Africa: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Africa

In 2022, the African frozen norway lobster market increased by X% to $X for the first time since 2018, thus ending a three-year declining trend. Overall, consumption showed buoyant growth. Over the period under review, the market hit record highs in 2022 and is expected to retain growth in the immediate term.

Frozen Norway Lobster Production in Africa

In value terms, frozen norway lobster production stood at $X in 2022 estimated in export price. Overall, production posted a resilient expansion. The growth pace was the most rapid in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

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Frozen Norway Lobster Exports

Exports in Africa

In 2022, approx. X tons of frozen norway lobsters were exported in Africa; flattening at 2021 figures. Over the period under review, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2016 when exports increased by X%. Over the period under review, the exports attained the maximum at X tons in 2021, and then declined in the following year.

In value terms, frozen norway lobster exports contracted dramatically to $X in 2022. In general, exports, however, enjoyed a significant increase. The most prominent rate of growth was recorded in 2021 when exports increased by X% against the previous year. As a result, the exports reached the peak of $X, and then shrank markedly in the following year.

Exports by Country

In 2022, Mozambique (X tons) was the largest exporter of frozen norway lobsters, committing X% of total exports. It was distantly followed by Morocco (X tons), Namibia (X tons) and Tunisia (X tons), together comprising a X% share of total exports. Madagascar (X tons) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Namibia (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen norway lobster supplying countries in Africa were Mozambique ($X), Morocco ($X) and Namibia ($X), together comprising X% of total exports.

Namibia, with a CAGR of X%, saw the highest growth rate of the value of exports, among the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Africa stood at $X per ton in 2022, dropping by X% against the previous year. Overall, the export price, however, continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2018 an increase of X%. The level of export peaked at $X per ton in 2021, and then dropped dramatically in the following year.

There were significant differences in the average prices amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Namibia (X%), while the other leaders experienced more modest paces of growth.

Frozen Norway Lobster Imports

Imports in Africa

Frozen norway lobster imports surged to X tons in 2022, rising by X% against the year before. Over the period under review, imports posted a strong expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2019 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen norway lobster imports soared to $X in 2022. Overall, imports posted a buoyant increase. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2019 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Morocco prevails in imports structure, amounting to X tons, which was near X% of total imports in 2022. The following importers - Democratic Republic of the Congo (X tons) and Angola (X tons) - each accounted for a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen norway lobster imports into Morocco stood at X%. At the same time, Democratic Republic of the Congo (X%) displayed positive paces of growth. Moreover, Democratic Republic of the Congo emerged as the fastest-growing importer imported in Africa, with a CAGR of X% from 2012-2022. By contrast, Angola (X%) illustrated a downward trend over the same period. While the share of Morocco (X p.p.), Democratic Republic of the Congo (X p.p.) and Angola (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Morocco ($X) constitutes the largest market for imported frozen norway lobsters in Africa, comprising X% of total imports. The second position in the ranking was taken by Angola ($X), with a X% share of total imports.

In Morocco, frozen norway lobster imports expanded at an average annual rate of X% over the period from 2012-2022. The remaining importing countries recorded the following average annual rates of imports growth: Angola (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

In 2022, the import price in Africa amounted to $X per ton, almost unchanged from the previous year. Import price indicated a moderate increase from 2012 to 2022: its price increased at an average annual rate of X% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen norway lobster import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. Over the period under review, import prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Morocco ($X per ton), while Democratic Republic of the Congo ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Morocco (X%), while the other leaders experienced a decline in the import price figures.

Source: IndexBox Platform

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