MENA: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in MENA

After two years of decline, the MENA's frozen norway lobster market increased by X% to $X in 2022. Over the period under review, consumption enjoyed a prominent increase. As a result, consumption reached the peak level and is likely to continue growth in the immediate term.

Frozen Norway Lobster Production in MENA

In value terms, frozen norway lobster production declined modestly to $X in 2022 estimated in export price. In general, production, however, posted strong growth. The pace of growth was the most pronounced in 2019 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2020 to 2022, production growth remained at a somewhat lower figure.

Frozen Norway Lobster Exports

Exports in MENA

In 2022, after ten years of growth, there was significant decline in shipments abroad of frozen norway lobsters, when their volume decreased by X% to X tons. Overall, exports, however, enjoyed a significant expansion. The growth pace was the most rapid in 2018 when exports increased by X%. Over the period under review, the exports reached the peak figure at X tons in 2021, and then dropped markedly in the following year.

In value terms, frozen norway lobster exports contracted to $X in 2022. In general, exports, however, showed a significant expansion. The pace of growth was the most pronounced in 2018 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum at $X in 2021, and then contracted in the following year.

Exports by Country

Morocco was the major exporter of frozen norway lobsters in MENA, with the volume of exports recording X tons, which was near X% of total exports in 2022. Tunisia (X tons) ranks second in terms of the total exports with a X% share, followed by Iran (X%). The United Arab Emirates (X tons) took a minor share of total exports.

Morocco 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, Iran (X%), the United Arab Emirates (X%) and Tunisia (X%) displayed positive paces of growth. From 2012 to 2022, the share of Morocco and Iran increased by X and X percentage points, respectively.

In value terms, Morocco ($X) remains the largest frozen norway lobster supplier in MENA, comprising X% of total exports. The second position in the ranking was taken by Tunisia ($X), with a X% share of total exports. It was followed by the United Arab Emirates, with a X% share.

From 2012 to 2022, the average annual growth rate of value in Morocco totaled X%. In the other countries, the average annual rates were as follows: Tunisia (X% per year) and the United Arab Emirates (X% per year).

Export Prices by Country

In 2022, the export price in MENA amounted to $X per ton, jumping by X% against the previous year. Export price indicated a measured 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 export price increased by X% against 2020 indices. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Morocco ($X per ton), while Iran ($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 mixed trends in the export price figures.

Frozen Norway Lobster Imports

Imports in MENA

In 2022, supplies from abroad of frozen norway lobsters was finally on the rise to reach X tons after three years of decline. In general, imports enjoyed a significant expansion. As a result, imports reached the peak and are likely to continue growth in the immediate term.

In value terms, frozen norway lobster imports skyrocketed to $X in 2022. Overall, imports saw a significant expansion. The most prominent rate of growth was recorded in 2018 with an increase of X%. The level of import peaked in 2022 and is likely to see steady growth in the near future.

Imports by Country

Morocco represented the major importing country with an import of about X tons, which reached X% of total imports. The United Arab Emirates (X tons) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Turkey (X%). Israel (X tons) followed a long way behind the leaders.

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, Turkey (X%), the United Arab Emirates (X%) and Israel (X%) displayed positive paces of growth. Moreover, Turkey emerged as the fastest-growing importer imported in MENA, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Morocco and Turkey increased by X and X percentage points, respectively.

In value terms, the largest frozen norway lobster importing markets in MENA were the United Arab Emirates ($X), Morocco ($X) and Turkey ($X), together comprising X% of total imports.

In terms of the main importing countries, Turkey, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2022, the import price in MENA amounted to $X per ton, declining by X% against the previous year. In general, the import price, however, showed slight growth. The growth pace was the most rapid in 2021 when the import price increased by X%. As a result, import price reached the peak level of $X per ton, and then dropped in the following year.

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 the United Arab Emirates ($X per ton), while Morocco ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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