ASEAN: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in ASEAN

In 2023, the ASEAN market for prepared or preserved crab meat increased by X% to $X, rising for the third year in a row after two years of decline. The market value increased at an average annual rate of X% over the period from 2012 to 2023; the trend pattern remained consistent, with somewhat noticeable fluctuations throughout the analyzed period. Over the period under review, the market reached the maximum level in 2023 and is likely to continue growth in the near future.

Production of Prepared Or Preserved Crab Meat in ASEAN

In value terms, prepared or preserved crab meat production expanded significantly to $X in 2023 estimated in export price. The total production indicated pronounced growth 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X%. As a result, production reached the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports in ASEAN

In 2023, overseas shipments 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. Overall, exports, however, showed a relatively flat trend pattern. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2023, the exports failed to regain momentum.

In value terms, prepared or preserved crab meat exports declined to $X in 2023. In general, exports, however, continue to indicate a buoyant expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2022 to 2023, the growth of the exports remained at a somewhat lower figure.

Exports by Country

In 2023, Indonesia (X tons) was the main exporter of prepared or preserved crab meat, comprising X% of total exports. It was distantly followed by Vietnam (X tons) and the Philippines (X tons), together creating a X% share of total exports. Thailand (X tons) followed a long way behind the leaders.

Indonesia was also the fastest-growing in terms of the prepared or preserved crab meat exports, with a CAGR of X% from 2012 to 2023. At the same time, the Philippines (X%) displayed positive paces of growth. By contrast, Vietnam (X%) and Thailand (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Indonesia increased by X percentage points. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) remains the largest prepared or preserved crab meat supplier in ASEAN, comprising X% of total exports. The second position in the ranking was held by Vietnam ($X), with a X% share of total exports. It was followed by the Philippines, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Indonesia stood at X%. The remaining exporting countries recorded the following average annual rates of exports growth: Vietnam (X% per year) and the Philippines (X% per year).

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, reducing by X% against the previous year. Over the period under review, the export price, however, posted a buoyant increase. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2022, and then fell slightly in the following year.

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

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

Imports of Prepared Or Preserved Crab Meat

Imports in ASEAN

In 2023, overseas purchases of prepared or preserved crab meat increased by X% to X tons, rising for the third year in a row after six years of decline. In general, imports recorded prominent growth. The most prominent rate of growth was recorded in 2022 when imports increased by X%. Over the period under review, imports hit record highs at X tons in 2014; however, from 2015 to 2023, imports failed to regain momentum.

In value terms, prepared or preserved crab meat imports fell dramatically to $X in 2023. Total imports indicated a strong 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum at $X in 2014; however, from 2015 to 2023, imports failed to regain momentum.

Imports by Country

In 2023, Malaysia (X tons) was the key importer of prepared or preserved crab meat, committing X% of total imports. The Philippines (X tons) took a X% share (based on physical terms) of total imports, which put it in second place, followed by Indonesia (X%), Singapore (X%), Thailand (X%) and Brunei Darussalam (X%). Vietnam (X tons) followed a long way behind the leaders.

Imports into Malaysia increased at an average annual rate of X% from 2012 to 2023. At the same time, Vietnam (X%), Indonesia (X%), the Philippines (X%) and Brunei Darussalam (X%) displayed positive paces of growth. Moreover, Vietnam emerged as the fastest-growing importer imported in ASEAN, with a CAGR of X% from 2012-2023. By contrast, Thailand (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Malaysia (X p.p.), the Philippines (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Thailand (X p.p.) and Singapore (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Indonesia ($X) constitutes the largest market for imported prepared or preserved crab meat in ASEAN, comprising X% of total imports. The second position in the ranking was held by Thailand ($X), with a X% share of total imports. It was followed by Singapore, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in Indonesia amounted to X%. In the other countries, the average annual rates were as follows: Thailand (X% per year) and Singapore (X% per year).

Import Prices by Country

In 2023, the import price in ASEAN amounted to $X per ton, falling by X% against the previous year. Overall, the import price, however, enjoyed slight growth. The pace of growth appeared the most rapid in 2019 an increase of X% against the previous year. The level of import peaked at $X per ton in 2021; however, from 2022 to 2023, import prices failed to regain momentum.

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

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

Source: IndexBox Platform