Snow Crab Market Analysis
Policy and Economics Branch
DFO Moncton
Commercially Landed Crab Species
(Volume Landed in 2006 (× 1000 m.t.))
1
Excludes 481 (x 1000) mt of
freshwater aquaculture crabs
Crabs1 (1,636)
Brachyura (1,596)
Swimming Crab (950)
Anomura (40)
Rock Crab
(102)
Spider Crab
(177)
Snow/Queen Crab (96)
Tanner Crabs (74)
Other Spider Crabs (7)
Gazami (417)
Blue Swimming Crab (156)
Indo-Pacific Swamp Crab (146)
Blue Crab (71)
Other Swimmnig &nspf Swimming
Crabs (160)
Blue swimming
crab snow crab
Note: values may not add up due to rounding
Red Crab (10)
Black Stone Crab (2)
Hair Crab (0.05)
Marine Crab nei (355)
Dungeness Crab (44)
Edible Crab (46)
Atlantic Rock Crab (9)
Jonah Crab (3)
Pacific Rock Crab (0.5)
rock crab
Stone & King
(40)
Other Brachyura
Crabs (367)
black stone crab
Policy and Economics Branch, Gulf Region
DFO
Red King Crab (16)
Softshell Red Crab (3)
Blue King Crab (5)
Southern King Crab (5)
King Crabs (10)
Brown King Crab (0.3)
Golden King Crabs (2)
stone crab
king crab
Source: FAO, compilation DFO-PEB, Gulf Region
2
Landings (x 1000 mt)
World crab fishery: snow/tanner vs all (excluding freshwater crabs)
1,800
1,600
1,400
1,200
1,000
800
600
400
200
-
Chionoecetes (opilio & Tanner)
others
1990 1992 1994 1996 1998 2000 2002 2004 2006
Source FAO; compilation DFO- PEB Gulf Region
Policy and Economics Branch, Gulf Region
DFO
3
Snow and tanner crab: world landings
USA, 11%
Greenland, 4%
Japan, 4%
Russia, 12%
Korean Rep,
15%
Canada, 53%
Total 2006: 170 000 mt
Canada
Korean Rep
Russia
USA
Greenland
Japan
250
x 1000 mt
200
150
100
50
0
1990
1992
1994
1996
1998
2000
2002
2004
2006
Source FAO, compilation DFO-PEB, Gulf Region
Preliminary data for 2007
Policy and Economics Branch, Gulf Region
DFO
4
Snow crab fishery (with 2006 landings in mt, Source FAO)
Greenland (6,381)
Alaska1
(19,287)
Russia (20,404)
Canada
(89,423)
Korea
(27,952)
China
Japan (5,996)
1
Includes Tanner crab landings
ƒ
China is not fishing snow crab but is processing it
ƒ
Russia geographically advantaged on the Japanese market
ƒ
Greenland could eventually become an important player in the snow crab fishery
ƒ
For 2007/08 Alaska quota increased to 63,034,000lbs (28,591 mt); in 2006/07, the quota
was 36,566,000lbs (16,586 mt).
Policy and Economics Branch, Gulf Region
DFO
5
Approximate time line in snow crab industry
Jan
Feb
Mar
Apr
May
June
July
Aug
Sept
Oct
Nov
Dec
USA(1)
Russia W-Bering Sea
W-Bering Sea
Russia Primorye (northward from Golden
cape)
Primorye
Russia (W. Kamchatka and N. Okhotsk)
Japan
Greenland(2)
12/18/25/26, 12A-F,14, 15,
16, 16A, 17, Nfld
19, 20-22, 23, 24E
24W
24W
Note that all fisheries are quota regulated
(1) Official season Oct 15-May 15; fishermen’s agreement to start after January 1st
(2) In northern area, ice condition prevents fishing from December to April
Policy and Economics Branch, Gulf Region
DFO
6
Canadian snow crab landings and value
Maritimes
Qc
NL
Value
120,000
700
100,000
600
500
80,000
400
60,000
300
40,000
200
20,000
Value (in million CAD)
Landings (mt)
Gulf
100
0
1990
1992
1994
1996
1998
2000
2002
2004
2006
Source DFO, compilation PEB Gulf Region, partial data for 2007
Policy and Economics Branch, Gulf Region
DFO
7
2005 Gulf Region Snow Crab Production
Sections 73%
Frozen 94%
Meal 0.2%
Fresh 6%
Other 2%
Meat 3%
Cooked in shell 22%
Total value 2005: 136 M CAD
Source: DFO, compilation PEB, Gulf Region
Policy and Economics Branch, Gulf Region
DFO
8
Canadian crab exports
USA
Japan
China, Korea, Thail.
other
Value
45,000
40,000
Exports (mt)
35,000
30,000
25,000
250
200
150
100
50
0
20,000
15,000
10,000
5,000
NB
NS
PEI
NL
2005
2007p
2000
1995
2005
2007p
1990
2000
1995
2005
2007p
1990
2000
1995
2005
2007p
1990
2000
1995
2005
2007p
1990
2000
1995
1990
0
Qc
Source: Statistics Canada; compilation DFO-PEB, Gulf Region
Prior to 2001, specie specific exports are not available for crab and may include other crab species such as rock crab volume; starting in 2002,
exportations are for snow crab only.
