India: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in India

The Indian market for prepared or preserved crab meat rose rapidly to $X in 2023, increasing by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. Prepared or preserved crab meat consumption peaked at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Prepared Or Preserved Crab Meat in India

In value terms, prepared or preserved crab meat production rose remarkably to $X in 2023 estimated in export price. Overall, the total production indicated a temperate expansion from 2012 to 2023: its value increased at an average annual rate of X% over the last eleven-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2023 figures, production decreased by X% against 2021 indices. The growth pace was the most rapid in 2017 with an increase of X% against the previous year. Prepared or preserved crab meat production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Prepared Or Preserved Crab Meat

Exports from India

In 2023, after two years of growth, there was significant decline in shipments abroad of prepared or preserved crab meat, when their volume decreased by X% to X tons. Over the period under review, exports, however, showed a tangible expansion. The growth pace was the most rapid in 2017 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2022, and then contracted notably in the following year.

In value terms, prepared or preserved crab meat exports contracted to $X in 2023. In general, exports, however, recorded a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X%. Over the period under review, the exports attained the peak figure at $X in 2021; however, from 2022 to 2023, the exports remained at a lower figure.

Exports by Country

The United States (X tons) was the main destination for prepared or preserved crab meat exports from India, with a X% share of total exports. Moreover, prepared or preserved crab meat exports to the United States exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), more than tenfold. The third position in this ranking was held by Spain (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Spain (X% per year).

In value terms, the United States ($X) remains the key foreign market for prepared or preserved crab meat exports from India, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2023, the average export price for prepared or preserved crab meat amounted to $X per ton, surging by X% against the previous year. In general, the export price recorded a remarkable increase. The pace of growth was the most pronounced in 2017 an increase of X%. Over the period under review, the average export prices hit record highs at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to the United Arab Emirates (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Crab Meat

Imports into India

Prepared or preserved crab meat imports into India skyrocketed to X tons in 2023, picking up by X% compared with the year before. Over the period under review, imports, however, faced a drastic downturn. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Imports peaked at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, prepared or preserved crab meat imports shrank dramatically to $X in 2023. Overall, imports, however, showed a abrupt decline. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2020 to 2023, the growth of imports failed to regain momentum.

Imports by Country

In 2023, China (X tons) constituted the largest supplier of prepared or preserved crab meat to India, accounting for a X% share of total imports. Moreover, prepared or preserved crab meat imports from China exceeded the figures recorded by the second-largest supplier, the United States (X tons), twofold.

From 2012 to 2023, the average annual growth rate of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Japan (X% per year).

In value terms, the largest prepared or preserved crab meat suppliers to India were the United States ($X), China ($X) and Japan ($X), together comprising X% of total imports.

Among the main suppliers, the United States, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

The average import price for prepared or preserved crab meat stood at $X per ton in 2023, rising by X% against the previous year. Over the period under review, the import price continues to indicate a buoyant increase. The growth pace was the most rapid in 2019 an increase of X%. The import price peaked in 2023 and is likely to see steady growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while the price for China ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Japan (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform