Australia: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in Australia

In 2023, the Australian crab and crab meat market decreased by X% to $X for the first time since 2020, thus ending a two-year rising trend. The market value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. As a result, consumption attained the peak level of $X, and then reduced dramatically in the following year.

Production of Crabs and Crab Meat in Australia

In value terms, crab and crab meat production rose rapidly to $X in 2023 estimated in export price. Overall, production, however, continues to indicate a moderate expansion. The most prominent rate of growth was recorded in 2017 when the production volume increased by X% against the previous year. Crab and crab meat production peaked at $X in 2021; however, from 2022 to 2023, production failed to regain momentum.

Exports of Crabs and Crab Meat

Exports from Australia

In 2023, overseas shipments of crabs and crab meat increased by X% to X tons for the first time since 2018, thus ending a four-year declining trend. Overall, exports, however, recorded a perceptible decline. The exports peaked at X tons in 2015; however, from 2016 to 2023, the exports stood at a somewhat lower figure.

In value terms, crab and crab meat exports surged to $X in 2023. In general, exports recorded a modest expansion. The most prominent rate of growth was recorded in 2021 when exports increased by X%. Over the period under review, the exports attained the peak figure in 2023 and are expected to retain growth in years to come.

Exports by Country

Thailand (X tons), China (X tons) and Canada (X tons) were the main destinations of crab and crab meat exports from Australia, together comprising X% of total exports.

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

In value terms, China ($X) remains the key foreign market for crabs and crab meat exports from Australia, comprising X% of total exports. The second position in the ranking was taken by Thailand ($X), with an 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 to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Thailand (X% per year) and Hong Kong SAR (X% per year).

Export Prices by Country

In 2023, the average crab and crab meat export price amounted to $X per ton, which is down by X% against the previous year. Overall, the export price, however, enjoyed a pronounced increase. The growth pace was the most rapid in 2017 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2022, and then fell in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Thailand ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was recorded for supplies to Taiwan (Chinese) (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports into Australia

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. Overall, imports recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2022 when imports increased by X% against the previous year. Over the period under review, imports hit record highs at X tons in 2015; however, from 2016 to 2023, imports stood at a somewhat lower figure.

In value terms, crab and crab meat imports dropped significantly to $X in 2023. In general, total imports indicated a tangible 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, imports increased by X% against 2020 indices. The pace of growth appeared the most rapid in 2022 when imports increased by X% against the previous year. As a result, imports attained the peak of $X, and then plummeted in the following year.

Imports by Country

Myanmar (X tons), Tunisia (X tons) and Bangladesh (X tons) were the main suppliers of crab and crab meat imports to Australia, with a combined X% share of total imports. Indonesia, Chile, Madagascar, Thailand, Vietnam and China lagged somewhat behind, together accounting for a further X%.

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

In value terms, Myanmar ($X), Chile ($X) and Indonesia ($X) constituted the largest crab and crab meat suppliers to Australia, together accounting for X% of total imports. Tunisia, Bangladesh, Thailand, Madagascar, Vietnam and China lagged somewhat behind, together accounting for a further X%.

Madagascar, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average crab and crab meat import price stood at $X per ton in 2023, picking up by X% against the previous year. Overall, 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. The most prominent rate of growth was recorded in 2017 when the average import price increased by X% against the previous year. The import price peaked at $X per ton in 2019; however, from 2020 to 2023, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Chile ($X per ton), while the price for Madagascar ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform