GCC: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in GCC

The GCC market for prepared or preserved crab meat contracted modestly to $X in 2023, declining by X% against the previous year. In general, consumption, however, recorded a prominent expansion. As a result, consumption reached the peak level of $X. From 2020 to 2023, the growth of the market failed to regain momentum.

Production of Prepared Or Preserved Crab Meat in GCC

In value terms, prepared or preserved crab meat production contracted to $X in 2023 estimated in export price. Overall, production, however, showed buoyant growth. The pace of growth was the most pronounced in 2019 with an increase of X%. As a result, production attained the peak level of $X. From 2020 to 2023, production growth remained at a somewhat lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports in GCC

In 2023, exports of prepared or preserved crab meat in GCC contracted markedly to X tons, waning by X% against 2022 figures. In general, exports continue to indicate a deep slump. The pace of growth appeared the most rapid in 2013 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, prepared or preserved crab meat exports contracted modestly to $X in 2023. Overall, exports recorded a pronounced reduction. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. As a result, the exports attained the peak of $X. From 2015 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Bahrain (X tons) was the key exporter of prepared or preserved crab meat, creating X% of total exports. Saudi Arabia (X kg) ranks second in terms of the total exports with a X% share, followed by the United Arab Emirates (X%) and Oman (X%).

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Saudi Arabia (with a CAGR of X%), while the other leaders experienced a decline in the exports figures.

In value terms, the United Arab Emirates ($X) remains the largest prepared or preserved crab meat supplier in GCC, comprising X% of total exports. The second position in the ranking was held by Bahrain ($X), with a X% share of total exports. It was followed by Saudi Arabia, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value in the United Arab Emirates totaled X%. In the other countries, the average annual rates were as follows: Bahrain (X% per year) and Saudi Arabia (X% per year).

Export Prices by Country

The export price in GCC stood at $X per ton in 2023, with an increase of X% against the previous year. Overall, the export price saw a strong expansion. As a result, the export price reached the peak level and is likely to continue growth in the immediate term.

There were significant differences in the average prices amongst the major exporting countries. In 2023, amid the top suppliers, the country with the highest price was Oman ($X per ton), while the United Arab Emirates ($X per ton) was amongst the lowest.

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

Imports of Prepared Or Preserved Crab Meat

Imports in GCC

In 2023, the amount of prepared or preserved crab meat imported in GCC reduced to X tons, dropping by X% on 2022 figures. Overall, imports, however, showed a remarkable increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of import peaked at X tons in 2016; however, from 2017 to 2023, imports remained at a lower figure.

In value terms, prepared or preserved crab meat imports expanded to $X in 2023. Over the period under review, imports, however, saw a resilient expansion. The growth pace was the most rapid in 2021 with an increase of X%. As a result, imports attained the peak of $X; afterwards, it flattened through to 2023.

Imports by Country

The United Arab Emirates represented the major importing country with an import of about X tons, which reached X% of total imports. Qatar (X tons) ranks second in terms of the total imports with a X% share, followed by Kuwait (X%) and Bahrain (X%). Oman (X tons) held a minor share of total imports.

From 2012 to 2023, average annual rates of growth with regard to prepared or preserved crab meat imports into the United Arab Emirates stood at X%. At the same time, Qatar (X%) and Kuwait (X%) displayed positive paces of growth. Moreover, Qatar emerged as the fastest-growing importer imported in GCC, with a CAGR of X% from 2012-2023. Bahrain and Oman experienced a relatively flat trend pattern. While the share of Qatar (X p.p.) and Kuwait (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Oman (X p.p.), the United Arab Emirates (X p.p.) and Bahrain (X p.p.) displayed negative dynamics.

In value terms, the United Arab Emirates ($X) constitutes the largest market for imported prepared or preserved crab meat in GCC, comprising X% of total imports. The second position in the ranking was held by Qatar ($X), with a X% share of total imports. It was followed by Kuwait, with a X% share.

In the United Arab Emirates, prepared or preserved crab meat imports expanded at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Qatar (X% per year) and Kuwait (X% per year).

Import Prices by Country

In 2023, the import price in GCC amounted to $X per ton, with an increase of X% against the previous year. Import price indicated a measured increase from 2012 to 2023: its price 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, prepared or preserved crab meat import price increased by X% against 2016 indices. The pace of growth appeared the most rapid in 2017 when the import price increased by X%. The level of import peaked in 2023 and is expected to retain growth in the near future.

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 Qatar ($X per ton), while Oman ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform