Europe: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in Europe

The Europe crab and crab meat market was estimated at $X in 2023, picking up by X% against the previous year. In general, consumption enjoyed strong growth. As a result, consumption reached the peak level of $X. From 2022 to 2023, the growth of the market remained at a lower figure.

Production of Crabs and Crab Meat in Europe

In value terms, crab and crab meat production expanded remarkably to $X in 2023 estimated in export price. Over the period under review, production, however, continues to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth failed to regain momentum.

Exports of Crabs and Crab Meat

Exports in Europe

In 2023, after five years of growth, there was significant decline in shipments abroad of crabs and crab meat, when their volume decreased by X% to X tons. The total export volume increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The pace of growth was the most pronounced in 2016 with an increase of X%. The volume of export peaked at X tons in 2022, and then contracted in the following year.

In value terms, crab and crab meat exports expanded slightly to $X in 2023. Over the period under review, exports, however, continue to indicate strong growth. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Russia prevails in exports structure, accounting for X tons, which was near X% of total exports in 2023. The UK (X tons) ranks second in terms of the total exports with a X% share, followed by Norway (X%) and France (X%). Ireland (X tons), Denmark (X tons) and the Netherlands (X tons) followed a long way behind the leaders.

Russia experienced a relatively flat trend pattern with regard to volume of exports of crabs and crab meat. At the same time, Norway (X%), France (X%), the Netherlands (X%) and Denmark (X%) displayed positive paces of growth. Moreover, Norway emerged as the fastest-growing exporter exported in Europe, with a CAGR of X% from 2012-2023. By contrast, the UK (X%) and Ireland (X%) illustrated a downward trend over the same period. While the share of Norway (X p.p.), France (X p.p.) and the Netherlands (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Ireland (X p.p.), the UK (X p.p.) and Russia (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Russia ($X) remains the largest crab and crab meat supplier in Europe, comprising X% of total exports. The second position in the ranking was taken by Norway ($X), with a X% share of total exports. It was followed by the UK, with a X% share.

From 2012 to 2023, the average annual growth rate of value in Russia stood at X%. In the other countries, the average annual rates were as follows: Norway (X% per year) and the UK (X% per year).

Export Prices by Country

In 2023, the export price in Europe amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price posted a prominent expansion. The most prominent rate of growth was recorded in 2021 an increase of X%. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Russia ($X per ton), while France ($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 other leaders experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports in Europe

In 2023, supplies from abroad of crabs and crab meat decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2022, and then contracted in the following year.

In value terms, crab and crab meat imports reduced remarkably to $X in 2023. Total imports indicated moderate growth 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, imports decreased by X% against 2021 indices. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, France (X tons), distantly followed by Spain (X tons), Portugal (X tons), Denmark (X tons) and Italy (X tons) represented the major importers of crabs and crab meat, together making up X% of total imports. The following importers - the Netherlands (X tons) and the UK (X tons) - each finished at an X% share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the main importing countries, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Denmark ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Among the main importing countries, Denmark, with a CAGR of X%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in Europe stood at $X per ton in 2023, shrinking by X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The growth pace was the most rapid in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

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

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

Source: IndexBox Platform