So you’ve just finished a wonderful meal at your favorite seafood restaurant, and you want to order a glass of King Crab as an after-dinner drink. But wait, why is the price for that tiny little glass so expensive? How can one little glass of liquid cost more than $10? And does it really taste that good? So what exactly is keeping this common crab from being more accessible and affordable? The answer is complex but essentially boils down to a few key factors: supply, regulation, and demand. Understanding these three components will help you understand why King Crab is so expensive.
Why King Crab Is So Expensive
King Crab is a luxurious seafood item because it is considered a delicacy. It’s big, meaty, and has a sweet, delicate flavor. King Crab is also very expensive because it can only be caught in cold waters, which makes it difficult and costly to harvest.
Supply Of King Crab
- The King Crab is a highly migratory species.
- The species is also considered an invasive species in the US and Canada.
- These factors make it difficult to ship the species, which is why only a few places across the country have it on their menus.
- There are many more places in the world that have King Crabs available to eat, but most of them are not well-traveled areas and do not regularly export seafood products to the US and Canada due to regulations regarding invasive species.
Regulation of King Crab
The first factor that affects the price of King Crab is the amount of King Crab available. The most important factors to consider are the local fishery and the size of the crab.
2. Size of Crab
The size of a crab is determined by its age. A young crab will be smaller than an older one and therefore tend to have higher prices because they are more desirable. For example, a young blue king crab can sell for as much as $100 per pound in China; however, an adult blue king crab can sell for up to $4,000 per pound in Japan! This is because the demand for blue crabs has increased significantly in recent years due to their popularity as a delicacy in Japan and China. The price per pound is much higher because there is not enough supply to meet demand: in other words, there are not enough blue crabs available to meet demand (at this time). This increase in demand has caused the price per pound to increase.
Another factor that affects the price of King Crab is the amount of baitfish available with the crab. The higher the concentration of baitfish, the higher the price for each king crab caught. In order for a fishery to be sustainable, a certain amount of baitfish is needed to be caught with each king crab. If there are too many baitfish, then there will not be enough crabs to make a profit; therefore, prices will drop and fewer fishers will fish for King Crab in this area. If there are too few baitfish available, then demand will decrease and prices may increase again as fewer king crabs are caught in this area.
4. The size of the fishery
The size of the fishery also affects the price of King Crab. A larger fishery will have more king crabs and therefore will be able to afford to sell at a higher price per pound than a smaller fishery. In other words, the larger a crab is, the more expensive it is to catch and sell because there are more crabs in each fishery. For example, there are many small-scale fisheries in the Bering Sea area that catch red king crabs and sell them for $2 per pound; however, there is only one commercial fishing boat that catches blue king crabs and sells them for $3 per pound in Alaska. This is because there are so few blue king crabs available in any given area that they can be sold at almost any price.
5. Age of Crab
The price per pound for a young blue king crab can be as much as $200-300 per pound in China; however, an adult blue king crab can sell for up to $3,000 per pound in Japan! This is because the demand for blue crabs has increased significantly in recent years due to their popularity as a delicacy in Japan and China. If the demand continues to increase, then this price will continue to rise and the supply will not be able to keep up with demand. This increase in demand has caused the price per pound to increase.
Demand For King Crab
When it comes to King Crab, the supply is very limited. Since crab is found in the ocean and not on land, it’s not easy for people to catch them. The process to catch them is very complicated and can take days or even weeks. When you consider that there are only 100 million crabs in the entire world, it makes sense why they’re so expensive.
Regulation has a major say in why King Crab is so expensive since there are very strict laws that allow only a certain amount of crab to be caught each year. These regulations were put in place by the government to ensure that there are enough crabs for everyone while also ensuring that they don’t overfish their stocks and destroy them completely.
The demand for King Crab is not as high as for other types of seafood, like shrimp or salmon for example. The main reason for this may be that most people aren’t familiar with King Crab or how to cook it. A lot of people don’t know that it tastes so good, or that the meat is very soft and tender.
King Crab is one of the most popular types of crab in the world. However, because it is so abundant and desirable, it is also some of the most expensive crabs on the market. The high cost of King Crab comes from a few key factors: its abundance, regulation, and high demand. So if you’re ever craving a nice glass of King Crab, remember that it is not cheap.