Denmark - Frozen Norway Lobsters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Norway Lobster Price in Denmark - 2023
Contents:
- Frozen Norway Lobster Price in Denmark (FOB) - 2023
- Frozen Norway Lobster Price in Denmark (CIF) - 2023
- Frozen Norway Lobster Exports in Denmark
- Frozen Norway Lobster Imports in Denmark
Frozen Norway Lobster Price in Denmark (FOB) - 2023
The average frozen norway lobster export price stood at $16,480 per ton in July 2023, which is down by -6.5% against the previous month. Overall, the export price, however, saw a relatively flat trend pattern. The pace of growth was the most pronounced in December 2022 when the average export price increased by 8.8% m-o-m. The export price peaked at $19,185 per ton in May 2023; however, from June 2023 to July 2023, the export prices failed to regain momentum.
Prices varied noticeably by the country of destination: the country with the highest price was Iceland ($21,158 per ton), while the average price for exports to the UK ($11,913 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (+2.9%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Norway Lobster Price in Denmark (CIF) - 2023
The average frozen norway lobster import price stood at $14,738 per ton in July 2023, declining by -30.9% against the previous month. In general, the import price, however, showed mild growth. The pace of growth was the most pronounced in May 2023 an increase of 90% month-to-month. The import price peaked at $21,314 per ton in June 2023, and then fell sharply in the following month.
There were significant differences in the average prices amongst the major supplying countries. In July 2023, the country with the highest price was Sweden ($28,658 per ton), while the price for Ireland ($9,756 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Sweden (+6.6%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Norway Lobster Exports in Denmark
In 2022, exports of frozen norway lobsters from Denmark was estimated at 3.6K tons, therefore, remained relatively stable against the previous year's figure. The total export volume increased at an average annual rate of +1.8% from 2019 to 2022; however, the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The pace of growth appeared the most rapid in 2021 with an increase of 42% against the previous year. The exports peaked in 2022 and are likely to continue growth in the immediate term.
In value terms, frozen norway lobster exports surged to $57M in 2022. Overall, total exports indicated a prominent increase from 2019 to 2022: its value increased at an average annual rate of +7.7% 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 +81.3% against 2020 indices. The pace of growth was the most pronounced in 2021 when exports increased by 54%. The exports peaked in 2022 and are likely to see steady growth in the near future.
| Export of Frozen Norway Lobster in Denmark (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 21.9 | 15.9 | 27.7 | 36.1 | 18.1% |
| Spain | 6.1 | 3.3 | 5.6 | 5.3 | -4.6% |
| Iceland | 3.4 | 2.2 | 3.0 | 3.7 | 2.9% |
| France | 6.8 | 5.9 | 3.8 | 3.2 | -22.2% |
| Greece | 1.9 | 1.1 | 2.0 | 2.7 | 12.4% |
| Croatia | 0.2 | 0.1 | 1.5 | 1.8 | 108.0% |
| Netherlands | 2.3 | 1.1 | 1.6 | 0.6 | -36.1% |
| Sweden | 0.4 | 0.2 | 0.4 | 0.6 | 14.5% |
| Others | 2.1 | 1.5 | 2.3 | 2.7 | 8.7% |
| Total | 45.3 | 31.2 | 48.0 | 56.6 | 7.7% |
Top Export Markets for Frozen Norway Lobster from Denmark in 2022:
- Italy (2336.8 tons)
- Spain (292.2 tons)
- Greece (198.3 tons)
- France (196.6 tons)
- Iceland (167.7 tons)
- Croatia (142.0 tons)
- Sweden (65.2 tons)
- Netherlands (45.4 tons)
Frozen Norway Lobster Imports in Denmark
Frozen norway lobster imports into Denmark soared to 342 tons in 2022, picking up by 21% against the previous year's figure. In general, total imports indicated a noticeable increase from 2019 to 2022: its volume increased at an average annual rate of +3.1% 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 decreased by -22.2% against 2020 indices. The pace of growth appeared the most rapid in 2020 when imports increased by 41%. As a result, imports attained the peak of 440 tons. From 2021 to 2022, the growth of imports failed to regain momentum.
In value terms, frozen norway lobster imports soared to $4.4M in 2022. The total import value increased at an average annual rate of +6.4% over the period from 2019 to 2022; however, the trend pattern remained consistent, with only minor fluctuations being observed in certain years.
| Import of Frozen Norway Lobster in Denmark (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 1,939 | 1,567 | 1,241 | 2,074 | 2.3% |
| Netherlands | 930 | 792 | 1,033 | 1,106 | 5.9% |
| Ireland | 10.9 | 1,430 | 442 | 514 | 261.3% |
| Italy | 59.1 | 47.5 | 39.4 | 379 | 85.8% |
| Faroe Islands | 69.0 | 27.6 | 80.1 | 185 | 38.9% |
| Albania | N/A | N/A | 87.9 | 78.3 | -10.9% |
| Sweden | 656 | 529 | 691 | 66.5 | -53.4% |
| Others | 29.1 | 102 | 30.6 | 45.3 | 15.9% |
| Total | 3,694 | 4,494 | 3,645 | 4,448 | 6.4% |
Top Suppliers of Frozen Norway Lobster to Denmark in 2022:
- United Kingdom (150.1 tons)
- Netherlands (90.5 tons)
- Italy (41.6 tons)
- Ireland (31.0 tons)
- Faroe Islands (14.5 tons)
- Albania (7.6 tons)
- Sweden (4.9 tons)
This report provides an in-depth analysis of the frozen norway lobster market in Denmark. 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:
- Denmark
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Denmark
- 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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