FAO: China will be the main consumer market for all kinds of crabs

Published 2024년 6월 18일

Tridge summary

In the Chinese market, Russian crabs are the main competitors to those from the United States and Canada, holding 27%-28% of the market share. In the first quarter, Russia supplied 8,400 tons of crabs to China, marking a 12.8% year-on-year increase, valued at $309.5 million. China, the world's largest crab consumer, purchased 30,200 tons in the same period, a 16.5% increase year-on-year, valued at $558.7 million. The recovery of China's catering and tourism industries has boosted live crab consumption, and demand for frozen ready-to-eat seafood is also rising. The FAO predicts China will remain the main consumer market for all types of crabs. In 2023, Russia caught 92,500 tons of crabs, with over 40,000 tons worth more than $1 billion shipped to China.

Disclaimer:The above summary was generated by Tridge's proprietary AI model for informational purposes.

Original content

In the Chinese market, the United States and Canada are the main competitors of Russian crabs. Russian crabs account for 27%-28% of the Chinese market, the United States accounts for 10.21%, and Canada accounts for 11.2%. In the first quarter, Russian crabs supplied 8,400 tons to China, an increase of 12.8% year-on-year, with a value of US$309.5 million, a year-on-year increase of 17.34%. China is the world's largest consumer of crabs, with a purchase volume of 30,200 tons in the first quarter, an increase of 16.5% year-on-year, with a value of US$558.7 million, a year-on-year increase of 30.9%. The full recovery of China's catering and tourism industries has provided a stable environment for live crab consumption. At the same time, the demand for frozen ready-to-eat seafood in the Chinese domestic market is growing. Consumers According to the report, frozen crabs taste no worse than live crabs, but are much cheaper. In addition, frozen crabs can be eaten at home, which is more ...

Source: Foodmate