Ireland - Frozen Norway Lobsters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Norway Lobster Price in Ireland - 2023
Contents:
- Frozen Norway Lobster Price in Ireland (FOB) - 2023
- Frozen Norway Lobster Price in Ireland (CIF) - 2023
- Frozen Norway Lobster Exports in Ireland
- Frozen Norway Lobster Imports in Ireland
Frozen Norway Lobster Price in Ireland (FOB) - 2023
The average frozen norway lobster export price stood at $12,876 per ton in July 2023, waning by -5.5% against the previous month. In general, the export price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in November 2022 when the average export price increased by 25% m-o-m. Over the period under review, the average export prices attained the maximum at $16,745 per ton in April 2023; however, from May 2023 to July 2023, the export prices remained at a lower figure.
There were significant differences in the average prices for the major external markets. In July 2023, the country with the highest price was Denmark ($16,937 per ton), while the average price for exports to China ($5,800 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was recorded for supplies to the UK (+1.2%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Norway Lobster Price in Ireland (CIF) - 2023
The average frozen norway lobster import price stood at $12,999 per ton in July 2023, therefore, remained relatively stable against the previous month. Overall, import price indicated a modest increase from July 2022 to July 2023: its price increased at an average monthly rate of +1.5% over the last twelve months. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on July 2023 figures, frozen norway lobster import price increased by +47.8% against January 2023 indices. The pace of growth was the most pronounced in November 2022 an increase of 45% against the previous month. The import price peaked at $14,057 per ton in December 2022; however, from January 2023 to July 2023, import prices remained at a lower figure.
Prices varied noticeably by the country of origin: the country with the highest price was Italy ($20,299 per ton), while the price for the UK ($10,323 per ton) was amongst the lowest.
From July 2022 to July 2023, the most notable rate of growth in terms of prices was attained by Italy (+5.1%), while the prices for the other major suppliers experienced more modest paces of growth.
Frozen Norway Lobster Exports in Ireland
For the third year in a row, Ireland recorded decline in overseas shipments of frozen norway lobsters, which decreased by 0% to 4.5K tons in 2022. Over the period under review, exports showed a abrupt descent. The smallest decline of -15.7% was in 2020.
In value terms, frozen norway lobster exports stood at $67M in 2022. In general, exports continue to indicate a modest increase. The smallest decline of -15.4% was in 2020. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
| Export of Frozen Norway Lobster in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Italy | 42.2 | 33.8 | N/A | 46.7 | 3.4% |
| Spain | 8.5 | 9.4 | N/A | 12.0 | 12.2% |
| France | 4.1 | 2.6 | N/A | 3.1 | -8.9% |
| United Kingdom | 7.1 | 5.4 | N/A | 2.3 | -31.3% |
| China | 0.9 | 0.2 | N/A | 1.3 | 13.0% |
| Others | 0.7 | 2.3 | N/A | 1.4 | 26.0% |
| Total | 63.6 | 53.8 | N/A | 66.8 | 1.6% |
Top Export Markets for Frozen Norway Lobster from Ireland in 2022:
- Italy (2773.9 tons)
- Spain (1025.3 tons)
- France (293.7 tons)
- United Kingdom (290.2 tons)
- China (71.5 tons)
Frozen Norway Lobster Imports in Ireland
In 2022, approx. 481 tons of frozen norway lobsters were imported into Ireland; approximately equating the year before. In general, imports faced a abrupt curtailment. The smallest decline of -39.6% was in 2020.
In value terms, frozen norway lobster imports totaled $5.7M in 2022. Over the period under review, imports posted a mild expansion. The smallest decline of -43.3% was in 2020. Imports peaked in 2022 and are expected to retain growth in years to come.
| Import of Frozen Norway Lobster in Ireland (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| United Kingdom | 5.2 | 2.8 | N/A | 4.6 | -4.0% |
| Spain | 0.1 | N/A | N/A | 1.0 | 115.4% |
| Italy | 0.2 | 0.2 | N/A | 0.2 | 0.0% |
| Others | N/A | 0.1 | N/A | N/A | 0% |
| Total | 5.5 | 3.1 | N/A | 5.7 | 1.2% |
Top Suppliers of Frozen Norway Lobster to Ireland in 2022:
- United Kingdom (403.9 tons)
- Spain (65.4 tons)
- Italy (10.9 tons)
This report provides an in-depth analysis of the frozen norway lobster market in Ireland. 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:
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Ireland
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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