EU: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in the EU

The EU crab and crab meat market dropped to $X in 2023, shrinking by X% against the previous year. Overall, consumption saw a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2019 to 2023, the growth of the market failed to regain momentum.

Production of Crabs and Crab Meat in the EU

In value terms, crab and crab meat production rose modestly to $X in 2023 estimated in export price. The total production indicated a prominent expansion 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 most prominent rate of growth was recorded in 2018 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2019 to 2023, production growth remained at a somewhat lower figure.

Exports of Crabs and Crab Meat

Exports in the EU

In 2023, overseas shipments of crabs and crab meat decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Total exports indicated a strong 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, exports increased by X% against 2017 indices. The most prominent rate of growth was recorded in 2016 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then declined in the following year.

In value terms, crab and crab meat exports fell slightly to $X in 2023. Overall, exports, however, continue to indicate a strong increase. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. The level of export peaked at $X in 2021; however, from 2022 to 2023, the exports failed to regain momentum.

Exports by Country

In 2023, France (X tons), distantly followed by Ireland (X tons), Denmark (X tons), the Netherlands (X tons), Portugal (X tons) and Spain (X tons) were the largest exporters of crabs and crab meat, together mixing up X% of total exports. Sweden (X tons) followed a long way behind the leaders.

From 2012 to 2023, the biggest increases were recorded for Portugal (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest crab and crab meat supplying countries in the European Union were France ($X), Ireland ($X) and Denmark ($X), with a combined X% share of total exports. The Netherlands, Portugal, Sweden and Spain lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Portugal, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in the European Union amounted to $X per ton, surging by X% against the previous year. Export price indicated a moderate increase 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, crab and crab meat export price decreased by X% against 2021 indices. The most prominent rate of growth was recorded 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.

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 Sweden ($X per ton), while France ($X per ton) was amongst the lowest.

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

Imports of Crabs and Crab Meat

Imports in the EU

In 2023, overseas purchases of crabs and crab meat decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. Overall, imports, however, continue to indicate a relatively flat trend pattern. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, imports attained the peak figure at X tons in 2022, and then fell in the following year.

In value terms, crab and crab meat imports contracted rapidly to $X in 2023. Total imports indicated a moderate expansion 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. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. The level of import peaked at $X in 2022, and then shrank significantly in the following year.

Imports by Country

In 2023, France (X tons), distantly followed by Spain (X tons), Portugal (X tons), Denmark (X tons), Italy (X tons) and the Netherlands (X tons) were the major importers of crabs and crab meat, together making up X% of total imports. Belgium (X tons) held a relatively small share of total imports.

From 2012 to 2023, the most notable rate of growth in terms of purchases, amongst the leading importing countries, was attained by Denmark (with a CAGR of X%), while imports for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Spain ($X) and Denmark ($X) appeared to be the countries with the highest levels of imports in 2023, together comprising X% of total imports.

Among the main importing countries, Denmark, with a CAGR of X%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The import price in the European Union stood at $X per ton in 2023, waning by X% against the previous year. Over the last eleven years, it increased at an average annual rate of X%. The pace of growth was the most pronounced in 2018 when the import price increased by X%. Over the period under review, import prices attained the peak figure at $X per ton in 2022, and then dropped 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 Denmark ($X per ton), while Belgium ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform