Portugal: Market for Prepared Or Preserved Crab Meat 2024

Market Size for Prepared Or Preserved Crab Meat in Portugal

The Portuguese market for prepared or preserved crab meat rose modestly to $X in 2023, growing by X% against the previous year. Over the period under review, consumption, however, continues to indicate a relatively flat trend pattern. Prepared or preserved crab meat consumption peaked at $X in 2018; however, from 2019 to 2023, consumption stood at a somewhat lower figure.

Production of Prepared Or Preserved Crab Meat in Portugal

In value terms, prepared or preserved crab meat production rose to $X in 2023 estimated in export price. Overall, production, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded 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 lower figure.

Exports of Prepared Or Preserved Crab Meat

Exports from Portugal

In 2023, prepared or preserved crab meat exports from Portugal soared to X tons, increasing by X% against 2022. In general, total exports indicated mild growth 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 decreased by X% against 2019 indices. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports reached the maximum at X tons in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

In value terms, prepared or preserved crab meat exports surged to $X in 2023. Over the period under review, total exports indicated prominent 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. The most prominent rate of growth was recorded in 2013 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2023, the exports stood at a somewhat lower figure.

Exports by Country

France (X tons), Switzerland (X tons) and Spain (X tons) were the main destinations of prepared or preserved crab meat exports from Portugal, together comprising X% of total exports.

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

In value terms, France ($X), Switzerland ($X) and Spain ($X) constituted the largest markets for prepared or preserved crab meat exported from Portugal worldwide, together accounting for X% of total exports.

Among the main countries of destination, Spain, with a CAGR of X%, recorded the highest growth rate of 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

The average export price for prepared or preserved crab meat stood at $X per ton in 2023, surging by X% against the previous year. Over the last eleven-year period, it increased at an average annual rate of X%. The growth pace was the most rapid in 2022 an increase of X% against the previous year. Over the period under review, the average export prices attained the maximum in 2023 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to France ($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 the United States (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Prepared Or Preserved Crab Meat

Imports into Portugal

After four years of decline, purchases abroad of prepared or preserved crab meat increased by X% to X tons in 2023. Overall, imports, however, showed a pronounced descent. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, imports attained the maximum at X tons in 2018; however, from 2019 to 2023, imports failed to regain momentum.

In value terms, prepared or preserved crab meat imports soared to $X in 2023. In general, imports, however, continue to indicate a slight curtailment. The most prominent rate of growth was recorded in 2017 when imports increased by X%. Over the period under review, imports hit record highs at $X in 2018; however, from 2019 to 2023, imports remained at a lower figure.

Imports by Country

In 2023, Spain (X tons) constituted the largest prepared or preserved crab meat supplier to Portugal, with a X% share of total imports. Moreover, prepared or preserved crab meat imports from Spain exceeded the figures recorded by the second-largest supplier, China (X tons), sevenfold. The third position in this ranking was taken by Ireland (X tons), with a X% share.

From 2012 to 2023, the average annual growth rate of volume from Spain was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Ireland (X% per year).

In value terms, Spain ($X) constituted the largest supplier of prepared or preserved crab meat to Portugal, comprising X% of total imports. The second position in the ranking was held by China ($X), with an X% share of total imports. It was followed by Ireland, with a X% share.

From 2012 to 2023, the average annual rate of growth in terms of value from Spain totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: China (X% per year) and Ireland (X% per year).

Import Prices by Country

In 2023, the average import price for prepared or preserved crab meat amounted to $X per ton, picking up by X% against the previous year. Overall, the import price showed noticeable growth. The growth pace was the most rapid in 2020 when the average import price increased by X% against the previous year. Over the period under review, average import prices hit record highs in 2023 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2023, amid the top importers, the country with the highest price was Angola ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Ireland (X%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform