Austria: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Austria

The Austrian frozen norway lobster market skyrocketed to $X in 2022, growing by X% against the previous year. This figure reflects the total revenues of producers and importers (excluding logistics costs, retail marketing costs, and retailers' margins, which will be included in the final consumer price). In general, consumption showed a pronounced expansion. Frozen norway lobster consumption peaked in 2022 and is expected to retain growth in the near future.

Frozen Norway Lobster Exports

Exports from Austria

In 2022, approx. X tons of frozen norway lobsters were exported from Austria; dropping by X% against 2021 figures. In general, exports, however, showed strong growth. The most prominent rate of growth was recorded in 2016 with an increase of X%. The exports peaked at X tons in 2021, and then contracted notably in the following year.

In value terms, frozen norway lobster exports reduced remarkably to $X in 2022. Overall, exports, however, continue to indicate a resilient increase. The most prominent rate of growth was recorded in 2021 when exports increased by X%. As a result, the exports attained the peak of $X, and then contracted markedly in the following year.

Exports by Country

Germany (X kg), Slovakia (X kg) and Slovenia (X kg) were the main destinations of frozen norway lobster exports from Austria.

From 2012 to 2022, the most notable rate of growth in terms of shipments, amongst the main countries of destination, was attained by Germany (with a CAGR of X%), while the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for frozen norway lobsters exports from Austria, comprising X% of total exports. The second position in the ranking was taken by Slovenia ($X), with a X% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (X% per year) and Slovakia (X% per year).

Export Prices by Country

The average frozen norway lobster export price stood at $X per ton in 2022, falling by X% against the previous year. Over the period under review, the export price, however, showed a relatively flat trend pattern. The pace of growth was the most pronounced in 2021 an increase of X%. As a result, the export price attained the peak level of $X per ton, and then fell remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovenia ($X per ton), while the average price for exports to Slovakia ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hungary (X%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Norway Lobster Imports

Imports into Austria

In 2022, the amount of frozen norway lobsters imported into Austria soared to X tons, picking up by X% compared with 2021. In general, imports, however, recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of X%. Imports peaked at X tons in 2012; however, from 2013 to 2022, imports remained at a lower figure.

In value terms, frozen norway lobster imports skyrocketed to $X in 2022. Overall, imports continue to indicate noticeable growth. The pace of growth was the most pronounced in 2016 when imports increased by X% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the near future.

Imports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main suppliers of frozen norway lobster imports to Austria, with a combined X% share of total imports. The Netherlands, Hungary, Denmark, Portugal and the Czech Republic lagged somewhat behind, together accounting for a further X%.

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

In value terms, the largest frozen norway lobster suppliers to Austria were Germany ($X), France ($X) and Italy ($X), together comprising X% of total imports. Denmark, the Netherlands, Portugal, Hungary and the Czech Republic lagged somewhat behind, together comprising a further X%.

In terms of the main suppliers, Hungary, with a CAGR of X%, recorded the highest growth rate of 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, with an increase of X% against the previous year. Over the period under review, import price indicated measured 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 import price increased by X% against 2020 indices. The most prominent rate of growth was recorded in 2021 when the average import price increased by X%. Over the period under review, average import prices hit record highs in 2022 and is expected to retain growth in the immediate term.

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 ($X per ton), while the price for Hungary ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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