Seafood Datasearch

Market Analysis and Forecasts

Providing expert insights into the seafood industry.

Snow Crab Market Analysis

Price Elasticity Evolution (2012-2024)

Analysis of how consumer price sensitivity for snow crab has evolved over three distinct market periods.

Snow Crab Price Elasticity Evolution (All Months)
Key Market Periods
  • Low Elasticity Period (2012-2015): Average elasticity -0.0454, stable prices and consistent buyer behavior
  • Moderate Elasticity Period (2016-2019): Average elasticity -0.0776, increasing prices and emerging price sensitivity
  • High Elasticity Period (2023-2024): Average elasticity -0.2452, post-pandemic caution and heightened price sensitivity

About This Data

This visualization presents the relationship between snow crab retail prices and price elasticity of demand over time. Elasticity values closer to zero indicate lower price sensitivity, while more negative values show increased price sensitivity. The chart reveals how market conditions have evolved from a period of low elasticity to the current high elasticity environment.

Data source: Compiled retail scanner data and market analysis (2012-2024)

Navigation