Report Update May 1, 2024

Brazil - Frozen Lobster - Market Analysis, Forecast, Size, Trends and Insights

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Brazil: Frozen Lobster Market 2024

Frozen Lobster Market Size in Brazil

The Brazilian frozen lobster market surged to $X in 2022, picking up by 20% against the previous year. Overall, consumption enjoyed a prominent increase. Frozen lobster consumption peaked in 2022 and is likely to see steady growth in years to come.

Frozen Lobster Production in Brazil

In value terms, frozen lobster production expanded significantly to $X in 2022 estimated in export price. In general, production recorded a slight expansion. The growth pace was the most rapid in 2020 when the production volume increased by 39%. As a result, production reached the peak level of $X. From 2021 to 2022, production growth remained at a somewhat lower figure.

Frozen Lobster Exports

Exports from Brazil

In 2022, overseas shipments of frozen lobster decreased by 99.9% to X kg for the first time since 2019, thus ending a two-year rising trend. In general, exports faced a sharp decrease. The pace of growth appeared the most rapid in 2017 when exports increased by 2,065%. As a result, the exports reached the peak of X tons. From 2018 to 2022, the growth of the exports failed to regain momentum.

In value terms, frozen lobster exports contracted significantly to $X in 2022. Over the period under review, exports recorded a dramatic downturn. The pace of growth appeared the most rapid in 2017 when exports increased by 1,658% against the previous year. As a result, the exports reached the peak of $X. From 2018 to 2022, the growth of the exports remained at a somewhat lower figure.

Exports by Country

Liberia (X kg) and Chile (X kg) were the main destinations of frozen lobster exports from Brazil.

From 2012 to 2022, the biggest increases were recorded for Chile (with a CAGR of 0.0%).

In value terms, Liberia ($X) emerged as the key foreign market for frozen lobster exports from Brazil, comprising 70% of total exports. The second position in the ranking was taken by Chile ($X), with a 30% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Liberia was relatively modest.

Export Prices by Country

In 2022, the average frozen lobster export price amounted to $X per ton, with a decrease of -67.1% against the previous year. In general, the export price recorded a abrupt decline. The most prominent rate of growth was recorded in 2020 when the average export price increased by 28%. The export price peaked at $X per ton in 2021, and then reduced rapidly in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Liberia ($X per ton), while the average price for exports to Chile stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (+8.9%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Lobster Imports

Imports into Brazil

In 2019, approx. X kg of frozen lobster were imported into Brazil; reducing by -4.1% compared with 2018 figures. Over the period under review, imports saw a abrupt setback. The pace of growth appeared the most rapid in 2018 with an increase of 681% against the previous year. Imports peaked at X tons in 2016; however, from 2017 to 2019, imports stood at a somewhat lower figure.

In value terms, frozen lobster imports amounted to $X in 2019. Overall, imports faced a drastic downturn. The most prominent rate of growth was recorded in 2018 when imports increased by 845%. Imports peaked at $X in 2016; however, from 2017 to 2019, imports failed to regain momentum.

Imports by Country

In 2019, the United States (X kg) constituted the largest supplier of frozen lobster to Brazil, with a 67% share of total imports. Moreover, frozen lobster imports from the United States exceeded the figures recorded by the second-largest supplier, Canada (X kg), threefold.

From 2016 to 2019, the average annual growth rate of volume from the United States totaled -25.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+1.5% per year) and Australia (0.0% per year).

In value terms, the United States ($X), Canada ($X) and Australia ($X) were the largest frozen lobster suppliers to Brazil.

Among the main suppliers, Australia, with a CAGR of 0.0%, saw the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced a decline.

Import Prices by Country

In 2019, the average frozen lobster import price amounted to $X per ton, with an increase of 5% against the previous year. Over the period from 2016 to 2019, it increased at an average annual rate of +9.2%. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. Over the period under review, average import prices attained the maximum in 2019 and is expected to retain growth in the immediate term.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Canada ($X per ton), while the price for the United States ($X per ton) was amongst the lowest.

From 2016 to 2019, the most notable rate of growth in terms of prices was attained by the United States (+10.1%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen lobster in the world?

The countries with the highest volumes of consumption in 2022 were the United States, India and Canada, with a combined 56% share of global consumption. Spain, China, South Korea, France, Japan, Italy and Egypt lagged somewhat behind, together accounting for a further 23%.

What are the largest producers of frozen lobster in the world?

Canada constituted the country with the largest volume of frozen lobster production, accounting for 66% of total volume. Moreover, frozen lobster production in Canada exceeded the figures recorded by the second-largest producer, India, threefold. The third position in this ranking was held by Egypt, with a 3.2% share.

What are the leading suppliers of frozen lobster to Brazil?

In value terms, the largest frozen lobster suppliers to Brazil were the United States, Canada and Australia.

What are the leading importers of frozen lobster from Brazil?

In value terms, Liberia $133) emerged as the key foreign market for frozen lobster exports from Brazil, comprising 70% of total exports. The second position in the ranking was taken by Chile $58), with a 30% share of total exports.

What is the average export price for frozen lobster in Brazil?

In 2022, the average frozen lobster export price amounted to $11,235 per ton, dropping by -67.1% against the previous year.

What is the average import price for frozen lobster in Brazil?

In 2019, the average frozen lobster import price amounted to $51,007 per ton, rising by 5% against the previous year.

This report provides an in-depth analysis of the frozen lobster market in Brazil. 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:

Brazil

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Brazil
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023