U.S. - Frozen Norway Lobsters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Norway Lobster Price in the United States - 2023
Contents:
- Frozen Norway Lobster Price in the United States (CIF) - 2022
- Frozen Norway Lobster Price in the United States (FOB) - 2022
- Frozen Norway Lobster Imports in the United States
- Frozen Norway Lobster Exports in the United States
Frozen Norway Lobster Price in the United States (CIF) - 2022
In 2022, the average frozen norway lobster import price amounted to $22,767 per ton, picking up by 26% against the previous year. In general, the import price, however, showed a pronounced reduction. The pace of growth appeared the most rapid in 2016 when the average import price increased by 36% against the previous year. Over the period under review, average import prices reached the maximum at $33,282 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
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 New Zealand ($42,797 per ton), while the price for Ecuador ($7,869 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Peru (+12.5%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Norway Lobster Price in the United States (FOB) - 2022
In 2022, the average frozen norway lobster export price amounted to $17,979 per ton, declining by -44.4% against the previous year. Over the period under review, the export price, however, continues to indicate a mild expansion. The growth pace was the most rapid in 2015 when the average export price increased by 101% against the previous year. Over the period under review, the average export prices hit record highs at $32,357 per ton in 2021, and then dropped rapidly in the following year.
There were significant differences in the average prices for the major export markets. In 2022, amid the top suppliers, the country with the highest price was Cayman Islands ($37,135 per ton), while the average price for exports to South Korea ($12,380 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 Canada (+9.6%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Norway Lobster Imports in the United States
In 2022, the amount of frozen norway lobsters imported into the United States dropped dramatically to 219 tons, shrinking by -25.1% compared with the year before. Over the period under review, imports, however, saw a strong expansion. The growth pace was the most rapid in 2021 with an increase of 260%. As a result, imports attained the peak of 292 tons, and then contracted remarkably in the following year.
In value terms, frozen norway lobster imports dropped to $5M in 2022. In general, imports, however, showed a prominent increase. The pace of growth appeared the most rapid in 2021 when imports increased by 208%. As a result, imports reached the peak of $5.3M, and then declined in the following year.
| Import of Frozen Norway Lobster in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 2,637 | 1,204 | 3,595 | 2,899 | 3.2% |
| New Zealand | 170 | 308 | 396 | 1,140 | 88.6% |
| Spain | 181 | 95.1 | 250 | 546 | 44.5% |
| Ireland | 8.7 | 27.3 | 948 | 247 | 205.1% |
| Ecuador | N/A | N/A | N/A | 34.9 | 0% |
| Others | 55.5 | 83.4 | 101 | 109 | 25.2% |
| Total | 3,052 | 1,717 | 5,289 | 4,976 | 17.7% |
Top Suppliers of Frozen Norway Lobster to the United States in 2022:
- United Kingdom (139.3 tons)
- New Zealand (26.6 tons)
- Spain (25.1 tons)
- Ireland (19.5 tons)
- Ecuador (4.4 tons)
Frozen Norway Lobster Exports in the United States
In 2022, shipments abroad of frozen norway lobsters was finally on the rise to reach 6.7 tons for the first time since 2019, thus ending a two-year declining trend. In general, exports, however, showed a noticeable reduction.
In value terms, frozen norway lobster exports surged to $120K in 2022. Overall, exports, however, recorded a abrupt descent.
| Export of Frozen Norway Lobster in the United States (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Dominican Republic | N/A | N/A | 2.8 | 74.7 | 2567.9% |
| South Korea | N/A | N/A | N/A | 27.0 | 0% |
| Saint Maarten (Dutch part) | N/A | N/A | 6.5 | 13.6 | 109.2% |
| Cayman Islands | N/A | N/A | N/A | 4.7 | 0% |
| Singapore | N/A | 35.0 | 38.7 | N/A | 10.6% |
| Canada | 138 | 140 | 10.2 | N/A | -72.8% |
| Others | 12.0 | N/A | 3.7 | N/A | -44.5% |
| Total | 150 | 175 | 61.9 | 120 | -7.2% |
Top Export Markets for Frozen Norway Lobster from the United States in 2022:
- Dominican Republic (3.3 tons)
- South Korea (2.2 tons)
- Saint Maarten (Dutch part) (1.1 tons)
- Cayman Islands (0.1 tons)
This report provides an in-depth analysis of the frozen norway 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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