Eastern Asia: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Eastern Asia

The East Asian market for prepared or preserved crab meat fell to $X in 2023, which is down by X% against the previous year. Over the period under review, consumption continues to indicate a slight slump. The level of consumption peaked at $X in 2012; however, from 2013 to 2023, consumption failed to regain momentum.

Production of Prepared Or Preserved Crab Meat in Eastern Asia

In value terms, prepared or preserved crab meat production rose to $X in 2023 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2017 when the production volume increased by X%. The level of production peaked at $X in 2012; however, from 2013 to 2023, production stood at a somewhat lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports in Eastern Asia

In 2023, overseas shipments of prepared or preserved crab meat increased by X% to X tons, rising for the third year in a row after four years of decline. Over the period under review, exports, however, showed a abrupt downturn. The growth pace was the most rapid in 2016 with an increase of X%. As a result, the exports reached the peak of X tons. From 2017 to 2023, the growth of the exports remained at a lower figure.

In value terms, prepared or preserved crab meat exports expanded modestly to $X in 2023. In general, exports, however, recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of X% against the previous year. The level of export peaked at $X in 2012; however, from 2013 to 2023, the exports remained at a lower figure.

Exports by Country

China was the major exporting country with an export of around X tons, which finished at X% of total exports. It was distantly followed by South Korea (X tons), committing a X% share of total exports. The following exporters - Japan (X tons) and Hong Kong SAR (X tons) - each resulted at a X% share of total exports.

Exports from China decreased at an average annual rate of X% from 2012 to 2023. South Korea (X%), Japan (X%) and Hong Kong SAR (X%) illustrated a downward trend over the same period. While the share of South Korea (X p.p.) increased significantly in terms of the total exports from 2012-2023, the share of Hong Kong SAR (X p.p.) and China (X p.p.) displayed negative dynamics. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, China ($X) remains the largest prepared or preserved crab meat supplier in Eastern Asia, comprising X% of total exports. The second position in the ranking was taken by South Korea ($X), with a X% share of total exports. It was followed by Hong Kong SAR, with a X% share.

From 2012 to 2023, the average annual growth rate of value in China totaled X%. The remaining exporting countries recorded the following average annual rates of exports growth: South Korea (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2023, the export price in Eastern Asia amounted to $X per ton, with a decrease of X% against the previous year. Over the period from 2012 to 2023, it increased at an average annual rate of X%. The pace of growth appeared the most rapid in 2017 an increase of X%. The level of export peaked at $X per ton in 2021; however, from 2022 to 2023, the export prices remained at a lower figure.

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

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

Imports of Prepared Or Preserved Crab Meat

Imports in Eastern Asia

In 2023, overseas purchases of prepared or preserved crab meat increased by X% to X tons, rising for the second year in a row after four years of decline. Over the period under review, imports, however, continue to indicate a abrupt setback. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, imports hit record highs at X tons in 2013; however, from 2014 to 2023, imports failed to regain momentum.

In value terms, prepared or preserved crab meat imports fell modestly to $X in 2023. In general, imports, however, continue to indicate a abrupt curtailment. The most prominent rate of growth was recorded in 2022 when imports increased by X%. The level of import peaked at $X in 2012; however, from 2013 to 2023, imports stood at a somewhat lower figure.

Imports by Country

Japan represented the largest importer of prepared or preserved crab meat in Eastern Asia, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. It was distantly followed by Hong Kong SAR (X tons), making up a X% share of total imports. The following importers - China (X tons) and Taiwan (Chinese) (X tons) - each reached a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to prepared or preserved crab meat imports into Japan stood at X%. At the same time, Taiwan (Chinese) (X%) and China (X%) displayed positive paces of growth. Moreover, Taiwan (Chinese) emerged as the fastest-growing importer imported in Eastern Asia, with a CAGR of X% from 2012-2023. By contrast, Hong Kong SAR (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Japan, Taiwan (Chinese) and China increased by X, X and X percentage points, respectively.

In value terms, Japan ($X) constitutes the largest market for imported prepared or preserved crab meat in Eastern Asia, comprising X% of total imports. The second position in the ranking was held by Hong Kong SAR ($X), with a X% share of total imports. It was followed by Taiwan (Chinese), with a X% share.

In Japan, prepared or preserved crab meat imports shrank 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: Hong Kong SAR (X% per year) and Taiwan (Chinese) (X% per year).

Import Prices by Country

The import price in Eastern Asia stood at $X per ton in 2023, reducing by X% against the previous year. In general, the import price, however, saw a relatively flat trend pattern. The growth pace was the most rapid in 2018 an increase of X%. Over the period under review, import prices hit record highs at $X per ton in 2022, and then declined in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Japan ($X per ton), while China ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform