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Trade Tracker: Snow crab imports increase
Export prices decrease
May 04, 2012
The trade trends for snow crab vary by season, with imports typically increasing in the summer months and exports rising in the winter months. In 2011, snow crab imports accounted for nearly 4 percent of all U.S. seafood imports. Conversely, exports of snow crab in 2011 accounted for almost 2 percent of all U.S. seafood exports.
Key U.S. snow crab importers this year include Harbor Seafood, based in New York, and Orca Bay Seafoods, based in Washington. The majority of snow crab imports enter the country by truck or rail from Canada, while a smaller amount arrives by vessel from Russia, Greenland and Japan. More recently, snow crab imports from Denmark have increased. The vessel -import prices fluctuate throughout the year, ranging between $5 and $8 per kilogram. More than 75 percent of snow crab imports enter through the port of Portland, Maine.
On the snow crab export side, 64 percent of the outgoing supply is destined for China, followed by 25 percent to Japan and 5 percent to Indonesia. January through March is the typical high volume period for snow crab exports, which depart from Anchorage, Alaska, the closest shipping port to domestic fishing grounds. So far this year the average price per kilogram of the vessel exports is $9.50, down from a price of $11 for last year.
Zepol Corp. of Minneapolis provides up-to-date U.S. trade data through several subscription tools: TradeIQ™ is a U.S. Customs import bill of lading database utilized to find information about competitors, suppliers, prospects, and the products that they use, market, or transport. TradeView™ provides U.S. Census data to visualize the U.S. import and export market. Compliance- Monitor™ is a comprehensive tool that proactively alerts users of essential U.S. import trade compliance information. For more information, visit www.zepol.com.
Find other SeaFood Business articles with snow crab here.