Report Update May 1, 2024

Russian Federation - Frozen Lobster - Market Analysis, Forecast, Size, Trends and Insights

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Russian Federation: Frozen Lobster Market 2024

Frozen Lobster Market Size in the Russian Federation

The Russian frozen lobster market declined rapidly to $X in 2022, waning by -31.2% against the previous year. Over the period under review, consumption, however, recorded significant growth. Over the period under review, the market attained the peak level at $X in 2021, and then fell dramatically in the following year.

Frozen Lobster Production in the Russian Federation

In value terms, frozen lobster production fell to $X in 2022 estimated in export price. Over the period under review, the total production indicated measured growth from 2012 to 2022: its value increased at an average annual rate of +4.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, production increased by +14.8% against 2020 indices. The pace of growth was the most pronounced in 2019 with an increase of 39% against the previous year. As a result, production attained the peak level of $X. From 2020 to 2022, production growth failed to regain momentum.

Frozen Lobster Exports

Exports from the Russian Federation

In 2022, the amount of frozen lobster exported from Russia was estimated at X kg, approximately reflecting the previous year's figure. Over the period under review, exports showed a dramatic contraction. The most prominent rate of growth was recorded in 2015 when exports increased by 491%. Over the period under review, the exports hit record highs at X tons in 2012; however, from 2013 to 2022, the exports remained at a lower figure.

In value terms, frozen lobster exports stood at $X in 2022. Overall, exports faced a precipitous contraction. The pace of growth was the most pronounced in 2015 when exports increased by 689% against the previous year. The exports peaked at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Switzerland (X kg) was the main destination for frozen lobster exports from Russia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Switzerland was relatively modest.

From 2012 to 2022, the average annual rate of growth in terms of value to Switzerland was relatively modest.

Export Prices by Country

The average frozen lobster export price stood at $X per ton in 2022, approximately mirroring the previous year. Overall, the export price posted prominent growth. The growth pace was the most rapid in 2017 when the average export price increased by 124% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2018 to 2022, the average export prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Kazakhstan amounted to +24.4% per year.

Frozen Lobster Imports

Imports into the Russian Federation

Frozen lobster imports into Russia fell significantly to X kg in 2022, reducing by -50% against 2021 figures. Overall, imports, however, recorded a modest increase. The pace of growth appeared the most rapid in 2016 when imports increased by 134%. Imports peaked at X tons in 2021, and then declined markedly in the following year.

In value terms, frozen lobster imports dropped markedly to $X in 2022. In general, imports, however, saw a remarkable increase. The most prominent rate of growth was recorded in 2016 when imports increased by 153% against the previous year. Imports peaked at $X in 2021, and then declined significantly in the following year.

Imports by Country

In 2022, Tunisia (X kg) was the main frozen lobster supplier to Russia, with a approx. 100% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from Tunisia stood at +95.7%.

In value terms, Tunisia ($X) constituted the largest supplier of frozen lobster to Russia.

From 2012 to 2022, the average annual rate of growth in terms of value from Tunisia totaled +112.1%.

Import Prices by Country

In 2022, the average frozen lobster import price amounted to $X per ton, standing approx. at the previous year. Overall, the import price continues to indicate a resilient increase. The pace of growth appeared the most rapid in 2018 an increase of 26%. Over the period under review, average import prices reached the peak figure in 2022 and is likely to see steady growth in the near future.

As there is only one major supplying country, the average price level is determined by prices for Tunisia.

From 2012 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +13.9% per year.

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 accounting for 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?

The country with the largest volume of frozen lobster production was Canada, 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 the Russian Federation?

In value terms, Tunisia constituted the largest supplier of frozen lobster to Russia.

What is the average export price for frozen lobster in the Russian Federation?

The average frozen lobster export price stood at $28,305 per ton in 2022, stabilizing at the previous year.

What is the average import price for frozen lobster in the Russian Federation?

In 2022, the average frozen lobster import price amounted to $43,888 per ton, approximately mirroring the previous year.

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

Russia

Data coverage:

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