Report Update May 1, 2024

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

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Peru: Frozen Lobster Market 2024

Frozen Lobster Market Size in Peru

In 2022, after two years of growth, there was decline in the Peruvian frozen lobster market, when its value decreased by -1.7% to $X. Over the period under review, consumption, however, posted a notable increase. Over the period under review, the market hit record highs at $X in 2014; however, from 2015 to 2022, consumption failed to regain momentum.

Frozen Lobster Production in Peru

In value terms, frozen lobster production declined to $X in 2022 estimated in export price. The total output value increased at an average annual rate of +4.0% over the period from 2012 to 2022; the trend pattern indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2015 with an increase of 13%. Over the period under review, production hit record highs at $X in 2018; however, from 2019 to 2022, production remained at a lower figure.

Frozen Lobster Exports

Exports from Peru

Frozen lobster exports from Peru was estimated at X tons in 2019, leveling off at the previous year. Over the period under review, exports enjoyed a significant increase. The smallest decline of 99.9% was in 2016. Over the period under review, the exports hit record highs in 2019 and are expected to retain growth in the immediate term.

In value terms, frozen lobster exports amounted to $X in 2019. Overall, exports saw significant growth. The smallest decline of 99.9% was in 2016. Over the period under review, the exports hit record highs in 2019 and are expected to retain growth in the immediate term.

Exports by Country

Hong Kong SAR (X tons) was the main destination for frozen lobster exports from Peru, accounting for a approx. 100% share of total exports.

From 2015 to 2019, the average annual growth rate of volume to Hong Kong SAR was relatively modest.

From 2015 to 2019, the average annual rate of growth in terms of value to Hong Kong SAR was relatively modest.

Export Prices by Country

In 2019, the average frozen lobster export price amounted to $X per ton, therefore, remained relatively stable against the previous year. Over the period under review, the export price continues to indicate notable growth. The most prominent rate of growth was recorded in 2016 a decrease of 99.9% against the previous year. The export price peaked in 2019 and is likely to continue growth in years to come.

As there is only one major export destination, the average price level is determined by prices for Hong Kong SAR.

From 2015 to 2019, the rate of growth in terms of prices for the Netherlands amounted to 0.0% per year.

Frozen Lobster Imports

Imports into Peru

In 2022, after two years of growth, there was decline in supplies from abroad of frozen lobster, when their volume decreased by -2.7% to X tons. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2014 when imports increased by 373% against the previous year. As a result, imports reached the peak of X tons. From 2015 to 2022, the growth of imports failed to regain momentum.

In value terms, frozen lobster imports shrank to $X in 2022. Overall, imports, however, enjoyed a tangible increase. The most prominent rate of growth was recorded in 2014 with an increase of 307% against the previous year. As a result, imports reached the peak of $X. From 2015 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

In 2022, the United States (X tons) was the main frozen lobster supplier to Peru, with a 97% share of total imports. Moreover, frozen lobster imports from the United States exceeded the figures recorded by the second-largest supplier, Germany (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from the United States stood at +8.3%.

In value terms, the United States ($X) constituted the largest supplier of frozen lobster to Peru, comprising 97% of total imports. The second position in the ranking was taken by Germany ($X), with a 2.7% share of total imports.

From 2012 to 2022, the average annual growth rate of value from the United States stood at +7.7%.

Import Prices by Country

In 2022, the average frozen lobster import price amounted to $X per ton, stabilizing at the previous year. In general, the import price, however, posted mild growth. The most prominent rate of growth was recorded in 2015 when the average import price increased by 657%. As a result, import price attained the peak level of $X per ton. From 2016 to 2022, the average import prices remained at a lower figure.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (-0.5%).

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 accounting for a further 23%.

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

Canada constituted the country with the largest volume of frozen lobster production, 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 Peru?

In value terms, the United States constituted the largest supplier of frozen lobster to Peru, comprising 97% of total imports. The second position in the ranking was taken by Germany $963), with a 2.7% share of total imports.

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

In 2019, the average frozen lobster export price amounted to $11,773 per ton, leveling off at the previous year.

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

In 2022, the average frozen lobster import price amounted to $25,396 per ton, stabilizing at the previous year.

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

Peru

Data coverage:

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