Canada: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Canada

In 2023, the Canadian market for prepared or preserved crab meat decreased by X% to $X, falling for the second consecutive year after two years of growth. In general, consumption recorded a abrupt contraction. As a result, consumption reached the peak level of $X. From 2016 to 2023, the growth of the market remained at a lower figure.

Production of Prepared Or Preserved Crab Meat in Canada

In value terms, prepared or preserved crab meat production expanded rapidly to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained relatively stable, with somewhat noticeable fluctuations being observed throughout the analyzed period. The growth pace was the most rapid in 2013 with an increase of X%. Prepared or preserved crab meat production peaked at $X in 2019; however, from 2020 to 2023, production failed to regain momentum.

Exports of Prepared Or Preserved Crab Meat

Exports from Canada

In 2023, prepared or preserved crab meat exports from Canada contracted sharply to X tons, reducing by X% compared with the year before. In general, exports continue to indicate a pronounced shrinkage. The pace of growth was the most pronounced in 2013 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2014 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, prepared or preserved crab meat exports dropped rapidly to $X in 2023. Overall, exports continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. As a result, the exports reached the peak of $X, and then dropped significantly in the following year.

Exports by Country

The United States (X tons) was the main destination for prepared or preserved crab meat exports from Canada, with a X% share of total exports. It was followed by China (X tons), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States stood at X%.

In value terms, the United States ($X) remains the key foreign market for prepared or preserved crab meat exports from Canada, comprising X% of total exports. The second position in the ranking was held by China ($X), with a X% share of total exports.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States was relatively modest.

Export Prices by Country

In 2023, the average export price for prepared or preserved crab meat amounted to $X per ton, shrinking by X% against the previous year. In general, export price indicated moderate growth from 2012 to 2023: its price increased at an average annual rate of X% over the last eleven years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 an increase of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2022, and then fell markedly in the following year.

Average prices varied noticeably for the major overseas markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to China amounted to $X per ton.

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

Imports of Prepared Or Preserved Crab Meat

Imports into Canada

In 2023, overseas purchases of prepared or preserved crab meat decreased by X% to X tons, falling for the second consecutive year after five years of growth. In general, imports recorded a abrupt shrinkage. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2021; however, from 2022 to 2023, imports remained at a lower figure.

In value terms, prepared or preserved crab meat imports contracted dramatically to $X in 2023. Over the period under review, imports showed a mild curtailment. The pace of growth appeared the most rapid in 2020 with an increase of X%. Imports peaked at $X in 2021; however, from 2022 to 2023, imports remained at a lower figure.

Imports by Country

Indonesia (X tons), the United States (X tons) and Vietnam (X tons) were the main suppliers of prepared or preserved crab meat imports to Canada, with a combined X% share of total imports. China, Thailand, India and South Korea lagged somewhat behind, together accounting for a further X%.

From 2012 to 2023, the biggest increases were recorded for India (with a CAGR of X%), while purchases for the other leaders experienced mixed trend patterns.

In value terms, Indonesia ($X) constituted the largest supplier of prepared or preserved crab meat to Canada, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by China, with a X% share.

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

Import Prices by Country

The average import price for prepared or preserved crab meat stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the import price, however, enjoyed a measured increase. The most prominent rate of growth was recorded in 2015 an increase of X%. As a result, import price reached the peak level of $X per ton. From 2016 to 2023, the average import prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was India ($X per ton), while the price for Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform