Country, 2018–2023
      5. Production, In Physical Terms, By Country, 2012–2023
      6. Imports, In Physical Terms, By Country, 2012–2023
      7. Imports, In Value Terms, By Country, 2012–2023
      8. Import Prices, By Country Of Destination, 2012–2023
      9. Exports, In Physical Terms, By Country, 2012–2023
      10. Exports, In Value Terms, By Country, 2012–2023
      11. Export Prices, By Country Of Origin, 2012–2023

    13. LIST OF FIGURES

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

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