Latin America and the Caribbean: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Latin America and the Caribbean

The Latin American market for prepared or preserved crab meat rose notably to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption showed a mild downturn. Over the period under review, the market hit record highs at $X in 2012; however, from 2013 to 2023, consumption remained at a lower figure.

Production of Prepared Or Preserved Crab Meat in Latin America and the Caribbean

In value terms, prepared or preserved crab meat production expanded notably to $X in 2023 estimated in export price. The total production indicated a mild 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, production decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2014 with an increase of X%. As a result, production reached the peak level of $X. From 2015 to 2023, production growth failed to regain momentum.

Exports of Prepared Or Preserved Crab Meat

Exports in Latin America and the Caribbean

In 2023, prepared or preserved crab meat exports in Latin America and the Caribbean reduced slightly to X tons, falling by X% against the previous year. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2015 with an increase of X% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2023, the exports stood at a somewhat lower figure.

In value terms, prepared or preserved crab meat exports stood at $X in 2023. Total exports indicated tangible growth 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, exports increased by X% against 2019 indices. The most prominent rate of growth was recorded in 2015 when exports increased by X%. Over the period under review, the exports hit record highs in 2023 and are expected to retain growth in the near future.

Exports by Country

In 2023, Venezuela (X tons) represented the main exporter of prepared or preserved crab meat, comprising X% of total exports. Mexico (X tons) held a X% share (based on physical terms) of total exports, which put it in second place, followed by Colombia (X%) and Chile (X%). The following exporters - Argentina (X tons) and Nicaragua (X tons) - each amounted to a X% share of total exports.

Exports from Venezuela increased at an average annual rate of X% from 2012 to 2023. At the same time, Nicaragua (X%) and Colombia (X%) displayed positive paces of growth. Moreover, Nicaragua emerged as the fastest-growing exporter exported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. By contrast, Mexico (X%), Argentina (X%) and Chile (X%) illustrated a downward trend over the same period. Venezuela (X p.p.), Colombia (X p.p.) and Nicaragua (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina, Chile and Mexico saw its share reduced by X%, X% and X% from 2012 to 2023, respectively.

In value terms, Venezuela ($X) remains the largest prepared or preserved crab meat supplier in Latin America and the Caribbean, comprising X% of total exports. The second position in the ranking was taken by Mexico ($X), with a X% share of total exports. It was followed by Colombia, with an X% share.

From 2012 to 2023, the average annual growth rate of value in Venezuela totaled X%. In the other countries, the average annual rates were as follows: Mexico (X% per year) and Colombia (X% per year).

Export Prices by Country

The export price in Latin America and the Caribbean stood at $X per ton in 2023, with an increase of X% against the previous year. Export price indicated noticeable growth 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 export price decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2022 to 2023, the export prices failed to regain momentum.

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

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

Imports of Prepared Or Preserved Crab Meat

Imports in Latin America and the Caribbean

In 2023, approx. X tons of prepared or preserved crab meat were imported in Latin America and the Caribbean; leveling off at the previous year. Total imports indicated a mild expansion from 2012 to 2023: its volume 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 decreased by X% against 2021 indices. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. The volume of import peaked at X tons in 2018; however, from 2019 to 2023, imports stood at a somewhat lower figure.

In value terms, prepared or preserved crab meat imports contracted to $X in 2023. Over the period under review, imports, however, recorded a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 with an increase of X%. Over the period under review, imports attained the maximum at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

Colombia was the largest importing country with an import of around X tons, which accounted for X% of total imports. Ecuador (X tons) took the second position in the ranking, followed by Panama (X tons), Bahamas (X tons), Aruba (X tons) and Trinidad and Tobago (X tons). All these countries together held near X% share of total imports. Jamaica (X tons), Barbados (X tons), El Salvador (X tons), Honduras (X tons), Chile (X tons) and Grenada (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 Colombia stood at X%. At the same time, Grenada (X%), Honduras (X%), Aruba (X%), Bahamas (X%) and Barbados (X%) displayed positive paces of growth. Moreover, Grenada emerged as the fastest-growing importer imported in Latin America and the Caribbean, with a CAGR of X% from 2012-2023. Trinidad and Tobago and Panama experienced a relatively flat trend pattern. By contrast, Ecuador (X%), Jamaica (X%), El Salvador (X%) and Chile (X%) illustrated a downward trend over the same period. Colombia (X p.p.), Panama (X p.p.), Bahamas (X p.p.), Aruba (X p.p.), Honduras (X p.p.) and Grenada (X p.p.) significantly strengthened its position in terms of the total imports, while El Salvador, Jamaica, Chile and Ecuador saw its share reduced by X%, X%, X% and X% from 2012 to 2023, respectively. The shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Colombia ($X) constitutes the largest market for imported prepared or preserved crab meat in Latin America and the Caribbean, comprising X% of total imports. The second position in the ranking was taken by Ecuador ($X), with a X% share of total imports. It was followed by Bahamas, with a X% share.

In Colombia, prepared or preserved crab meat imports increased at an average annual rate of X% over the period from 2012-2023. In the other countries, the average annual rates were as follows: Ecuador (X% per year) and Bahamas (X% per year).

Import Prices by Country

In 2023, the import price in Latin America and the Caribbean amounted to $X per ton, shrinking by X% against the previous year. Overall, the import price saw a slight downturn. The pace of growth appeared the most rapid in 2022 an increase of X% against the previous year. Over the period under review, import prices hit record highs at $X per ton in 2014; however, from 2015 to 2023, import prices failed to regain momentum.

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 Barbados ($X per ton), while Chile ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform