Australia and Oceania: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Australia and Oceania

In 2023, the market for prepared or preserved crab meat in Australia and Oceania decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. In general, consumption showed a perceptible decrease. The level of consumption peaked at $X in 2014; however, from 2015 to 2023, consumption stood at a somewhat lower figure.

Production of Prepared Or Preserved Crab Meat in Australia and Oceania

In value terms, prepared or preserved crab meat production declined to $X in 2023 estimated in export price. Overall, production saw a pronounced descent. The most prominent rate of growth was recorded in 2013 when the production volume increased by X% against the previous year. Over the period under review, production reached the maximum level at $X in 2014; however, from 2015 to 2023, production stood at a somewhat lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports in Australia and Oceania

In 2023, overseas shipments of prepared or preserved crab meat decreased by X% to X tons, falling for the fourth consecutive year after two years of growth. Over the period under review, exports showed a abrupt slump. The growth pace was the most rapid in 2013 with an increase of X% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2023, the exports stood at a somewhat lower figure.

In value terms, prepared or preserved crab meat exports dropped significantly to $X in 2023. In general, exports recorded a deep downturn. The most prominent rate of growth was recorded in 2013 with an increase of X%. The level of export peaked at $X in 2014; however, from 2015 to 2023, the exports failed to regain momentum.

Exports by Country

New Zealand was the major exporting country with an export of about X tons, which accounted for X% of total exports. It was distantly followed by Australia (X tons), achieving a X% share of total exports.

From 2012 to 2023, the biggest increases were recorded for Australia (with a CAGR of X%).

In value terms, Australia ($X) and New Zealand ($X) were the countries with the highest levels of exports in 2023.

Among the main exporting countries, Australia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Australia and Oceania stood at $X per ton in 2023, waning by X% against the previous year. Export price indicated a temperate expansion 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 2021 indices. The most prominent rate of growth was recorded in 2018 an increase of X%. Over the period under review, the export prices attained the maximum at $X per ton in 2022, and then shrank significantly in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Australia ($X per ton), while New Zealand amounted to $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Imports of Prepared Or Preserved Crab Meat

Imports in Australia and Oceania

In 2023, after three years of growth, there was significant decline in supplies from abroad of prepared or preserved crab meat, when their volume decreased by X% to X tons. Overall, imports showed a deep downturn. The most prominent rate of growth was recorded in 2021 when imports increased by X%. The volume of import peaked at X tons in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

In value terms, prepared or preserved crab meat imports shrank to $X in 2023. Total imports indicated a notable 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2017 when imports increased by X% against the previous year. The level of import peaked at $X in 2022, and then shrank in the following year.

Imports by Country

Australia prevails in imports structure, resulting at X tons, which was near X% of total imports in 2023. It was distantly followed by New Zealand (X tons), making up a X% share of total imports.

Imports into Australia decreased at an average annual rate of X% from 2012 to 2023. New Zealand experienced a relatively flat trend pattern. New Zealand (X p.p.) significantly strengthened its position in terms of the total imports, while Australia saw its share reduced by X% from 2012 to 2023, respectively.

In value terms, Australia ($X) constitutes the largest market for imported prepared or preserved crab meat in Australia and Oceania, comprising X% of total imports. The second position in the ranking was held by New Zealand ($X), with a X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in Australia amounted to X%.

Import Prices by Country

In 2023, the import price in Australia and Oceania amounted to $X per ton, dropping by X% against the previous year. Overall, the import price, however, enjoyed strong growth. The pace of growth appeared the most rapid in 2017 when the import price increased by X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2022, and then declined in the following year.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Australia ($X per ton), while New Zealand totaled $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Australia (X%).

Source: IndexBox Platform