Eastern Asia: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in Eastern Asia

The East Asian crab and crab meat market rose slightly to $X in 2023, with an increase of X% against the previous year. In general, consumption recorded a relatively flat trend pattern. As a result, consumption reached the peak level of $X. From 2015 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Crabs and Crab Meat in Eastern Asia

In value terms, crab and crab meat production totaled $X in 2023 estimated in export price. Over the period under review, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 with an increase of X%. As a result, production attained the peak level of $X. From 2015 to 2023, production growth remained at a somewhat lower figure.

Exports of Crabs and Crab Meat

Exports in Eastern Asia

In 2023, approx. X tons of crabs and crab meat were exported in Eastern Asia; increasing by X% against the year before. Overall, exports, however, showed a perceptible descent. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. The volume of export peaked at X tons in 2016; however, from 2017 to 2023, the exports remained at a lower figure.

In value terms, crab and crab meat exports shrank modestly to $X in 2023. In general, exports, however, saw a mild decrease. The most prominent rate of growth was recorded in 2014 with an increase of X%. The level of export peaked at $X in 2015; however, from 2016 to 2023, the exports failed to regain momentum.

Exports by Country

China represented the key exporter of crabs and crab meat in Eastern Asia, with the volume of exports finishing at X tons, which was near X% of total exports in 2023. It was distantly followed by South Korea (X tons), creating a X% share of total exports. Japan (X tons) and Hong Kong SAR (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to crab and crab meat exports from China stood at X%. At the same time, South Korea (X%) and Japan (X%) displayed positive paces of growth. Moreover, South Korea emerged as the fastest-growing exporter exported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and South Korea increased by X and X percentage points, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest crab and crab meat supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Japan, with a X% share.

In China, crab and crab meat exports contracted by an average annual rate of X% over the period from 2012-2023. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Japan (X% per year).

Export Prices by Country

The export price in Eastern Asia stood at $X per ton in 2023, which is down by X% against the previous year. Overall, the export price, however, showed a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices remained at a somewhat lower figure.

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

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

Imports of Crabs and Crab Meat

Imports in Eastern Asia

In 2023, overseas purchases of crabs and crab meat increased by X% to X tons, rising for the third consecutive year after three years of decline. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained relatively stable, with somewhat noticeable fluctuations throughout the analyzed period. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2018 to 2023, the growth of imports failed to regain momentum.

In value terms, crab and crab meat imports rose markedly to $X in 2023. Total imports indicated a buoyant expansion from 2012 to 2023: its value 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. Based on 2023 figures, imports increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, imports attained the peak figure in 2023 and are expected to retain growth in the near future.

Imports by Country

China was the main importer of crabs and crab meat in Eastern Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. It was distantly followed by South Korea (X tons) and Japan (X tons), together comprising a X% share of total imports. The following importers - Taiwan (Chinese) (X tons) and Hong Kong SAR (X tons) - each amounted to a X% share of total imports.

China was also the fastest-growing in terms of the crabs and crab meat imports, with a CAGR of X% from 2012 to 2023. At the same time, South Korea (X%) displayed positive paces of growth. By contrast, Taiwan (Chinese) (X%), Hong Kong SAR (X%) and Japan (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of China and South Korea increased by X and X percentage points, respectively.

In value terms, China ($X) constitutes the largest market for imported crabs and crab meat in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by South Korea ($X), with a X% share of total imports. It was followed by Japan, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China amounted to X%. In the other countries, the average annual rates were as follows: South Korea (X% per year) and Japan (X% per year).

Import Prices by Country

In 2023, the import price in Eastern Asia amounted to $X per ton, falling by X% against the previous year. Import price indicated a tangible increase from 2012 to 2023: its price 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, crab and crab meat import price decreased by X% against 2021 indices. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices attained the maximum at $X per ton in 2021; however, from 2022 to 2023, import prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Hong Kong SAR ($X per ton), while Taiwan (Chinese) ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Hong Kong SAR (X%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform