United Kingdom - Frozen Lobster - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Lobster Price in the UK - 2023
Contents:
- Frozen Lobster Price in the UK (CIF) - 2022
- Frozen Lobster Price in the UK (FOB) - 2022
- Frozen Lobster Imports in the UK
- Frozen Lobster Exports in the UK
Frozen Lobster Price in the UK (CIF) - 2022
The average frozen lobster import price stood at $39,723 per ton in 2022, with an increase of 31% against the previous year. In general, import price indicated buoyant growth from 2012 to 2022: its price increased at an average annual rate of +5.0% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen lobster import price increased by +94.5% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 48%. The import price peaked in 2022 and is expected to retain growth in the near future.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($57,059 per ton), while the price for Germany ($23,837 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+9.9%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Lobster Price in the UK (FOB) - 2022
In 2022, the average frozen lobster export price amounted to $23,600 per ton, increasing by 29% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.
There were significant differences in the average prices for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Ireland ($28,091 per ton), while the average price for exports to Hong Kong SAR ($11,137 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 Singapore (+8.5%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Lobster Imports in the UK
In 2022, approx. 566 tons of frozen lobster were imported into the UK; declining by -12% compared with 2021 figures. The total import volume increased at an average annual rate of +6.3% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded in certain years. The growth pace was the most rapid in 2021 when imports increased by 43% against the previous year. As a result, imports reached the peak of 643 tons, and then fell in the following year.
In value terms, frozen lobster imports surged to $22M in 2022. Over the period under review, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2021 when imports increased by 112% against the previous year. Over the period under review, imports reached the maximum in 2022 and are likely to continue growth in years to come.
| Import of Frozen Lobster in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 5.3 | 5.5 | 16.4 | 21.3 | 59.0% |
| France | 3.7 | 0.6 | 0.4 | 0.7 | -42.6% |
| United States | 1.6 | 1.8 | 1.1 | 0.4 | -37.0% |
| Germany | 1.1 | 0.4 | 0.3 | N/A | -47.8% |
| Others | 0.6 | 0.8 | 1.3 | 0.1 | -45.0% |
| Total | 12.2 | 9.2 | 19.4 | 22.5 | 22.6% |
Top Suppliers of Frozen Lobster to the UK in 2022:
- Canada (542.1 tons)
- France (13.0 tons)
- United States (7.4 tons)
- Germany (1.4 tons)
Frozen Lobster Exports in the UK
Frozen lobster exports from the UK declined markedly to 49 tons in 2022, shrinking by -61.2% compared with 2021 figures. In general, exports continue to indicate a dramatic decline. The pace of growth was the most pronounced in 2021 with an increase of 48% against the previous year.
In value terms, frozen lobster exports dropped markedly to $1.1M in 2022. Overall, exports continue to indicate a precipitous setback. The most prominent rate of growth was recorded in 2021 with an increase of 61%.
| Export of Frozen Lobster in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 720 | 801 | 604 | 732 | 0.6% |
| China | 131 | 79.1 | 913 | 188 | 12.8% |
| Spain | 1,320 | 240 | 148 | 95.1 | -58.4% |
| Ireland | 95.5 | 172 | 55.9 | 45.1 | -22.1% |
| Hong Kong SAR | 38.4 | 94.1 | 48.1 | 25.6 | -12.6% |
| Portugal | 1.0 | N/A | 21.3 | 17.1 | 157.6% |
| Others | 460 | 31.6 | 499 | 43.4 | -54.5% |
| Total | 2,765 | 1,418 | 2,288 | 1,146 | -25.4% |
Top Export Markets for Frozen Lobster from the UK in 2022:
- France (30.7 tons)
- China (6.8 tons)
- Spain (4.4 tons)
- Hong Kong SAR (2.3 tons)
- Ireland (1.6 tons)
- Portugal (0.9 tons)
This report provides an in-depth analysis of the frozen lobster market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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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