Northern America: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in Northern America

In 2023, the North American crab and crab meat market decreased by X% to $X, falling for the second year in a row after three years of growth. Over the period under review, consumption recorded a noticeable descent. As a result, consumption attained the peak level of $X. From 2022 to 2023, the growth of the market remained at a somewhat lower figure.

Production of Crabs and Crab Meat in Northern America

In value terms, crab and crab meat production rose to $X in 2023 estimated in export price. The total output value increased at an average annual rate of X% from 2012 to 2023; however, the trend pattern remained consistent, with somewhat noticeable fluctuations being observed throughout the analyzed period. The pace of growth was the most pronounced in 2021 with an increase of X%. As a result, production attained the peak level of $X. From 2022 to 2023, production growth remained at a somewhat lower figure.

Exports of Crabs and Crab Meat

Exports in Northern America

In 2023, the amount of crabs and crab meat exported in Northern America surged to X tons, jumping by X% on the year before. Over the period under review, exports recorded a relatively flat trend pattern. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

In value terms, crab and crab meat exports shrank significantly to $X in 2023. Total exports indicated noticeable growth 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, exports decreased by X% against 2021 indices. The pace of growth appeared the most rapid in 2021 with an increase of X% against the previous year. As a result, the exports reached the peak of $X. From 2022 to 2023, the growth of the exports remained at a lower figure.

Exports by Country

In 2023, Canada (X tons) represented the largest exporter of crabs and crab meat, generating X% of total exports. It was distantly followed by the United States (X tons), creating a X% share of total exports. Greenland (X tons) followed a long way behind the leaders.

Exports from Canada increased at an average annual rate of X% from 2012 to 2023. At the same time, Greenland (X%) displayed positive paces of growth. Moreover, Greenland emerged as the fastest-growing exporter exported in Northern America, with a CAGR of X% from 2012-2023. By contrast, the United States (X%) illustrated a downward trend over the same period. From 2012 to 2023, the share of Canada and Greenland increased by X and X percentage points, respectively.

In value terms, Canada ($X) remains the largest crab and crab meat supplier in Northern America, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports.

From 2012 to 2023, the average annual growth rate of value in Canada stood at X%. In the other countries, the average annual rates were as follows: the United States (X% per year) and Greenland (X% per year).

Export Prices by Country

The export price in Northern America stood at $X per ton in 2023, with a decrease of X% against the previous year. Over the period under review, the export price, however, showed a perceptible expansion. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2022 to 2023, the export prices failed to regain momentum.

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 Greenland ($X per ton), while the United States ($X per ton) was amongst the lowest.

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

Imports of Crabs and Crab Meat

Imports in Northern America

In 2023, overseas purchases of crabs and crab meat decreased by X% to X tons, falling for the second year in a row after three years of growth. The total import volume increased at an average annual rate of X% over the period from 2012 to 2023; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2013 when imports increased by X%. The volume of import peaked at X tons in 2021; however, from 2022 to 2023, imports stood at a somewhat lower figure.

In value terms, crab and crab meat imports plummeted to $X in 2023. Overall, imports, however, enjoyed a perceptible increase. The growth pace was the most rapid in 2021 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2022 to 2023, the growth of imports remained at a lower figure.

Imports by Country

In 2023, the United States (X tons) represented the key importer of crabs and crab meat, comprising X% of total imports. It was distantly followed by Canada (X tons), constituting a X% share of total imports.

From 2012 to 2023, average annual rates of growth with regard to crab and crab meat imports into the United States stood at X%. At the same time, Canada (X%) displayed positive paces of growth. Moreover, Canada emerged as the fastest-growing importer imported in Northern America, with a CAGR of X% from 2012-2023. The shares of the largest importers remained relatively stable throughout the analyzed period.

In value terms, the United States ($X) constitutes the largest market for imported crabs and crab meat in Northern America, comprising X% of total imports. The second position in the ranking was held by Canada ($X), with an X% share of total imports.

From 2012 to 2023, the average annual growth rate of value in the United States totaled X%.

Import Prices by Country

In 2023, the import price in Northern America amounted to $X per ton, dropping by X% against the previous year. Over the period under review, the import price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 when the import price increased by X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2022 to 2023, the import prices remained at a lower figure.

Average prices varied somewhat amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was the United States ($X per ton), while Canada stood at $X per ton.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by the United States (X%).

Source: IndexBox Platform