Eastern Europe: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Eastern Europe

The East European frozen norway lobster market dropped to $X in 2022, waning by X% against the previous year. Overall, consumption recorded a deep downturn. The level of consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Frozen Norway Lobster Production in Eastern Europe

In value terms, frozen norway lobster production surged to $X in 2022 estimated in export price. Over the period under review, production recorded a significant increase. The pace of growth appeared the most rapid in 2019 with an increase of X,650% against the previous year. The level of production peaked in 2022 and is likely to see gradual growth in the near future.

Frozen Norway Lobster Exports

Exports in Eastern Europe

Frozen norway lobster exports skyrocketed to X tons in 2022, with an increase of X% compared with 2021 figures. Overall, exports showed a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of X% against the previous year. The volume of export peaked in 2022 and is expected to retain growth in the near future.

In value terms, frozen norway lobster exports skyrocketed to $X in 2022. In general, exports enjoyed a significant expansion. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Bulgaria prevails in exports structure, reaching X tons, which was near X% of total exports in 2022. Latvia (X kg) took a little share of total exports.

Bulgaria was also the fastest-growing in terms of the frozen norway lobsters exports, with a CAGR of X% from 2012 to 2022. At the same time, Latvia (X%) displayed positive paces of growth. While the share of Bulgaria (X p.p.) and Latvia (X p.p.) increased significantly, the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, Bulgaria ($X) remains the largest frozen norway lobster supplier in Eastern Europe, comprising X% of total exports. The second position in the ranking was taken by Latvia ($X), with a X% share of total exports.

In Bulgaria, frozen norway lobster exports increased at an average annual rate of X% over the period from 2012-2022.

Export Prices by Country

The export price in Eastern Europe stood at $X per ton in 2022, surging by X% against the previous year. Overall, the export price saw a noticeable expansion. Over the period under review, the export prices reached the peak figure at $X per ton in 2014; however, from 2015 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied somewhat amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while Latvia totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bulgaria (X%).

Frozen Norway Lobster Imports

Imports in Eastern Europe

In 2022, approx. X tons of frozen norway lobsters were imported in Eastern Europe; falling by X% against the previous year's figure. Over the period under review, imports recorded a pronounced reduction. The pace of growth was the most pronounced in 2020 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2021 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen norway lobster imports declined sharply to $X in 2022. Overall, imports saw a abrupt contraction. The most prominent rate of growth was recorded in 2018 when imports increased by X% against the previous year. The level of import peaked at $X in 2012; however, from 2013 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Romania (X tons) was the largest importer of frozen norway lobsters, comprising X% of total imports. It was distantly followed by Poland (X tons), the Czech Republic (X tons), Hungary (X tons), Lithuania (X tons), Latvia (X tons) and Ukraine (X tons), together comprising a X% share of total imports.

From 2012 to 2022, average annual rates of growth with regard to frozen norway lobster imports into Romania stood at X%. At the same time, Poland (X%), Lithuania (X%), Ukraine (X%) and the Czech Republic (X%) displayed positive paces of growth. Moreover, Poland emerged as the fastest-growing importer imported in Eastern Europe, with a CAGR of X% from 2012-2022. By contrast, Hungary (X%) and Latvia (X%) illustrated a downward trend over the same period. Romania (X p.p.), Poland (X p.p.), the Czech Republic (X p.p.), Ukraine (X p.p.) and Lithuania (X p.p.) significantly strengthened its position in terms of the total imports, while Hungary and Latvia saw its share reduced by X% and X% from 2012 to 2022, respectively.

In value terms, Romania ($X) constitutes the largest market for imported frozen norway lobsters in Eastern Europe, comprising X% of total imports. The second position in the ranking was held by Poland ($X), with a X% share of total imports. It was followed by the Czech Republic, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value in Romania totaled X%. The remaining importing countries recorded the following average annual rates of imports growth: Poland (X% per year) and the Czech Republic (X% per year).

Import Prices by Country

The import price in Eastern Europe stood at $X per ton in 2022, increasing by X% against the previous year. In general, the import price, however, saw a noticeable curtailment. The most prominent rate of growth was recorded in 2021 an increase of X% against the previous year. The level of import peaked at $X 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 importing countries. In 2022, amid the top importers, the country with the highest price was Ukraine ($X per ton), while Lithuania ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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