Report Update May 1, 2024

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

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Egypt: Frozen Lobster Market 2024

Frozen Lobster Market Size in Egypt

The Egyptian frozen lobster market shrank markedly to $X in 2022, which is down by -63.9% against the previous year. Over the period under review, consumption, however, showed a significant expansion. As a result, consumption reached the peak level of $X, and then reduced dramatically in the following year.

Frozen Lobster Production in Egypt

In value terms, frozen lobster production fell rapidly to $X in 2022 estimated in export price. Over the period under review, production, however, posted a significant expansion. The pace of growth was the most pronounced in 2019 when the production volume increased by 1,419% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Frozen Lobster Exports

Exports from Egypt

In 2022, shipments abroad of frozen lobster was finally on the rise to reach X tons after two years of decline. In general, exports enjoyed a significant expansion. The growth pace was the most rapid in 2015 when exports increased by 938%. The exports peaked at X tons in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

In value terms, frozen lobster exports soared to $X in 2022. Over the period under review, exports enjoyed a significant expansion. The pace of growth was the most pronounced in 2019 with an increase of 1,292%. The exports peaked in 2022 and are likely to see steady growth in years to come.

Exports by Country

The United States (X tons) was the main destination for frozen lobster exports from Egypt, accounting for a 96% share of total exports. Moreover, frozen lobster exports to the United States exceeded the volume sent to the second major destination, Vietnam (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to the United States stood at +41.4%.

In value terms, the United States ($X) remains the key foreign market for frozen lobster exports from Egypt, comprising 96% of total exports. The second position in the ranking was taken by Vietnam ($X), with a 4.3% share of total exports.

From 2012 to 2022, the average annual growth rate of value to the United States totaled +167.3%.

Export Prices by Country

The average frozen lobster export price stood at $X per ton in 2022, rising by 14% against the previous year. Over the period under review, the export price continues to indicate a perceptible expansion. The most prominent rate of growth was recorded in 2020 when the average export price increased by 385%. Over the period under review, the average export prices reached the maximum in 2022 and is likely to continue growth in the immediate term.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was the United States ($X per ton), while the average price for exports to Vietnam totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to the United States (+89.0%).

Frozen Lobster Imports

Imports into Egypt

In 2022, frozen lobster imports into Egypt declined remarkably to X tons, falling by -16.7% compared with the previous year's figure. Overall, imports recorded a drastic downturn. The most prominent rate of growth was recorded in 2015 when imports increased by 690% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen lobster imports contracted modestly to $X in 2022. In general, imports recorded a pronounced decline. The most prominent rate of growth was recorded in 2021 with an increase of 84%. Imports peaked at $X in 2018; however, from 2019 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, Bahrain (X tons) constituted the largest supplier of frozen lobster to Egypt, accounting for a 77% share of total imports. Moreover, frozen lobster imports from Bahrain exceeded the figures recorded by the second-largest supplier, Canada (X tons), threefold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Bahrain amounted to -29.0%.

In value terms, Bahrain ($X) constituted the largest supplier of frozen lobster to Egypt, comprising 77% of total imports. The second position in the ranking was held by Canada ($X), with a 23% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Bahrain stood at +29.9%.

Import Prices by Country

In 2022, the average frozen lobster import price amounted to $X per ton, rising by 17% against the previous year. Over the period under review, the import price recorded noticeable growth. The most prominent rate of growth was recorded in 2019 when the average import price increased by 341% against the previous year. The import price peaked in 2022 and is likely to see steady growth in the near future.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Bahrain ($X per ton), while the price for Canada totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Bahrain (+83.0%), while the prices for the other major suppliers experienced more modest paces of growth.

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, together comprising 56% of global consumption. Spain, China, South Korea, France, Japan, Italy and Egypt lagged somewhat behind, together comprising a further 23%.

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

Canada remains the largest frozen lobster producing country worldwide, comprising approx. 66% of total volume. Moreover, frozen lobster production in Canada exceeded the figures recorded by the second-largest producer, India, threefold. Egypt ranked third in terms of total production with a 3.2% share.

What are the leading suppliers of frozen lobster to Egypt?

In value terms, Bahrain constituted the largest supplier of frozen lobster to Egypt, comprising 77% of total imports. The second position in the ranking was held by Canada, with a 23% share of total imports.

What are the leading importers of frozen lobster from Egypt?

In value terms, the United States remains the key foreign market for frozen lobster exports from Egypt, comprising 96% of total exports. The second position in the ranking was held by Vietnam, with a 4.3% share of total exports.

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

In 2022, the average frozen lobster export price amounted to $25,278 per ton, surging by 14% against the previous year.

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

In 2022, the average frozen lobster import price amounted to $28,407 per ton, picking up by 17% against the previous year.

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

Egypt

Data coverage:

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