Norway: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in Norway

In 2023, the Norwegian crab and crab meat market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, enjoyed a tangible expansion. Crab and crab meat consumption peaked at $X in 2021; however, from 2022 to 2023, consumption stood at a somewhat lower figure.

Production of Crabs and Crab Meat in Norway

In value terms, crab and crab meat production expanded markedly to $X in 2023 estimated in export price. In general, production recorded a resilient expansion. The most prominent rate of growth was recorded in 2016 with an increase of X%. Crab and crab meat production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Crabs and Crab Meat

Exports from Norway

In 2023, the amount of crabs and crab meat exported from Norway skyrocketed to X tons, growing by X% against the previous year's figure. In general, exports saw a strong increase. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. The exports peaked in 2023 and are expected to retain growth in the near future.

In value terms, crab and crab meat exports amounted to $X in 2023. Over the period under review, exports continue to indicate a resilient increase. 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

The United States (X tons) was the main destination for crab and crab meat exports from Norway, with a X% share of total exports. Moreover, crab and crab meat exports to the United States exceeded the volume sent to the second major destination, the Netherlands (X tons), threefold. The third position in this ranking was taken by Denmark (X tons), with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of volume to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Denmark (X% per year).

In value terms, the United States ($X) remains the key foreign market for crabs and crab meat exports from Norway, comprising X% of total exports. The second position in the ranking was taken by Hong Kong SAR ($X), with an X% share of total exports. It was followed by the Netherlands, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value to the United States stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (X% per year) and the Netherlands (X% per year).

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. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the average export prices failed to regain momentum.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to Indonesia ($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 Vietnam (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports into Norway

In 2023, crab and crab meat imports into Norway expanded rapidly to X tons, surging by X% on the previous year. Overall, imports showed a significant increase. The growth pace was the most rapid in 2014 with an increase of 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, crab and crab meat imports fell dramatically to $X in 2023. Over the period under review, imports enjoyed a prominent increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

Imports by Country

In 2023, Denmark (X tons) constituted the largest supplier of crab and crab meat to Norway, with a X% share of total imports. Moreover, crab and crab meat imports from Denmark exceeded the figures recorded by the second-largest supplier, the UK (X tons), more than tenfold. The third position in this ranking was held by Vietnam (X tons), with a X% share.

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

In value terms, Denmark ($X) constituted the largest supplier of crabs and crab meat to Norway, comprising X% of total imports. The second position in the ranking was taken by the UK ($X), with an X% share of total imports. It was followed by Vietnam, with a X% share.

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

Import Prices by Country

In 2023, the average crab and crab meat import price amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price showed a abrupt descent. The most prominent rate of growth was recorded in 2016 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2018; however, from 2019 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform