IndexBox has just published a new report: ‘U.S. – Prepared Or Preserved Crab Meat – Market Analysis, Forecast, Size, Trends and Insights‘. Here is a summary of the report’s key findings.

American imports of prepared or preserved crab meat show a sign of recovery this year. In the first seven months of 2021, the U.S. imported 17.5K tonnes of crab meat, which was +4.4% higher than the figures for the same period of 2020. In 2021, the average price for imported crab meat rose approximately by +22% compared to the previous year. Indonesia remains the largest supplier, providing nearly half of the total American import volume. Last year, the U.S. boosted purchases from Indonesia, while imports from Venezuela and China declined.

American Imports of Prepared or Preserved Crab Meat

In the first seven months of 2021, the U.S. purchased 17.5K tonnes of crab meat against 16.7K tonnes of the same period of 2020. In value terms, they increased from $327M to $417M. The average price for imported crab meat grew approximately by +22% compared to the figures of 2020.

In 2020, the amount of prepared or preserved crab meat imported into the U.S. dropped to 30K tonnes, down by -7.8% against the year before. In value terms, prepared or preserved crab meat imports dropped sharply from $693M to $562M (IndexBox estimates) in 2020.  In 2020, Indonesia (14K tonnes) constituted the largest supplier of prepared or preserved crab meat to the U.S., with a 47% share of total imports. Moreover, imports from Indonesia exceeded the figures recorded by the second-largest supplier, Venezuela (2.5K tonnes), sixfold. China (2.4K tonnes) ranked third in terms of total imports with an 8.2% share.

In 2020, the import volume from Indonesia rose by +11.2% y-o-y. The supplies from Venezuela and China declined by -15.9% y-o-y and -14.4% y-o-y respectively.

In value terms, Indonesia ($280M) constituted the largest supplier of prepared or preserved crab meat to the U.S., comprising 50% of total imports. The second position in the ranking was occupied by the Philippines ($46M), with an 8.2% share of total imports. It was followed by Viet Nam, with a 7.4% share.

The average import price for prepared or preserved crab meat stood at $18,894 per tonne in 2020, declining by -12.1% against the previous year. There were significant differences in the average prices amongst the major supplying countries. In 2020, the country with the highest price was the Philippines, while the price for China was amongst the lowest.

Source: IndexBox Platform