Norway - Frozen Lobster - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Lobster Price in Norway - 2023
Contents:
- Frozen Lobster Price in Norway (CIF) - 2023
- Frozen Lobster Price in Norway (FOB) - 2022
- Frozen Lobster Imports in Norway
- Frozen Lobster Exports in Norway
Frozen Lobster Price in Norway (CIF) - 2023
In August 2023, the average frozen lobster import price amounted to $21,096 per ton, shrinking by -46.8% against the previous month. In general, the import price, however, saw a resilient expansion. The pace of growth was the most pronounced in February 2023 an increase of 774% m-o-m. The import price peaked at $45,451 per ton in November 2022; however, from December 2022 to August 2023, import prices failed to regain momentum.
Prices varied noticeably by the country of origin: the country with the highest price was Canada ($22,237 per ton), while the price for the United States totaled $11,596 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by Canada (+6.8%).
Frozen Lobster Price in Norway (FOB) - 2022
The average frozen lobster export price stood at $41,295 per ton in 2022, with a decrease of -7% against the previous year. Overall, the export price, however, recorded strong growth. The pace of growth appeared the most rapid in 2016 when the average export price increased by 40%. The export price peaked at $51,659 per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.
Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Denmark ($56,460 per ton), while the average price for exports to Sweden ($35,427 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Finland (+11.5%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Lobster Imports in Norway
In 2022, frozen lobster imports into Norway skyrocketed to 256 tons, increasing by 50% against the previous year. Over the period under review, total imports indicated a resilient increase from 2019 to 2022: its volume increased at an average annual rate of +18.9% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +68.1% against 2019 indices. As a result, imports attained the peak and are likely to continue growth in the immediate term.
In value terms, frozen lobster imports skyrocketed to $2.9M in 2022. Overall, imports enjoyed a significant increase. As a result, imports reached the peak and are likely to continue growth in the immediate term.
| Import of Frozen Lobster in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 1,246 | 1,216 | 1,428 | 2,517 | 26.4% |
| Denmark | 7.6 | 5.9 | 28.6 | 178 | 186.1% |
| Netherlands | N/A | 0.1 | N/A | 51.7 | 2173.8% |
| United Kingdom | 284 | 436 | N/A | N/A | 53.5% |
| Others | 68.7 | 9.7 | 114 | 128 | 23.1% |
| Total | 1,607 | 1,668 | 1,571 | 2,875 | 21.4% |
Top Suppliers of Frozen Lobster to Norway in 2022:
- Canada (231.6 tons)
- Denmark (17.1 tons)
- Netherlands (4.5 tons)
Frozen Lobster Exports in Norway
Frozen lobster exports from Norway surged to 2 tons in 2022, rising by 59% against 2021. Over the period under review, exports, however, showed a deep setback. The pace of growth was the most pronounced in 2021 when exports increased by 96% against the previous year.
In value terms, frozen lobster exports skyrocketed to $82K in 2022. Overall, exports, however, saw a perceptible reduction. The pace of growth was the most pronounced in 2021 when exports increased by 108%.
| Export of Frozen Lobster in Norway (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | N/A | N/A | N/A | 45.4 | 0% |
| Sweden | 47.2 | 26.1 | 54.6 | 18.1 | -27.3% |
| Denmark | 31.8 | N/A | N/A | 9.8 | -32.5% |
| Switzerland | N/A | N/A | 1.1 | 9.0 | 718.2% |
| Finland | 14.1 | N/A | N/A | N/A | 0% |
| Others | 0.8 | 0.7 | N/A | 0.1 | -50.0% |
| Total | 93.9 | 26.8 | 55.7 | 82.4 | -4.3% |
Top Export Markets for Frozen Lobster from Norway in 2022:
- France (1062.0 kg)
- Sweden (511.0 kg)
- Switzerland (244.0 kg)
- Denmark (174.0 kg)
This report provides an in-depth analysis of the frozen lobster market in Norway. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
Country coverage:
- Norway
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Norway
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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