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Colombia - Crabs And Crabs Meat - Market Analysis, Forecast, Size, Trends And Insights
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View PricingPrice for Crab and Crab Meat in Colombia - 2022
Contents:
- Price for Crab and Crab Meat in Colombia (CIF) - 2022
- Price for Crab and Crab Meat in Colombia (FOB) - 2022
- Imports of Crab and Crab Meat in Colombia
- Exports of Crab and Crab Meat in Colombia
Price for Crab and Crab Meat in Colombia (CIF) - 2022
The average crab and crab meat import price stood at $8,663 per ton in 2022, with a decrease of -61.7% against the previous year. Over the period under review, the import price recorded a abrupt setback. The most prominent rate of growth was recorded in 2013 when the average import price increased by 57%. As a result, import price reached the peak level of $32,040 per ton. From 2014 to 2022, the average import prices remained at a somewhat 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 Vietnam ($32,384 per ton), while the price for the United States ($5,940 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Japan (+105.0%), while the prices for the other major suppliers experienced more modest paces of growth.
Price for Crab and Crab Meat in Colombia (FOB) - 2022
In 2022, the average crab and crab meat export price amounted to $17,554 per ton, surging by 14% against the previous year. Over the period under review, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of +6.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, crab and crab meat export price increased by +22.8% against 2020 indices. The most prominent rate of growth was recorded in 2014 an increase of 71% against the previous year. The export price peaked at $19,768 per ton in 2016; however, from 2017 to 2022, the export prices failed to regain momentum.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was the Dominican Republic ($32,861 per ton), while the average price for exports to the United States stood at $16,785 per ton.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the Dominican Republic (+14.4%).
Imports of Crab and Crab Meat in Colombia
In 2022, imports of crabs and crab meat into Colombia skyrocketed to 25 tons, increasing by 321% compared with 2021. In general, imports continue to indicate a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.
In value terms, crab and crab meat imports surged to $221K in 2022. Overall, imports posted significant growth. The pace of growth appeared the most rapid in 2021 with an increase of 88% against the previous year. Over the period under review, imports attained the maximum in 2022 and are likely to continue growth in years to come.
Import of Crab and Crab Meat in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 1.8 | 30.5 | 22.8 | 132 | 318.6% |
Vietnam | 3.0 | 14.0 | 49.6 | 45.1 | 146.8% |
China | 20.3 | 26.9 | 34.5 | 31.4 | 15.6% |
Chile | 60.2 | 0.5 | 1.7 | 0.2 | -85.1% |
Others | 6.0 | 1.1 | 28.5 | 11.9 | 25.6% |
Total | 91.3 | 73.0 | 137 | 221 | 34.3% |
Top Suppliers of Crab and Crab Meat to Colombia in 2022:
- Chile (undefined tons)
- United States (22.2 tons)
- Vietnam (1.4 tons)
- China (1.2 tons)
Exports of Crab and Crab Meat in Colombia
In 2022, overseas shipments of crabs and crab meat decreased by -62.1% to 3.2 tons, falling for the second year in a row after two years of growth. In general, exports faced a sharp contraction. The most prominent rate of growth was recorded in 2020 when exports increased by 72% against the previous year. As a result, the exports attained the peak of 16 tons. From 2021 to 2022, the growth of the exports remained at a lower figure.
In value terms, crab and crab meat exports contracted significantly to $56K in 2022. Over the period under review, exports faced a sharp shrinkage. The pace of growth appeared the most rapid in 2020 when exports increased by 68% against the previous year. As a result, the exports attained the peak of $226K. From 2021 to 2022, the growth of the exports failed to regain momentum.
Export of Crab and Crab Meat in Colombia (Thousand USD) | |||||
---|---|---|---|---|---|
COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
United States | 131 | 201 | 119 | 50.3 | -27.3% |
Dominican Republic | 3.3 | 24.5 | 10.1 | 4.9 | 14.1% |
Others | N/A | N/A | N/A | 0.6 | 0% |
Total | 134 | 226 | 129 | 55.7 | -25.4% |
Top Export Markets for Crab and Crab Meat from Colombia in 2022:
- United States (3.0 tons)
- Dominican Republic (0.1 tons)
This report provides an in-depth analysis of the market for crab and crab meat in Colombia. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Colombia
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Colombia
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
-
2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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