EU: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in the EU

The EU market for prepared or preserved crab meat reached $X in 2023, surging by X% against the previous year. The market value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained relatively stable, with only minor fluctuations throughout the analyzed period. The pace of growth appeared the most rapid in 2018 with an increase of X%. Over the period under review, the market reached the peak level in 2023 and is expected to retain growth in the near future.

Production of Prepared Or Preserved Crab Meat in the EU

In value terms, prepared or preserved crab meat production stood at $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; the trend pattern remained consistent, with only minor fluctuations being observed in certain years. The growth pace was the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2021; however, from 2022 to 2023, production stood at a somewhat lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports in the EU

In 2023, shipments abroad of prepared or preserved crab meat decreased by X% to X tons, falling for the second year in a row after two years of growth. In general, exports saw a perceptible decrease. The pace of growth appeared the most rapid in 2017 with an increase of X% against the previous year. As a result, the exports attained the peak of X tons. From 2018 to 2023, the growth of the exports remained at a lower figure.

In value terms, prepared or preserved crab meat exports contracted dramatically to $X in 2023. Overall, exports saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at $X in 2022, and then fell sharply in the following year.

Exports by Country

In 2023, Belgium (X tons), distantly followed by the Netherlands (X tons), Denmark (X tons), France (X tons) and Sweden (X tons) were the key exporters of prepared or preserved crab meat, together achieving X% of total exports. Ireland (X tons), Germany (X tons) and Portugal (X tons) took a little share of total exports.

From 2012 to 2023, the biggest increases were recorded for Denmark (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest prepared or preserved crab meat supplying countries in the European Union were Belgium ($X), the Netherlands ($X) and Denmark ($X), with a combined X% share of total exports.

Denmark, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, picking up by X% against the previous year. Export price indicated tangible growth 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, prepared or preserved crab meat export price increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, the export prices attained the maximum in 2023 and is likely to see gradual growth in the near future.

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

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

Imports of Prepared Or Preserved Crab Meat

Imports in the EU

In 2023, purchases abroad of prepared or preserved crab meat decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Over the period under review, imports continue to indicate a pronounced descent. The pace of growth was the most pronounced in 2021 when imports increased by X%. Over the period under review, imports reached the peak figure at X tons in 2012; however, from 2013 to 2023, imports failed to regain momentum.

In value terms, prepared or preserved crab meat imports dropped to $X in 2023. Overall, imports saw a pronounced setback. The growth pace was the most rapid in 2021 when imports increased by X%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2023, imports remained at a lower figure.

Imports by Country

France was the key importing country with an import of around X tons, which resulted at X% of total imports. Belgium (X tons) held the second position in the ranking, followed by Sweden (X tons), the Netherlands (X tons) and Germany (X tons). All these countries together held approx. X% share of total imports. Spain (X tons) and Italy (X tons) followed a long way behind the leaders.

From 2012 to 2023, average annual rates of growth with regard to prepared or preserved crab meat imports into France stood at X%. At the same time, Sweden (X%) displayed positive paces of growth. Moreover, Sweden emerged as the fastest-growing importer imported in the European Union, with a CAGR of X% from 2012-2023. Spain and Belgium experienced a relatively flat trend pattern. By contrast, the Netherlands (X%), Italy (X%) and Germany (X%) illustrated a downward trend over the same period. While the share of Sweden (X p.p.), France (X p.p.), Belgium (X p.p.) and Spain (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Italy (X p.p.) and Germany (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, France ($X) constitutes the largest market for imported prepared or preserved crab meat in the European Union, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by Germany, with a X% share.

In France, prepared or preserved crab meat imports decreased by an average annual rate of X% over the period from 2012-2023. The remaining importing countries recorded the following average annual rates of imports growth: Belgium (X% per year) and Germany (X% per year).

Import Prices by Country

In 2023, the import price in the European Union amounted to $X per ton, approximately equating the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2018 when the import price increased by X%. Over the period under review, import prices attained the peak figure 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 Germany ($X per ton), while Sweden ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform