ASEAN: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in ASEAN

The ASEAN crab and crab meat market rose markedly to $X in 2023, picking up by X% against the previous year. Over the period under review, consumption continues to indicate resilient growth. Over the period under review, the market hit record highs at $X in 2021; however, from 2022 to 2023, consumption failed to regain momentum.

Production of Crabs and Crab Meat in ASEAN

In value terms, crab and crab meat production stood at $X in 2023 estimated in export price. Overall, production saw a prominent increase. The growth pace was the most rapid in 2014 with an increase of X%. Over the period under review, production attained the maximum level at $X in 2021; however, from 2022 to 2023, production remained at a lower figure.

Exports of Crabs and Crab Meat

Exports in ASEAN

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. Overall, exports, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 when exports increased by X% against the previous year. The volume of export peaked at X tons in 2022, and then reduced slightly in the following year.

In value terms, crab and crab meat exports fell to $X in 2023. Over the period under review, exports recorded a mild shrinkage. The growth pace was the most rapid in 2021 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2022, and then dropped in the following year.

Exports by Country

In 2023, Myanmar (X tons), distantly followed by Indonesia (X tons), Vietnam (X tons), Malaysia (X tons), the Philippines (X tons) and Thailand (X tons) were the major exporters of crabs and crab meat, together constituting X% of total exports.

From 2012 to 2023, the most notable rate of growth in terms of shipments, amongst the key exporting countries, was attained by Malaysia (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, the largest crab and crab meat supplying countries in ASEAN were Indonesia ($X), Myanmar ($X) and Vietnam ($X), together accounting for X% of total exports. The Philippines, Thailand and Malaysia lagged somewhat behind, together comprising a further X%.

Among the main exporting countries, Malaysia, 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 mixed trends in the exports figures.

Export Prices by Country

The export price in ASEAN stood at $X per ton in 2023, dropping by X% against the previous year. Overall, the export price showed a mild downturn. The most prominent rate of growth was recorded in 2019 when the export price increased by X% against the previous year. Over the period under review, the export prices reached the maximum at $X per ton in 2012; however, from 2013 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 Vietnam ($X per ton), while Malaysia ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the Philippines (X%), while the other leaders experienced mixed trends in the export price figures.

Imports of Crabs and Crab Meat

Imports in ASEAN

In 2023, supplies from abroad of crabs and crab meat decreased by X% to X tons for the first time since 2020, thus ending a two-year rising trend. In general, imports, however, saw a noticeable expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. As a result, imports reached the peak of X tons. From 2019 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, crab and crab meat imports fell dramatically to $X in 2023. Total imports 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. The pace of growth was the most pronounced in 2018 with an increase of X%. Over the period under review, imports attained the peak figure at $X in 2019; however, from 2020 to 2023, imports failed to regain momentum.

Imports by Country

Thailand was the key importer of crabs and crab meat in ASEAN, with the volume of imports amounting to X tons, which was approx. X% of total imports in 2023. Indonesia (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Vietnam (X%), Malaysia (X%) and Singapore (X%).

Thailand was also the fastest-growing in terms of the crabs and crab meat imports, with a CAGR of X% from 2012 to 2023. At the same time, Indonesia (X%) displayed positive paces of growth. Vietnam experienced a relatively flat trend pattern. By contrast, Malaysia (X%) and Singapore (X%) illustrated a downward trend over the same period. While the share of Thailand (X p.p.) and Indonesia (X p.p.) increased significantly in terms of the total imports from 2012-2023, the share of Vietnam (X p.p.), Malaysia (X p.p.) and Singapore (X p.p.) displayed negative dynamics.

In value terms, the largest crab and crab meat importing markets in ASEAN were Vietnam ($X), Indonesia ($X) and Thailand ($X), together comprising X% of total imports.

In terms of the main importing countries, Thailand, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced mixed trends in the imports figures.

Import Prices by Country

The import price in ASEAN stood at $X per ton in 2023, shrinking by X% against the previous year. Overall, the import price continues to indicate a noticeable decline. The growth pace was the most rapid in 2019 when the import price increased by X%. The level of import peaked at $X per ton in 2012; however, from 2013 to 2023, import prices stood at a somewhat lower figure.

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 Vietnam ($X per ton), while Thailand ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform