MERCOSUR: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in MERCOSUR

The MERCOSUR frozen norway lobster market shrank to $X in 2022, which is down by X% against the previous year. Over the period under review, consumption, however, saw a perceptible slump. As a result, consumption reached the peak level of $X. From 2014 to 2022, the growth of the market remained at a lower figure.

Frozen Norway Lobster Production in MERCOSUR

In value terms, frozen norway lobster production fell slightly to $X in 2022 estimated in export price. Overall, production, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the production volume increased by X%. As a result, production attained the peak level of $X. From 2015 to 2022, production growth remained at a lower figure.

Frozen Norway Lobster Exports

Exports in MERCOSUR

After two years of decline, shipments abroad of frozen norway lobsters increased by X% to X tons in 2022. In general, exports posted a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X% against the previous year. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, frozen norway lobster exports surged to $X in 2022. Overall, exports enjoyed a significant increase. The pace of growth appeared the most rapid in 2013 with an increase of X%. Over the period under review, the exports hit record highs at $X in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Ecuador represented the major exporting country with an export of around X tons, which finished at X% of total exports. Argentina (X tons) took the second position in the ranking, distantly followed by Venezuela (X tons). All these countries together took near X% share of total exports.

Ecuador 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, Venezuela (X%) and Argentina (X%) displayed positive paces of growth. Ecuador (X p.p.) and Venezuela (X p.p.) significantly strengthened its position in terms of the total exports, while Argentina saw its share reduced by X% from 2012 to 2022, respectively.

In value terms, Ecuador ($X) emerged as the largest frozen norway lobster supplier in MERCOSUR, comprising X% of total exports. The second position in the ranking was held by Argentina ($X), with a X% share of total exports.

In Ecuador, frozen norway lobster exports expanded at an average annual rate of X% over the period from 2012-2022. The remaining exporting countries recorded the following average annual rates of exports growth: Argentina (X% per year) and Venezuela (X% per year).

Export Prices by Country

The export price in MERCOSUR stood at $X per ton in 2022, increasing by X% against the previous year. Overall, the export price continues to indicate a tangible expansion. The most prominent rate of growth was recorded in 2013 when the export price increased by X% against the previous year. The level of export peaked at $X per ton in 2014; however, from 2015 to 2022, the export prices remained at a lower figure.

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 Ecuador ($X per ton), while Venezuela ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced mixed trends in the export price figures.

Frozen Norway Lobster Imports

Imports in MERCOSUR

In 2022, overseas purchases of frozen norway lobsters increased by X% to X kg for the first time since 2017, thus ending a four-year declining trend. In general, imports saw a resilient expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2014 to 2022, the growth of imports remained at a somewhat lower figure.

In value terms, frozen norway lobster imports skyrocketed to $X in 2022. Over the period under review, imports continue to indicate buoyant growth. The most prominent rate of growth was recorded in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of $X. From 2014 to 2022, the growth of imports remained at a lower figure.

Imports by Country

Uruguay represented the major importing country with an import of around X kg, which recorded X% of total imports. It was distantly followed by Argentina (X kg), committing a X% share of total imports. Colombia (X kg) held a little share of total imports.

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

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

In Uruguay, 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: Argentina (X% per year) and Colombia (X% per year).

Import Prices by Country

In 2022, the import price in MERCOSUR amounted to $X per ton, growing by X% against the previous year. Import price indicated a slight 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 growth pace was the most rapid in 2018 when the import price increased by X% against the previous year. The level of import peaked in 2022 and is likely to see gradual growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was Colombia ($X per ton), while Argentina ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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