United Kingdom - Frozen Norway Lobsters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Norway Lobster Price in the UK - 2023
Contents:
- Frozen Norway Lobster Price in the UK (FOB) - 2023
- Frozen Norway Lobster Price in the UK (CIF) - 2023
- Frozen Norway Lobster Exports in the UK
- Frozen Norway Lobster Imports in the UK
Frozen Norway Lobster Price in the UK (FOB) - 2023
The average frozen norway lobster export price stood at $12,545 per ton in August 2023, falling by -2.5% against the previous month. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in March 2023 when the average export price increased by 13% m-o-m. The export price peaked at $12,868 per ton in July 2023, and then shrank in the following month.
Prices varied noticeably by the country of destination: the country with the highest price was Italy ($13,974 per ton), while the average price for exports to Ireland ($2,436 per ton) was amongst the lowest.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was recorded for supplies to Spain (+1.0%), while the prices for the other major destinations experienced more modest paces of growth.
Frozen Norway Lobster Price in the UK (CIF) - 2023
The average frozen norway lobster import price stood at $2,668 per ton in August 2023, reducing by -34.4% against the previous month. In general, the import price recorded a slight curtailment. The most prominent rate of growth was recorded in July 2023 when the average import price increased by 57% month-to-month. As a result, import price reached the peak level of $4,069 per ton, and then dropped dramatically in the following month.
Average prices varied noticeably amongst the major supplying countries. In August 2023, the country with the highest price was India ($2,605 per ton), while the price for Vietnam stood at $2,149 per ton.
From August 2022 to August 2023, the most notable rate of growth in terms of prices was attained by India (-1.4%).
Frozen Norway Lobster Exports in the UK
In 2022, frozen norway lobster exports from the UK fell to 7.6K tons, declining by -2.4% against the year before. Over the period under review, exports saw a slight shrinkage. The pace of growth was the most pronounced in 2021 with an increase of 61%.
In value terms, frozen norway lobster exports rose rapidly to $92M in 2022. In general, exports, however, recorded a prominent expansion. The pace of growth was the most pronounced in 2021 with an increase of 91%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.
| Export of Frozen Norway Lobster in the UK (Million USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| France | 8.3 | 5.8 | 40.5 | 36.7 | 64.1% |
| Italy | 27.1 | 17.7 | 12.3 | 19.3 | -10.7% |
| Spain | 25.3 | 11.4 | 13.0 | 19.2 | -8.8% |
| Netherlands | 0.1 | 0.1 | 1.9 | 3.6 | 230.2% |
| Croatia | 3.7 | 1.6 | 0.1 | 1.7 | -22.8% |
| Denmark | 2.9 | 2.3 | 6.5 | 1.1 | -27.6% |
| China | 3.4 | 1.6 | 2.0 | 0.1 | -69.1% |
| Others | 5.1 | 2.3 | 5.6 | 10.0 | 25.2% |
| Total | 76.0 | 42.8 | 81.9 | 91.7 | 6.5% |
Top Export Markets for Frozen Norway Lobster from the UK in 2022:
- France (3271.1 tons)
- Spain (1800.0 tons)
- Italy (1360.3 tons)
- Netherlands (277.3 tons)
- Croatia (116.0 tons)
- Denmark (79.2 tons)
- China (12.9 tons)
Frozen Norway Lobster Imports in the UK
For the third year in a row, the UK recorded decline in supplies from abroad of frozen norway lobsters, which decreased by -12.8% to 765 tons in 2022. Over the period under review, imports continue to indicate a abrupt setback.
In value terms, frozen norway lobster imports contracted remarkably to $2.3M in 2022. In general, imports recorded a precipitous descent.
| Import of Frozen Norway Lobster in the UK (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Vietnam | 881 | 954 | 982 | 1,200 | 10.8% |
| India | 880 | 784 | 1,017 | 770 | -4.4% |
| Ireland | 3,502 | 1,070 | 103 | 272 | -57.3% |
| Denmark | 1,658 | 633 | 694 | 22.7 | -76.1% |
| Others | 292 | 354 | 8.4 | 27.3 | -54.6% |
| Total | 7,212 | 3,794 | 2,804 | 2,292 | -31.8% |
Top Suppliers of Frozen Norway Lobster to the UK in 2022:
- Vietnam (436.7 tons)
- India (289.4 tons)
- Ireland (34.3 tons)
- Denmark (2.5 tons)
This report provides an in-depth analysis of the frozen norway lobster market in the UK. 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:
- United Kingdom
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in the UK
- 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
-
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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