Chile: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in Chile

The Chilean crab and crab meat market amounted to $X in 2022, surging by X% against the previous year. Overall, the total consumption indicated a remarkable increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, consumption increased by X% against 2013 indices. Crab and crab meat consumption peaked in 2022 and is expected to retain growth in the immediate term.

Production of Crabs and Crab Meat in Chile

In value terms, crab and crab meat production shrank modestly to $X in 2022 estimated in export price. Overall, the total production indicated a prominent increase from 2012 to 2022: its value increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by X% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of X%. Crab and crab meat production peaked at $X in 2019; however, from 2020 to 2022, production remained at a lower figure.

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Exports of Crabs and Crab Meat

Exports from Chile

Crab and crab meat exports from Chile contracted significantly to X tons in 2022, waning by X% on 2021. Over the period under review, total exports indicated a mild increase from 2012 to 2022: its volume increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports decreased by X% against 2018 indices. The growth pace was the most rapid in 2017 with an increase of X%. The exports peaked at X tons in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, crab and crab meat exports stood at $X in 2022. Overall, exports, however, showed a strong expansion. The most prominent rate of growth was recorded in 2021 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

China (X tons) was the main destination for crab and crab meat exports from Chile, accounting for a X% share of total exports. Moreover, crab and crab meat exports to China exceeded the volume sent to the second major destination, the United States (X tons), threefold. Indonesia (X tons) ranked third in terms of total exports with a X% share.

From 2012 to 2022, the average annual growth rate of volume to China amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Indonesia (X% per year).

In value terms, China ($X) remains the key foreign market for crabs and crab meat exports from Chile, comprising X% of total exports. The second position in the ranking was taken by the United States ($X), with a X% share of total exports. It was followed by Australia, with a X% share.

From 2012 to 2022, the average annual growth rate of value to China totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United States (X% per year) and Australia (X% per year).

Export Prices by Country

In 2022, the average crab and crab meat export price amounted to $X per ton, jumping by X% against the previous year. Overall, export price indicated a strong increase from 2012 to 2022: its price increased at an average annual rate of X% 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 X% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. Over the period under review, the average export prices reached the peak figure in 2022 and is expected to retain growth in the immediate term.

There were significant differences in the average prices for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was Taiwan (Chinese) ($X per ton), while the average price for exports to Indonesia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Indonesia (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports into Chile

In 2022, the amount of crabs and crab meat imported into Chile reduced dramatically to X kg, shrinking by X% against the year before. Overall, imports saw a sharp decline. The most prominent rate of growth was recorded in 2021 with an increase of X%. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, crab and crab meat imports reduced sharply to $X in 2022. Over the period under review, imports showed a significant contraction. The growth pace was the most rapid in 2021 when imports increased by X%. Imports peaked at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, China (X kg) constituted the largest crab and crab meat supplier to Chile, accounting for a X% share of total imports. Moreover, crab and crab meat imports from China exceeded the figures recorded by the second-largest supplier, the United States (X kg), threefold. Spain (X kg) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from China totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

In value terms, China ($X) constituted the largest supplier of crabs and crab meat to Chile, comprising X% of total imports. The second position in the ranking was taken by the United States ($X), with a X% share of total imports. It was followed by Spain, with a X% share.

From 2012 to 2022, the average annual growth rate of value from China amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: the United States (X% per year) and Spain (X% per year).

Import Prices by Country

In 2022, the average crab and crab meat import price amounted to $X per ton, picking up by X% against the previous year. In general, the import price recorded a resilient expansion. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. The import price peaked in 2022 and is expected to retain growth in the near future.

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 China ($X per ton), while the price for Peru ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by South Korea (X%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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