Norway: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Norway

In 2022, the Norwegian frozen norway lobster market decreased by X% to $X, falling for the third year in a row after two years of growth. In general, consumption, however, posted a noticeable increase. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Frozen Norway Lobster Exports

Exports from Norway

In 2022, overseas shipments of frozen norway lobsters increased by X% to X tons, rising for the second year in a row after two years of decline. In general, exports saw a significant expansion. The most prominent rate of growth was recorded in 2017 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in the immediate term.

In value terms, frozen norway lobster exports skyrocketed to $X in 2022. Over the period under review, exports posted a significant increase. The most prominent rate of growth was recorded in 2017 with an increase of X% against the previous year. Over the period under review, the exports attained the maximum in 2022 and are expected to retain growth in years to come.

Exports by Country

Spain (X tons) was the main destination for frozen norway lobster exports from Norway, with a X% share of total exports. Moreover, frozen norway lobster exports to Spain exceeded the volume sent to the second major destination, the Netherlands (X tons), more than tenfold. The third position in this ranking was taken by Turkey (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume to Spain amounted to X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Turkey (X% per year).

In value terms, Spain ($X) remains the key foreign market for frozen norway lobsters exports from Norway, comprising X% of total exports. The second position in the ranking was taken by the Netherlands ($X), with a X% share of total exports. It was followed by Turkey, with a X% share.

From 2012 to 2022, the average annual growth rate of value to Spain stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the Netherlands (X% per year) and Turkey (X% per year).

Export Prices by Country

The average frozen norway lobster export price stood at $X per ton in 2022, rising by X% against the previous year. In general, the export price saw strong growth. The most prominent rate of growth was recorded in 2013 when the average export price increased by X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2020; however, from 2021 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Sweden ($X per ton), while the average price for exports to Denmark ($X per ton) was amongst the lowest.

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

Frozen Norway Lobster Imports

Imports into Norway

In 2022, overseas purchases of frozen norway lobsters were finally on the rise to reach X tons for the first time since 2019, thus ending a two-year declining trend. Overall, imports posted buoyant growth. The most prominent rate of growth was recorded in 2013 with an increase of X%. Imports peaked at X tons in 2019; however, from 2020 to 2022, imports failed to regain momentum.

In value terms, frozen norway lobster imports surged to $X in 2022. Over the period under review, imports enjoyed a prominent increase. The pace of growth appeared the most rapid in 2013 when imports increased by X% against the previous year. Imports peaked at $X in 2014; however, from 2015 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest supplier of frozen norway lobster to Norway, accounting for a X% share of total imports. Moreover, frozen norway lobster imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Denmark (X tons), fourfold. The third position in this ranking was held by Canada (X tons), with a X% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Canada (X% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of frozen norway lobsters to Norway, comprising X% of total imports. The second position in the ranking was held by Denmark ($X), with a X% share of total imports. It was followed by Canada, with a X% share.

From 2012 to 2022, the average annual rate of growth in terms of value from the Netherlands totaled X%. The remaining supplying countries recorded the following average annual rates of imports growth: Denmark (X% per year) and Canada (X% per year).

Import Prices by Country

In 2022, the average frozen norway lobster import price amounted to $X per ton, falling by X% against the previous year. Overall, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by X%. The import price peaked at $X per ton in 2013; however, from 2014 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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