Russian Federation: Market for Crabs and Crab Meat 2024

Market Size for Crabs and Crab Meat in the Russian Federation

In 2022, the Russian crab and crab meat market decreased by X% to $X, falling for the second year in a row after two years of growth. Overall, consumption, however, showed a strong expansion. Crab and crab meat consumption peaked at $X in 2020; however, from 2021 to 2022, consumption remained at a lower figure.

Production of Crabs and Crab Meat in the Russian Federation

In value terms, crab and crab meat production amounted to $X in 2022 estimated in export price. In general, production showed a buoyant increase. The most prominent rate of growth was recorded in 2014 with an increase of X% against the previous year. Crab and crab meat production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

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Exports of Crabs and Crab Meat

Exports from the Russian Federation

In 2022, approx. X tons of crabs and crab meat were exported from Russia; surging by X% on the year before. In general, total exports indicated pronounced growth 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 increased by X% against 2015 indices. The growth pace was the most rapid in 2016 when exports increased by X% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the immediate term.

In value terms, crab and crab meat exports reduced to $X in 2022. Overall, exports continue to indicate a buoyant expansion. The pace of growth appeared the most rapid in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the peak figure at $X in 2021, and then shrank slightly in the following year.

Exports by Country

China (X tons), the United States (X tons) and South Korea (X tons) were the main destinations of crab and crab meat exports from Russia, together accounting for X% of total exports. Japan and Vietnam lagged somewhat behind, together comprising a further X%.

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

In value terms, the United States ($X), China ($X) and South Korea ($X) were the largest markets for crab and crab meat exported from Russia worldwide, together comprising X% of total exports.

China, with a CAGR of X%, recorded the highest growth rate of the value of exports, among 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

The average crab and crab meat export price stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price, however, recorded buoyant growth. The most prominent rate of growth was recorded in 2021 when the average export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then declined dramatically in the following year.

There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam ($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 China (X%), while the prices for the other major destinations experienced more modest paces of growth.

Imports of Crabs and Crab Meat

Imports into the Russian Federation

Crab and crab meat imports into Russia shrank sharply to X tons in 2022, waning by X% against the previous year. Over the period under review, imports saw a precipitous contraction. The pace of growth appeared the most rapid in 2019 when imports increased by X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports failed to regain momentum.

In value terms, crab and crab meat imports contracted markedly to $X in 2022. In general, imports saw a sharp contraction. The most prominent rate of growth was recorded in 2017 when imports increased by X% against the previous year. Imports peaked at $X in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, Egypt (X tons) constituted the largest crab and crab meat supplier to Russia, accounting for a X% share of total imports. Moreover, crab and crab meat imports from Egypt exceeded the figures recorded by the second-largest supplier, Kenya (X kg), twofold. The third position in this ranking was taken by Indonesia (X kg), with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Egypt was relatively modest. The remaining supplying countries recorded the following average annual rates of imports growth: Kenya (X% per year) and Indonesia (X% per year).

In value terms, the largest crab and crab meat suppliers to Russia were Indonesia ($X), Egypt ($X) and Japan ($X), together accounting for X% of total imports. Singapore, Thailand, Kenya and Turkey lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Kenya, with a CAGR of X%, recorded the highest growth rate of the value of imports, 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, surging by X% against the previous year. In general, the import price saw a mild expansion. As a result, import price reached the peak level and is likely to continue growth in the immediate term.

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 Indonesia ($X per ton), while the price for Kenya ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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