Greece: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Greece

In 2022, the Greek frozen norway lobster market increased by X% to $X, rising for the fourth year in a row after two years of decline. Overall, consumption recorded perceptible growth. Over the period under review, the market reached the maximum level in 2022 and is expected to retain growth in the immediate term.

Frozen Norway Lobster Production in Greece

In value terms, frozen norway lobster production dropped to $X in 2022 estimated in export price. Over the period under review, production showed a significant increase. The most prominent rate of growth was recorded in 2018 with an increase of X%. Frozen norway lobster production peaked at $X in 2019; however, from 2020 to 2022, production failed to regain momentum.

Frozen Norway Lobster Exports

Exports from Greece

In 2022, shipments abroad of frozen norway lobsters increased by X% to X tons, rising for the second year in a row after two years of decline. Over the period under review, exports enjoyed significant growth. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. Over the period under review, the exports hit record highs in 2022 and are likely to see steady growth in years to come.

In value terms, frozen norway lobster exports soared to $X in 2022. In general, exports recorded a significant expansion. The most prominent rate of growth was recorded in 2013 with an increase of X%. Over the period under review, the exports reached the peak figure in 2022 and are expected to retain growth in the near future.

Exports by Country

Albania (X tons), Austria (X tons) and Germany (X tons) were the main destinations of frozen norway lobster exports from Greece, together comprising X% of total exports.

From 2012 to 2022, the biggest increases were recorded for Germany (with a CAGR of X.9%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Albania ($X), Bulgaria ($X) and Germany ($X) were the largest markets for frozen norway lobster exported from Greece worldwide, with a combined X% share of total exports.

Germany, with a CAGR of X.5%, saw the highest rates of growth with regard to the value of exports, in terms of the main countries of destination over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2022, the average frozen norway lobster export price amounted to $X per ton, waning by X% against the previous year. In general, the export price, however, posted modest growth. The growth pace was the most rapid in 2019 when the average export price increased by X% against the previous year. The export price peaked at $X per ton in 2015; however, from 2016 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Bulgaria ($X per ton), while the average price for exports to Austria ($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 Albania (X%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Norway Lobster Imports

Imports into Greece

In 2022, the amount of frozen norway lobsters imported into Greece skyrocketed to X tons, jumping by X% compared with the previous year. Over the period under review, imports recorded resilient growth. The growth pace was the most rapid in 2021 with an increase of X% against the previous year. Over the period under review, imports hit record highs in 2022 and are likely to continue growth in the near future.

In value terms, frozen norway lobster imports soared to $X in 2022. Overall, imports enjoyed a strong increase. The growth pace was the most rapid in 2021 with an increase of X%. Imports peaked in 2022 and are likely to see gradual growth in the immediate term.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of frozen norway lobster to Greece, accounting for a X% share of total imports. Moreover, frozen norway lobster imports from Denmark exceeded the figures recorded by the second-largest supplier, Portugal (X tons), twofold. The Netherlands (X tons) ranked third in terms of total imports with a X% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark stood at X%. The remaining supplying countries recorded the following average annual rates of imports growth: Portugal (X% per year) and the Netherlands (X% per year).

In value terms, Denmark ($X) constituted the largest supplier of frozen norway lobsters to Greece, comprising X% of total imports. The second position in the ranking was held by the Netherlands ($X), with a X% share of total imports. It was followed by Spain, with an X% share.

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

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, the import price, however, continues to indicate a pronounced decrease. The most prominent rate of growth was recorded in 2014 an increase of X% against the previous year. As a result, import price attained the peak level of $X per ton. From 2015 to 2022, the average import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was the Netherlands ($X per ton), while the price for Ireland ($X per ton) was amongst the lowest.

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

Source: IndexBox Platform

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