Seafood Datasearch

Market Analysis and Forecasts

Providing expert insights into the seafood industry.

Snow Crab Seasonal Market Analysis

June Price Elasticity Evolution (2013-2024)

Analysis of how consumer price sensitivity for snow crab has evolved during the peak June season over three distinct market periods.

Snow Crab Price Elasticity Evolution (June Only)
Key Market Periods (June Analysis)
  • Low Elasticity Period (2013-2015): Average elasticity 0.5482, volatile with positive elasticity instances
  • Moderate Elasticity Period (2016-2019): Average elasticity -0.6739, increased price sensitivity and volatility
  • High Elasticity Period (2023-2024): Average elasticity -1.5492, extreme price sensitivity in peak season

About This Data

This visualization presents the relationship between snow crab retail prices and price elasticity of demand specifically for the month of June, which is a peak consumption period. Elasticity values closer to zero indicate lower price sensitivity, while more negative values show increased price sensitivity. Positive elasticity values indicate anomalous market conditions where volume increased despite price increases.

Data source: Compiled June retail scanner data and peak season market analysis (2013-2024)

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