U.S. - Frozen Lobster - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Lobster Price in the United States - 2023
Contents:
- Frozen Lobster Price in the United States (CIF) - 2023
- Frozen Lobster Price in the United States (FOB) - 2023
- Frozen Lobster Imports in the United States
- Frozen Lobster Exports in the United States
Frozen Lobster Price in the United States (CIF) - 2023
The average frozen lobster import price stood at $38,657 per ton in August 2023, waning by -5.7% against the previous month. Over the period under review, the import price, however, continues to indicate a relatively flat trend pattern. The growth pace was the most rapid in May 2023 an increase of 19% m-o-m. Over the period under review, average import prices attained the peak figure at $40,998 per ton in July 2023, and then declined in the following month.
As there is only one major supplying country, the average price level is determined by prices for Canada.
From August 2022 to August 2023, the rate of growth in terms of prices for Canada amounted to +0.6% per month.
Frozen Lobster Price in the United States (FOB) - 2023
In August 2023, the average frozen lobster export price amounted to $29,833 per ton, with an increase of 31% against the previous month. In general, the export price, however, saw a slight decline. The pace of growth appeared the most rapid in June 2023 when the average export price increased by 70% m-o-m. As a result, the export price reached the peak level of $36,184 per ton. From July 2023 to August 2023, the the average export prices remained at a lower figure.
Prices varied noticeably by the country of destination: the country with the highest price was South Korea ($53,519 per ton), while the average price for exports to the United Arab Emirates ($17,504 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to South Korea (+4.0%), while the prices for the other major destinations experienced a decline.
Frozen Lobster Imports in the United States
In 2022, approx. 13K tons of frozen lobster were imported into the United States; falling by -35.3% compared with the previous year. In general, imports recorded a abrupt decline. The pace of growth was the most pronounced in 2021 with an increase of 52%. As a result, imports attained the peak of 20K tons, and then fell dramatically in the following year.
In value terms, frozen lobster imports dropped sharply to $500M in 2022. Overall, imports saw a abrupt descent. The most prominent rate of growth was recorded in 2021 when imports increased by 92% against the previous year. As a result, imports attained the peak of $864M, and then contracted notably in the following year.
| Import of Frozen Lobster in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 587 | 448 | 859 | 494 | -5.6% |
| Others | 3.4 | 1.2 | 4.9 | 5.7 | 18.8% |
| Total | 590 | 449 | 864 | 500 | -5.4% |
Top Suppliers of Frozen Lobster to the United States in 2022:
- Canada (13.0K tons)
Frozen Lobster Exports in the United States
In 2022, approx. 2K tons of frozen lobster were exported from the United States; increasing by 10% on 2021 figures. In general, total exports indicated a resilient expansion from 2019 to 2022: its volume increased at an average annual rate of +5.3% over the last three years. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +77.0% against 2020 indices. The growth pace was the most rapid in 2021 when exports increased by 61% against the previous year. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
In value terms, frozen lobster exports surged to $62M in 2022. Over the period under review, total exports indicated buoyant growth from 2019 to 2022: its value increased at an average annual rate of +7.5% over the last three-year period. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +105.8% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 63% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.
| Export of Frozen Lobster in the United States (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Canada | 18.1 | 14.1 | 24.9 | 28.2 | 15.9% |
| China | 0.1 | 0.7 | 5.3 | 6.7 | 306.2% |
| France | 0.8 | 1.1 | 2.9 | 2.9 | 53.6% |
| United Kingdom | 0.9 | 2.0 | 1.0 | 2.7 | 44.2% |
| Philippines | 0.2 | 0.1 | 0.2 | 2.5 | 132.1% |
| Hong Kong SAR | 2.5 | 1.2 | 2.8 | 2.5 | 0.0% |
| Singapore | 1.9 | 0.6 | 0.7 | 2.1 | 3.4% |
| Mexico | 0.8 | 0.6 | 0.1 | 1.6 | 26.0% |
| Aruba | 1.0 | 0.3 | 0.5 | 1.6 | 17.0% |
| Spain | 0.6 | 0.1 | 0.4 | 1.5 | 35.7% |
| Taiwan (Chinese) | 3.2 | 1.8 | 2.5 | 0.9 | -34.5% |
| Turkey | 0.2 | N/A | 0.2 | 0.7 | 51.8% |
| Japan | 0.4 | 1.3 | 0.4 | 0.7 | 20.5% |
| Others | 19.4 | 6.2 | 7.1 | 7.2 | -28.1% |
| Total | 49.9 | 30.1 | 49.0 | 62.0 | 7.5% |
Top Export Markets for Frozen Lobster from the United States in 2022:
- Canada (836.3 tons)
- China (214.7 tons)
- France (91.4 tons)
- Philippines (90.2 tons)
- Aruba (74.2 tons)
- Singapore (68.3 tons)
- Spain (65.6 tons)
- Hong Kong SAR (65.1 tons)
- United Kingdom (62.7 tons)
- Mexico (60.3 tons)
- Japan (45.5 tons)
- Turkey (37.0 tons)
- Taiwan (Chinese) (22.1 tons)
This report provides an in-depth analysis of the frozen lobster market in the U.S.. 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 States
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the U.S.
- 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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