Nigeria: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Nigeria

The Nigerien market for prepared or preserved crab meat declined to $X in 2022, dropping by X% against the previous year. Overall, consumption saw a strong increase. Over the period under review, the market attained the peak level at $X in 2019; however, from 2020 to 2022, consumption failed to regain momentum.

Production of Prepared Or Preserved Crab Meat in Nigeria

In value terms, prepared or preserved crab meat production declined to $X in 2022 estimated in export price. Overall, production showed a remarkable increase. The pace of growth was the most pronounced in 2015 when the production volume increased by X% against the previous year. Over the period under review, production attained the maximum level at $X in 2019; however, from 2020 to 2022, production stood at a somewhat lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports from Nigeria

After two years of growth, shipments abroad of prepared or preserved crab meat decreased by X% to X kg in 2022. Over the period under review, exports, however, posted a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at X kg in 2021, and then dropped markedly in the following year.

In value terms, prepared or preserved crab meat exports shrank markedly to $X in 2022. Overall, exports, however, posted a significant expansion. The pace of growth was the most pronounced in 2020 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2021, and then reduced sharply in the following year.

Exports by Country

Slovakia (X kg) was the main destination for prepared or preserved crab meat exports from Nigeria, with a X% share of total exports. Moreover, prepared or preserved crab meat exports to Slovakia exceeded the volume sent to the second major destination, Canada (X kg), tenfold.

From 2012 to 2022, the average annual growth rate of volume to Slovakia stood at X%.

In value terms, Slovakia ($X) remains the key foreign market for prepared or preserved crab meat exports from Nigeria, comprising X% of total exports. The second position in the ranking was held by Canada ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Slovakia totaled X%.

Export Prices by Country

In 2022, the average export price for prepared or preserved crab meat amounted to $X per ton, remaining relatively unchanged against the previous year. Overall, the export price saw a relatively flat trend pattern. The most prominent rate of growth was recorded in 2017 when the average export price increased by X% against the previous year. Over the period under review, the average export prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the average price for exports to Slovakia stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Slovakia (X%).

Imports of Prepared Or Preserved Crab Meat

Imports into Nigeria

In 2022, supplies from abroad of prepared or preserved crab meat was finally on the rise to reach X kg after four years of decline. In general, imports, however, continue to indicate a significant decline. Imports peaked at X tons in 2013; however, from 2014 to 2022, imports remained at a lower figure.

In value terms, prepared or preserved crab meat imports skyrocketed to $X in 2022. Over the period under review, imports, however, recorded a dramatic shrinkage. The growth pace was the most rapid in 2016 with an increase of X%. Over the period under review, imports hit record highs at $X in 2013; however, from 2014 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Italy (X kg) constituted the largest prepared or preserved crab meat supplier to Nigeria, accounting for a X% share of total imports. Moreover, prepared or preserved crab meat imports from Italy exceeded the figures recorded by the second-largest supplier, Germany (X kg), sixfold. The third position in this ranking was taken by South Africa (X kg), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Africa (X% per year).

In value terms, Italy ($X) constituted the largest supplier of prepared or preserved crab meat to Nigeria, comprising X% of total imports. The second position in the ranking was taken by Germany ($X), with a X% share of total imports. It was followed by South Africa, with a X% share.

From 2012 to 2022, the average annual growth rate of value from Italy was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Germany (X% per year) and South Africa (X% per year).

Import Prices by Country

In 2022, the average import price for prepared or preserved crab meat amounted to $X per ton, falling by X% against the previous year. Over the period under review, the import price faced a abrupt decline. The pace of growth was the most pronounced in 2021 an increase of X% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Germany ($X per ton), while the price for France ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Germany (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

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