GITNUX MARKETDATA REPORT 2024

Statistics About The Most Expensive Crab

The most expensive crab species is the Japanese Hokkaido king crab, with an average price of around $300 per pound.

In this post, we explore the fascinating world of high-priced crabs, where auctions fetch jaw-dropping figures for these coveted crustaceans. From record-breaking sales in Japan to the rising costs of Alaskan king crabs in the U.S., we delve into the statistics behind these luxurious seafood delicacies. Join us as we uncover the factors driving the soaring prices of some of the most expensive crabs in the world.

Statistic 1

"The most expensive crab ever sold was a snow crab in Japan for $46,000 in 2019,"

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Statistic 2

"This record-breaking sale occurred during the first auction of the season in the Tottori Prefecture,"

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Statistic 3

"The high price is often due to scarcity, as snow crabs are only harvested during winter months,"

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Statistic 4

"In 2020, the most expensive crab was a king crab from Russia sold for $20,000,"

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Statistic 5

"It was a male, 100% pure golden king crab that weighed 2.6 kg,"

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Statistic 6

"The golden king crab was auctioned off in Shenjiamen, China’s largest seafood market,"

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Statistic 7

"The Alaskan king crab is one of the most expensive crabs to buy in the U.S., averaging at around $60 per pound in 2021,"

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Statistic 8

"The price per pound of Alaskan king crab has more than doubled in the last decade,"

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Statistic 9

"In 2010, the average price of a pound of king crab legs was around $25.50,"

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Statistic 10

"Due to increasing demand and reductions in supply, the price of king crabs has seen steady increases,"

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Statistic 11

"The single heaviest Masuda crab weighed around 3.12 kg (6.9 pounds) and was sold for $4,100 in 2018,"

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Statistic 12

"The seasonal first auction in Japan always fetches high prices due to the competition and prestige attached to it,"

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Statistic 13

"On average, the price of crabs can range from $30 to a staggering $50,000 in auctions,"

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Statistic 14

"Generally, the legs of snow crabs were sold at up to $45 per pound in 2020,"

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Statistic 15

"The Dungeness crab, another expensive type, sells for around $20 per pound in the United States,"

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Statistic 16

"One of the reasons crab is so expensive is because it is also one of the most dangerous food sources to retrieve, with fishery being one of the most hazardous industries globally,"

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Statistic 17

"The impact of crabbing extends beyond the high market prices; it's estimated that in Alaska alone, crab fishing contributes about $100 million to the state's economy,"

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The statistics presented highlight the extraordinary values attached to certain crab species in the global seafood market, with record-breaking sales reflecting both scarcity and prestige, particularly during special auctions. The increasing prices of king crabs over the years indicate a growing demand for these delicacies, despite the hazardous nature of crab fishing. High market prices for various crab types not only reflect their rarity and dangers associated with harvesting but also their economic significance in contributing substantial sums to local economies, as seen in Alaska’s case. The varying price ranges for different crab species underscore the diversity and exclusivity of this sought-after seafood, captivating both seafood enthusiasts and industry players alike.

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