Market Size of China Crustaceans Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
Forecast Data Period | 2024 - 2029 |
Historical Data Period | 2019 - 2022 |
CAGR | 4.80 % |
Major Players*Disclaimer: Major Players sorted in no particular order |
China Crustaceans Market Analysis
The Chinese crustacean production was peaked at 7.3 million metric tons in 2019, with shrimps & prawns garnering the largest share accounting for nearly 48% of the overall crustacean production in the country during the same period. Despite being a major producer of crustaceans, the country also strengthened its import share during 2019-20, while surpassing the United States. For instance, during 2019-20, the country imported 842,325 metric tons of crustaceans, majorly from Ecuador, India, Canada, Thailand, and Vietnam. The overhaul in the imports particularly during 2019-20, was possibly due to the influence of heavy rainfall in Southern China. Thus, the rising imports can further be translated directly into the increasing consumption demand in various parts of the country.
China Crustaceans Industry Segmentation
Crustaceans (Crustacea) form a large, diverse arthropod taxon that includes such animals as crabs, lobsters, crayfish, shrimps, prawns, krill, woodlice, and barnacles (Food and Agricultural Organization). For the purpose of the study, crustaceans are limited to shrimps, prawns, crabs, krill, lobsters, and sea spiders among others have been considered to evaluate the market trends in the Chinese market.
Type | |
Cultured | |
Wild Catch |
Species Type | |
Shrimps & Prawns | |
Freshwater Crustaceans | |
Marine Crustaceans | |
Krills & Crabs | |
Other Crustaceans |
Country Analysis | |
Production Analysis | |
Consumption Analysis and Market Value | |
Import Market Analysis(Volume and Value) | |
Export Market Analysis(Volume and Value) | |
Price Trend Analysis |
China Crustaceans Market Size Summary
The China crustaceans market is a significant segment of the global seafood industry, characterized by its substantial production and consumption levels. The country has established itself as a leading producer, with shrimps and prawns dominating the production landscape. Despite its robust production capabilities, China has also increased its import activities, surpassing the United States in crustacean imports. This shift towards greater imports is attributed to factors such as climatic conditions affecting domestic production, which has led to a growing reliance on imported crustaceans to meet the rising consumption demand. China's position as a major consumer is underscored by its consumption of a significant portion of the world's seafood, far exceeding that of North America, and this trend is further bolstered by the increasing import volumes.
In terms of trade dynamics, China's crustacean exports have experienced fluctuations, with notable peaks and declines over the years. The export market has seen significant demand from countries like Korea and Japan, which have emerged as key destinations for Chinese crustacean exports. The increasing import shares of these countries indicate a potential growth opportunity for China's crustacean exports in the future. This evolving trade landscape highlights the dual role of China as both a major producer and a significant player in the global import-export market for crustaceans, reflecting the country's strategic adaptation to changing market conditions and consumer preferences.
China Crustaceans Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Regional Analysis
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1.4.1 PESTLE Analysis
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1.4.2 Supply Chain Analysis
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Cultured
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2.1.2 Wild Catch
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2.2 Species Type
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2.2.1 Shrimps & Prawns
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2.2.2 Freshwater Crustaceans
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2.2.3 Marine Crustaceans
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2.2.4 Krills & Crabs
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2.2.5 Other Crustaceans
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2.3 Country Analysis
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2.3.1 Production Analysis
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2.3.2 Consumption Analysis and Market Value
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2.3.3 Import Market Analysis(Volume and Value)
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2.3.4 Export Market Analysis(Volume and Value)
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2.3.5 Price Trend Analysis
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China Crustaceans Market Size FAQs
What is the current China Crustaceans Market size?
The China Crustaceans Market is projected to register a CAGR of 4.80% during the forecast period (2024-2029)
What years does this China Crustaceans Market cover?
The report covers the China Crustaceans Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the China Crustaceans Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.