SADC: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in SADC

After two years of decline, the SADC frozen norway lobster market increased by X% to $X in 2022. In general, consumption enjoyed a prominent expansion. The level of consumption peaked in 2022 and is likely to continue growth in the immediate term.

Frozen Norway Lobster Production in SADC

In value terms, frozen norway lobster production skyrocketed to $X in 2022 estimated in export price. Over the period under review, production enjoyed a buoyant increase. The pace of growth was the most pronounced in 2019 with an increase of X% against the previous year. As a result, production reached the peak level of $X. From 2020 to 2022, production growth remained at a lower figure.

Frozen Norway Lobster Exports

Exports in SADC

In 2022, shipments abroad of frozen norway lobsters decreased by X% to X tons for the first time since 2018, thus ending a three-year rising trend. Overall, exports, however, posted a significant expansion. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The volume of export peaked at X tons in 2021, and then reduced in the following year.

In value terms, frozen norway lobster exports fell remarkably to $X in 2022. Over the period under review, exports, however, recorded a significant increase. The most prominent rate of growth was recorded in 2015 when exports increased by X%. The level of export peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

Mozambique represented the main exporter of frozen norway lobsters in SADC, with the volume of exports resulting at X tons, which was approx. X% of total exports in 2022. Namibia (X tons) took a X% share (based on physical terms) of total exports, which put it in second place, followed by Madagascar (X%).

From 2012 to 2022, average annual rates of growth with regard to frozen norway lobster exports from Mozambique stood at X%. At the same time, Namibia (X%) and Madagascar (X%) displayed positive paces of growth. Moreover, Namibia emerged as the fastest-growing exporter exported in SADC, with a CAGR of X% from 2012-2022. From 2012 to 2022, the share of Mozambique, Namibia and Madagascar increased by X, X and X percentage points, while the shares of the other countries remained relatively stable throughout the analyzed period.

In value terms, the largest frozen norway lobster supplying countries in SADC were Mozambique ($X), Namibia ($X) and Madagascar ($X), with a combined X% share of total exports.

Namibia, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the export price in SADC amounted to $X per ton, waning by X% against the previous year. Export price indicated mild growth 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 2016 indices. The pace of growth was the most pronounced in 2021 when the export price increased by X%. As a result, the export price attained the peak level of $X per ton, and then dropped sharply in the following year.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Namibia ($X per ton), while Madagascar ($X per ton) was amongst the lowest.

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

Frozen Norway Lobster Imports

Imports in SADC

In 2022, after three years of decline, there was significant growth in supplies from abroad of frozen norway lobsters, when their volume increased by X% to X tons. Overall, imports, however, recorded a abrupt slump. The most prominent rate of growth was recorded in 2014 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, frozen norway lobster imports surged to $X in 2022. Over the period under review, imports, however, saw a deep setback. The pace of growth appeared the most rapid in 2018 when imports increased by X% against the previous year. As a result, imports attained the peak of $X. From 2019 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Democratic Republic of the Congo (X tons) and Angola (X tons) dominates imports structure, together mixing up X% of total imports. Mauritius (X kg) took the next position in the ranking, followed by Lesotho (X kg). All these countries together took approx. X% share of total imports. Seychelles (X kg) followed a long way behind the leaders.

From 2012 to 2022, the biggest increases were recorded for Democratic Republic of the Congo (with a CAGR of X%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Angola ($X) constitutes the largest market for imported frozen norway lobsters in SADC, comprising X% of total imports. The second position in the ranking was taken by Mauritius ($X), with a X% share of total imports. It was followed by Democratic Republic of the Congo, with an X% share.

From 2012 to 2022, the average annual growth rate of value in Angola amounted to X%. The remaining importing countries recorded the following average annual rates of imports growth: Mauritius (X% per year) and Democratic Republic of the Congo (X% per year).

Import Prices by Country

In 2022, the import price in SADC amounted to $X per ton, reducing by X% against the previous year. Overall, the import price recorded a pronounced setback. The pace of growth appeared the most rapid in 2013 an increase of X%. Over the period under review, import prices reached the peak figure at $X per ton in 2018; however, from 2019 to 2022, import prices remained at a lower figure.

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

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

Source: IndexBox Platform

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