Policy and Economics Branch, Gulf Region
DFO
9
Value (in million CAD)
500
450
400
350
300
Major competitors for US & Japan markets
(a) US imports
Meat
Canada
Russian Fed
Greenland
2007
2005
2002
1999
1996
2007
1993
2005
2002
1999
1996
2007
1993
2005
2002
1999
1996
2007
1993
2005
2002
1999
1996
50
45
40
35
30
25
20
15
10
5
0
1993
(x1000 mt)
Frozen
Others
Source NMFS, compilation DFO-PEB, Gulf Region
(a) Japan imports
Frozen
Live, Fresh or Chilled
60.00
(x 1000 mt)
50.00
40.00
30.00
20.00
10.00
Canada
USA
China-Korea-Thail-Greenl.
2007
2005
2002
1999
1996
2007
1993
2005
2002
1999
1996
2007
1993
2005
2002
1999
1996
2007
1993
2005
2002
1999
1996
1993
0.00
Russia
Source Japan Customs, compilation DFO-PEB, Gulf Region
Policy and Economics Branch, Gulf Region
DFO
10
2006 Canadian Frozen Snow Crab Market
CONSUMERS
Canada’s
frozen
snow crab
COMPETITORS
7%
80%
USA
8%
71 %
NL (29 %)
Others (42 %)
Russia’s frozen snow crab
Other frozen snow crab
Greenland (2.6 %),
China/Thailand/South
Korea/Japan (4.5 %)
Domestic
consumption
20.9 %
NL (16.9 %) China
others (4%) Thailand
51%
Russia’s and Korea’s
fresh snow crab
JAPAN
6.3%
NL (0.5%)
Others (5.7%)
29%
5%
12%
Russia’s frozen snow crab
USA’s frozen snow crab
% of Canadian EXPORT volume of Snow Crab
% of IMPORT volume of Snow Crab
Source: DFO, NMFS, JAPAN CUSTOMS, Compilation DFO-PEB, Gulf Region
Policy and Economics Branch, Gulf Region
DFO
11
Snow crab landed price versus world landings
Snow crab world landings
Canada landed price (NL excluded) CAD/lb
USA landed price USD/lb
Average minimum WS (jan-apr), CAD/lb 5-8oz
250
8
200
6
5
150
4
100
3
CAD/lb, USD/lb
Landings (x1000mt)
7
2
50
1
0
0
1990
1992
1994
1996
1998
2000
2002
2004
2006
Source: NMFS, FAO, DFO, Urner Barry, Bank of Canada; compilation DFO-PEB, Gulf Region
Note: 2007 preliminary landing data
Policy and Economics Branch, Gulf Region
DFO
12
Snow crab average landed price, Canada (NL excluded) vs USA
Canada landed price (NL excluded) CAD/lb
USA landed price CAD
4.00
3.50
CAD/lb
3.00
2.50
2.00
1.50
1.00
0.50
0.00
1990
1992
1994
1996
1998
2000
2002
2004
2006
Source: NMFS, DFO, Bank of Canada; compilation DFO-PEB, Gulf Region
Policy and Economics Branch, Gulf Region
DFO
13
Exchange Rates and impact on prices
Japan Import Prices of Canadian snow crab, all products
combined
US Import Prices in of Canadian snow crab, all
products combined
$CAN/kg
$CAN/kg
$US/kg
1,600.00
16.00
18.00
1,400.00
14.00
16.00
1,200.00
14.00
$/kg
10.00
8.00
12.00
1,000.00
10.00
800.00
8.00
600.00
6.00
6.00
4.00
4.00
2.00
2.00
-
400.00
200.00
-
1990
1992
1994
1996
1998
2000
2002
2004
2006
JPY/kg
$/kg
JPY/kg
18.00
12.00
1990 1992 1994 1996 1998 2000 2002 2004 2006
Source: Japan Customs, Bank of Canada; compilation DFO-PEB, Gulf Region
Source: NMFS, Bank of Canada; compilation DFO-PEB, Gulf Region
Japanese Yen converted in USA dollars
USA dollar converted in Canadian dollars
1.8
180
1.6
160
1.4
140
1.2
120
1
100
JYEN
$CAN
$US/kg
20.00
0.8
80
0.6
60
0.4
40
0.2
20
0
0
jan jan jan jan jan jan jan jan jan jan jan jan jan jan jan jan jan jan jan
90 91 92 93 94 95 96 97 98 99 00 01 02 03 04 05 06 07 08
Source: Bank of Canada, Federal Reserve; compilation DFO-PEB, Gulf Region
jan
90
jan
91
jan
92
jan
93
jan
94
jan
95
jan
96
jan
97
jan
98
jan
99
jan
00
jan
01
jan
02
jan
03
jan
04
jan
05
jan
06
jan
07
jan
08
Source: Federal Reserve; compilation DFO-PEB, Gulf Region
Policy and Economics Branch, Gulf Region
DFO
14