Switzerland: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Switzerland

In 2022, after two years of growth, there was significant decline in the Swiss frozen norway lobster market, when its value decreased by X% to $X. In general, the total consumption indicated mild growth from 2012 to 2022: its value 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. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank notably in the following year.

Frozen Norway Lobster Exports

Exports from Switzerland

In 2022, the amount of frozen norway lobsters exported from Switzerland totaled X tons, stabilizing at 2021 figures. In general, exports showed significant growth. The growth pace was the most rapid in 2020 when exports increased by X% against the previous year. The exports peaked in 2022 and are expected to retain growth in years to come.

In value terms, frozen norway lobster exports amounted to $X in 2022. Overall, exports showed significant growth. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Belgium (X tons) was the main destination for frozen norway lobster exports from Switzerland, with a X% share of total exports. Moreover, frozen norway lobster exports to Belgium exceeded the volume sent to the second major destination, France (X kg), more than tenfold.

From 2014 to 2022, the average annual growth rate of volume to Belgium was relatively modest.

From 2014 to 2022, the average annual growth rate of value to Belgium was relatively modest.

Export Prices by Country

In 2022, the average frozen norway lobster export price amounted to $X per ton, approximately mirroring the previous year. Overall, the export price continues to indicate a drastic downturn. The pace of growth was the most pronounced in 2020 a decrease of X%. Over the period under review, the average export prices attained the maximum at $X per ton in 2018; however, from 2019 to 2022, the export prices remained at a lower figure.

Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (X%).

Frozen Norway Lobster Imports

Imports into Switzerland

In 2022, supplies from abroad of frozen norway lobsters increased by X% to X tons, rising for the third consecutive year after two years of decline. Overall, total imports indicated a noticeable increase from 2012 to 2022: its volume 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, imports increased by X% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in years to come.

In value terms, frozen norway lobster imports contracted markedly to $X in 2022. Over the period under review, total imports indicated a pronounced expansion from 2012 to 2022: its value 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. The pace of growth appeared the most rapid in 2020 when imports increased by X% against the previous year. Imports peaked at $X in 2021, and then contracted notably in the following year.

Imports by Country

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

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (X% per year) and South Africa (X% per year).

In value terms, the largest frozen norway lobster suppliers to Switzerland were South Africa ($X), Denmark ($X) and Spain ($X), together comprising X% of total imports. Portugal, the Netherlands, Italy and France lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Portugal, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen norway lobster import price stood at $X per ton in 2022, dropping by X% against the previous year. Over the period under review, the import price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2015 an increase of X% against the previous year. The import price peaked at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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