Greece: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in Greece

The Greek crab and crab meat market contracted slightly to $X in 2022, approximately equating the previous year. In general, consumption, however, saw a remarkable increase. Crab and crab meat consumption peaked at $X in 2017; however, from 2018 to 2022, consumption stood at a somewhat lower figure.

Production of Crabs and Crab Meat in Greece

In value terms, crab and crab meat production totaled $X in 2022 estimated in export price. Over the period under review, production, however, showed a significant increase. The most prominent rate of growth was recorded in 2016 when the production volume increased by X%. Crab and crab meat production peaked at $X in 2017; however, from 2018 to 2022, production remained at a lower figure.

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Exports of Crabs and Crab Meat

Exports from Greece

In 2022, overseas shipments of crabs and crab meat increased by X% to X tons, rising for the second year in a row after four years of decline. In general, exports showed a notable increase. The most prominent rate of growth was recorded in 2014 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, crab and crab meat exports expanded rapidly to $X in 2022. Over the period under review, exports enjoyed a strong expansion. The growth pace was the most rapid 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 2022, the exports stood at a somewhat lower figure.

Exports by Country

The United States (X tons) was the main destination for crab and crab meat exports from Greece, with a X% share of total exports. Moreover, crab and crab meat exports to the United States exceeded the volume sent to the second major destination, Spain (X tons), fourfold. Cyprus (X tons) ranked third in terms of total exports with an X% share.

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

In value terms, the United States ($X), Cyprus ($X) and the UK ($X) appeared to be the largest markets for crab and crab meat exported from Greece worldwide, together accounting for X% of total exports.

The United States, with a CAGR of X%, recorded the highest growth rate of the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average crab and crab meat export price amounted to $X per ton, increasing by X% against the previous year. Over the period under review, the export price enjoyed a prominent expansion. The growth pace was the most rapid in 2021 when the average export price increased by X%. The export price peaked in 2022 and is expected to retain growth in the near future.

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

Imports of Crabs and Crab Meat

Imports into Greece

In 2022, purchases abroad of crabs and crab meat increased by X% to X tons, rising for the second year in a row after two years of decline. In general, total imports indicated a measured 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, imports increased by X% against 2020 indices. The pace of growth was the most pronounced in 2021 when imports increased by X% against the previous year. Imports peaked at X tons in 2018; however, from 2019 to 2022, imports stood at a somewhat lower figure.

In value terms, crab and crab meat imports expanded slightly to $X in 2022. Overall, imports continue to indicate a remarkable increase. The most prominent rate of growth was recorded in 2021 when imports increased by X% against the previous year. Over the period under review, imports attained the maximum in 2022 and are expected to retain growth in years to come.

Imports by Country

Albania (X tons), Italy (X tons) and France (X tons) were the main suppliers of crab and crab meat imports to Greece, together comprising X% of total imports. Germany, Gambia, Spain, Senegal, Belgium, the Netherlands and Portugal lagged somewhat behind, together accounting for a further X%.

From 2012 to 2022, the biggest increases were recorded for Gambia (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, France ($X), Germany ($X) and Belgium ($X) constituted the largest crab and crab meat suppliers to Greece, together accounting for X% of total imports. Spain, the Netherlands, Albania, Gambia, Italy, Senegal and Portugal lagged somewhat behind, together comprising a further X%.

Gambia, with a CAGR of X%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the average crab and crab meat import price amounted to $X per ton, flattening at the previous year. In general, import price indicated resilient growth 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 import price increased by X% against 2020 indices. The growth pace was the most rapid in 2021 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton, leveling off in the following year.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Portugal ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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