Taiwan’s crab trading volume and market trends

Published 2024년 9월 2일

Tridge summary

The article highlights the growing popularity of crab in Taiwan, with a significant increase in crab imports, particularly soy sauce crab, reaching a 30% rise year-on-year in 2023. Indonesia remains the top supplier of crab to Taiwan, followed by France and the United States. The growth is attributed to the rise in single-person households and the preference for convenient, small packaged food. The processed seafood market in Taiwan is projected to see steady growth, reaching KRW 2.1 trillion in 2028. The article also notes the importance of registering business information and understanding import regulations for companies looking to export crabs to Taiwan.

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

Original content

‘Rice thief’ soy sauce crab popular… import volume continues to increase 2023 import amount ↑30% year-on-year Growed 13.1% annually on average over the past 5 years Indonesia ranked 1st, France 2nd Crab is becoming more popular in Taiwan Eating crab shells with intestines and rice is popular Soy sauce crab imported from Korea is always sold out Local sales products are characterized by convenience food and small packages Due to the increase in single-person households, crab packaging products are also mostly small and heavy products with high convenience According to Statista, a global market research firm, the size of Taiwan’s processed seafood market in 2023 is estimated to be KRW 1.7 trillion, up 7.9% year-on-year. It has grown by an average of 7.2% annually over the past 5 years (2019-2023), and has recorded a particularly high growth rate of 9.1% between 2020 and 2021. The Taiwanese seafood processing food market is expected to grow at an average annual rate of 4% over the ...

Source: Fisheco