What is the price of crab per kilogram/pound in US today?
The retail price range for US crab is between US$ 16.44 and US$ 67.68 per kilogram or between US$ 7.45 and US$ 30.69 per pound(lb). Click here to see today's exact prices of crab in US
The retail price range in Euro for crab is between EUR 15.08 and EUR 62.09 per kilogram or between EUR 6.84 and EUR 28.16 per pound(lb) in Washington and New York.
In 2023, the approximate wholesale price range for US crab is between US$ 11.50 and US$ 47.37 per kilogram or between US$ 5.22 and US$ 21.48 per pound(lb).
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US Crab Export Prices - Historical, Trends and Prediction
The export price per kilogram of Crab from the US over the last five years has seen a steady increase. In 2011, the price was 9.59 US dollars per kg, and by 2020, it had risen to 12.07 US dollars per kg. This represents an increase of 25.7% over the period. The highest price was in 2020, at 12.07 US dollars per kg, while the lowest was in 2012, at 8.62 US dollars per kg. Based on this trend, it is predicted that the export price per kilogram of Crab from the US in 2023 will be 10.33 US dollars per kg, and in 2024 will be 11.00 US dollars per kg.
US Crab Import Prices - Historical, Trends and Prediction
The import price per kilogram of Crab into the US over the last five years has seen a steady increase. In 2012, the price was 8.62 US dollars per kg, and by 2020, it had risen to 12.07 US dollars per kg. This represents an increase of 3.45 US dollars per kg, or 40.1% over the eight-year period. The highest price was seen in 2020, with a slight decrease in 2021 to 9.79 US dollars per kg. However, the price has since recovered to 10.33 US dollars per kg in 2022.
Based on this trend, it is likely that the import price per kilogram of Crab into the US will continue to increase in the coming years. We can predict that the import price per kilogram of Crab into the US in 2023 will be around 11.00 US dollars per kg, and in 2024, it will be around 11.50 US dollars per kg.
Export values for US crab
The total values in export for crab in US were US$ 21,723, US$ 11,527, US$ 15,788 and US$ 16,697 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Price changes drive demand for crab in US
The prices of crabs have sustained a downward trend through 2023. By mid of the year, the prices of US crabs had fallen by about 19% . As expected, this led to an increase in demand that has been stable for some time now. According to a report by Circana, which scanned nationwide retail data on crabs’ sales, US crabs were costing just 8 dollars a pound on average by June, 2023.
Which type of crab can you buy, and what are the prices to expect?
Across the US crab market, you will find 5 major types of crabs. Each carries a different price and this is important to understand when shopping for crabs.
These are the different crabs and the corresponding average prices:
1. Dungeness Crab
Current retail price of fresh, whole dungeness crab in US: $ 12 per pound
The most abundant in the United States. It's oval in shape and the color varies frm yellow to purple. Their claws have hooks, and this is the standout feature that distinguishes them from other types of crab.
In some years, the harvest for dungeness crab in the US easily surpasses 50 million pounds!
2. Snow Crab
Current retail price of snow crab clusters in US: $29 per pound
Medium-sized with smooth, rounded shells that are typically a light red or orange color. They have long, thin legs and four pairs of walking legs, as well as two claws. Their most distinguishing feature is a white patch on their abdomen, which is why they are called snow crab.
In the US, snow crab are manly found in Alaska.
3. Blue Crab
Current retail price of fresh blue crab in the US: $12.5 per pound
Just as the name suggests, these crab are known for their bright blue claws and olive green or brownish shell. The shell can reach up to 9 inches in width.
They have four pairs of walking legs and a pair of paddle-like swimming legs. Males and females are easily distinguished by their abdomens, known as the "apron." The male's apron is long and slender, resembling the Washington Monument. The mature female's apron, on the other hand, is broad and rounded, similar to the dome of the US Capitol.
4. King Crab
Current retail price of whole king crab in the US: $75.5 per pound
The largest of them al, they have a spiky, reddish-brown shell that can grow up to 11 inches wide and a leg span of nearly 6 feet.
They have three pairs of walking legs and one pair of massive claws. The right claw is typically larger than the left.
5. Stone Crab
Current price of stone crab claws in the US: $35-$78 per pound
*Stone crab claws are normally sold in four sizes: medium, large, jumbo, and colossal. Medium size is the cheapest whereas colossal is the most expensive.
Stone crab have a spiky, reddish-brown shell that is adorned with gray spots and a tan underside. They stand out for their two claws, one noticeably larger than the other. The larger claw, often tipped in black, boasts exceptional strength. Stone crab are abundant in Florida.
Important to note that stone crab are mainly harvested for their claws. Once the claws are harvested, the crab are returned back to the waters.
If you are eager to try the most expensive, then you may want to go for either the Giant Spider Crab which can easily go for more than $12,000. You can also grab frozen Alaskan Red king crab, which is among the biggest crab in US waters weighing 28 pounds. It costs 180 dollars apiece while a leg pound goes for 34 dollars and above.
Because catching and processing crab takes chunks of time, crab meat will always be rather costly! So, grab the opportunity now when demand and pricing are enjoying stability.