India: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in India

The Indian crab and crab meat market totaled $X in 2023, stabilizing at the previous year. Over the period under review, the total consumption indicated a buoyant increase 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, consumption decreased by X% against 2021 indices. Over the period under review, the market attained the maximum level at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Crabs and Crab Meat in India

In value terms, crab and crab meat production reached $X in 2023 estimated in export price. In general, the total production indicated a remarkable increase 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 2019 indices. The pace of growth was the most pronounced in 2013 when the production volume increased by X% against the previous year. Crab and crab meat production peaked at $X in 2019; however, from 2020 to 2023, production remained at a lower figure.

Exports of Crabs and Crab Meat

Exports from India

In 2023, crab and crab meat exports from India rose remarkably to X tons, increasing by X% on 2022 figures. Over the period under review, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

In value terms, crab and crab meat exports expanded to $X in 2023. In general, exports, however, continue to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when exports increased by X%. As a result, the exports attained the peak of $X. From 2017 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

China (X tons) was the main destination for crab and crab meat exports from India, with a X% share of total exports. Moreover, crab and crab meat exports to China exceeded the volume sent to the second major destination, Singapore (X tons), fourfold. The third position in this ranking was taken by Hong Kong SAR (X tons), with a X% share.

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

In value terms, the largest markets for crab and crab meat exported from India were China ($X), Singapore ($X) and Taiwan (Chinese) ($X), together comprising X% of total exports. Hong Kong SAR, the United States, Thailand, Malaysia and South Korea lagged somewhat behind, together accounting for a further X%.

Among the main countries of destination, Hong Kong SAR, with a CAGR of X%, saw the highest growth rate of the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The average crab and crab meat export price stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2013 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2014 to 2023, the average export prices remained at a somewhat lower figure.

There were significant differences in the average prices for the major external markets. In 2023, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Malaysia ($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 States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports into India

After three years of growth, supplies from abroad of crabs and crab meat decreased by X% to X tons in 2023. In general, imports, however, saw a resilient increase. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Imports peaked at X tons in 2022, and then dropped sharply in the following year.

In value terms, crab and crab meat imports contracted remarkably to $X in 2023. Overall, imports, however, posted a prominent expansion. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports attained the maximum at $X in 2022, and then declined dramatically in the following year.

Imports by Country

In 2023, Bahrain (X tons) constituted the largest supplier of crab and crab meat to India, accounting for a X% share of total imports. Moreover, crab and crab meat imports from Bahrain exceeded the figures recorded by the second-largest supplier, Tunisia (X tons), fourfold.

From 2012 to 2023, the average annual rate of growth in terms of volume from Bahrain amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (X% per year) and the UK (X% per year).

In value terms, Bahrain ($X) constituted the largest supplier of crabs and crab meat to India, comprising X% of total imports. The second position in the ranking was held by Tunisia ($X), with a X% share of total imports.

From 2012 to 2023, the average annual rate of growth in terms of value from Bahrain stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Tunisia (X% per year) and the UK (X% per year).

Import Prices by Country

In 2023, the average crab and crab meat import price amounted to $X per ton, with a decrease of X% against the previous year. Overall, the import price showed a deep slump. The pace of growth was the most pronounced in 2019 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Bahrain ($X per ton), while the price for the UK ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Singapore (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform