Report Update Apr 1, 2024

Vietnam - Frozen Norway Lobsters - Market Analysis, Forecast, Size, Trends and Insights

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Vietnam: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Vietnam

The Vietnamese frozen norway lobster market skyrocketed to $X in 2022, increasing by X% against the previous year. In general, consumption enjoyed a significant expansion. Over the period under review, the market attained the peak level in 2022 and is expected to retain growth in years to come.

Frozen Norway Lobster Production in Vietnam

In value terms, frozen norway lobster production amounted to $X in 2022 estimated in export price. Over the period under review, production, however, recorded a slight shrinkage. The growth pace was the most rapid in 2014 with an increase of X% against the previous year. Over the period under review, production reached the maximum level at $X in 2016; however, from 2017 to 2022, production remained at a lower figure.

Frozen Norway Lobster Exports

Exports from Vietnam

Frozen norway lobster exports from Vietnam dropped slightly to X tons in 2022, waning by X% compared with 2021 figures. Over the period under review, exports continue to indicate a pronounced descent. The pace of growth appeared the most rapid in 2015 when exports increased by X% against the previous year. Over the period under review, the exports attained the maximum at X tons in 2016; however, from 2017 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen norway lobster exports surged to $X in 2022. The total export value increased at an average annual rate of X% over the period from 2012 to 2022; however, the trend pattern remained relatively stable, with only minor fluctuations being observed in certain years. The exports peaked at $X in 2016; afterwards, it flattened through to 2022.

Exports by Country

The UK (X tons) was the main destination for frozen norway lobster exports from Vietnam, accounting for a approx. X% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to the UK amounted to X%.

In value terms, the UK ($X) also remains the key foreign market for frozen norway lobsters exports from Vietnam.

From 2012 to 2022, the average annual growth rate of value to the UK stood at X%.

Export Prices by Country

In 2022, the average frozen norway lobster export price amounted to $X per ton, jumping by X% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of X%. As a result, the export price attained the peak level and is likely to continue growth in the immediate term.

As there is only one major export destination, the average price level is determined by prices for the UK.

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to X% per year.

Frozen Norway Lobster Imports

Imports into Vietnam

After two years of decline, supplies from abroad of frozen norway lobsters increased by X% to X tons in 2022. Overall, imports enjoyed a significant increase. The growth pace was the most rapid in 2018 when imports increased by X%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports remained at a lower figure.

In value terms, frozen norway lobster imports surged to $X in 2022. In general, imports enjoyed a significant increase. The growth pace was the most rapid in 2018 when imports increased by X% against the previous year. Imports peaked at $X in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

Imports by Country

In 2022, France (X tons) was the main frozen norway lobster supplier to Vietnam, accounting for a X% share of total imports. Moreover, frozen norway lobster imports from France exceeded the figures recorded by the second-largest supplier, Spain (X kg), more than tenfold.

From 2015 to 2022, the average annual rate of growth in terms of volume from France stood at X%.

In value terms, France ($X) constituted the largest supplier of frozen norway lobsters to Vietnam, comprising X% of total imports. The second position in the ranking was taken by Spain ($X), with a X% share of total imports.

From 2015 to 2022, the average annual rate of growth in terms of value from France stood at X%.

Import Prices by Country

The average frozen norway lobster import price stood at $X per ton in 2022, growing by X% against the previous year. Overall, the import price, however, saw a relatively flat trend pattern. The pace of growth appeared the most rapid in 2021 an increase of X% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2015; however, from 2016 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was France ($X per ton), while the price for Spain stood at $X per ton.

From 2015 to 2022, the most notable rate of growth in terms of prices was attained by France (X%), while the prices for the other major suppliers experienced a decline.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen norway lobsters in the world?

Italy remains the largest frozen norway lobster consuming country worldwide, accounting for 49% of total volume. Moreover, frozen norway lobster consumption in Italy exceeded the figures recorded by the second-largest consumer, Spain, fourfold. France ranked third in terms of total consumption with a 12% share.

What are the largest producers of frozen norway lobsters in the world?

The countries with the highest volumes of production in 2022 were the UK, Ireland and Denmark, with a combined 77% share of global production. The Netherlands and Vietnam lagged somewhat behind, together accounting for a further 18%.

What are the leading suppliers of frozen norway lobsters to Vietnam?

In value terms, France constituted the largest supplier of frozen norway lobsters to Vietnam, comprising 92% of total imports. The second position in the ranking was held by Spain, with a 7.9% share of total imports.

What are the leading importers of frozen norway lobsters from Vietnam?

In value terms, the UK remains the key foreign market for frozen norway lobsters exports from Vietnam.

What is the average export price for frozen norway lobsters in Vietnam?

In 2022, the average frozen norway lobster export price amounted to $2,834 per ton, increasing by 25% against the previous year.

What is the average import price for frozen norway lobsters in Vietnam?

In 2022, the average frozen norway lobster import price amounted to $12,767 per ton, growing by 7.8% against the previous year.

This report provides an in-depth analysis of the frozen norway lobster market in Vietnam. 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:

Vietnam

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Vietnam
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.

1. INTRODUCTION

Making Data-Driven Decisions to Grow Your Business
1. REPORT DESCRIPTION
2. RESEARCH METHODOLOGY AND AI PLATFORM
3. DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
4. GLOSSARY AND SPECIFIC TERMS
2. EXECUTIVE SUMMARY

A Quick Overview of Market Performance
1. KEY FINDINGS
2. MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
3. MARKET OVERVIEW

Understanding the Current State of The Market and Its Prospects
1. MARKET SIZE
2. MARKET STRUCTURE
3. TRADE BALANCE
4. PER CAPITA CONSUMPTION
5. MARKET FORECAST TO 2030
4. MOST PROMISING PRODUCT

Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO
1. TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
2. BEST-SELLING PRODUCTS
3. MOST CONSUMED PRODUCT
4. MOST TRADED PRODUCT
5. MOST PROFITABLE PRODUCT FOR EXPORT
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
1. TOP COUNTRIES TO SOURCE YOUR PRODUCT
2. TOP PRODUCING COUNTRIES
3. TOP EXPORTING COUNTRIES
4. LOW-COST EXPORTING COUNTRIES
6. MOST PROMISING OVERSEAS MARKETS

Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO
1. TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
2. TOP CONSUMING MARKETS
3. UNSATURATED MARKETS
4. TOP IMPORTING MARKETS
5. MOST PROFITABLE MARKETS
7. PRODUCTION

The Latest Trends and Insights into The Industry
1. PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2023
2. EXPORTS BY COUNTRY
3. EXPORT PRICES BY COUNTRY
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
1. Key Findings In 2023
2. Market Volume, In Physical Terms, 2012–2023
3. Market Value, 2012–2023
4. Per Capita Consumption In 2012-2023
5. Imports, In Physical Terms, By Country, 2012–2023
6. Imports, In Value Terms, By Country, 2012–2023
7. Import Prices, By Country Of Origin, 2012–2023
8. Exports, In Physical Terms, By Country, 2012–2023
9. Exports, In Value Terms, By Country, 2012–2023
10. Export Prices, By Country Of Destination, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
5. Trade Balance, In Physical Terms, 2012-2023
6. Trade Balance, In Value Terms, 2012-2023
7. Per Capita Consumption, 2012-2023
8. Market Volume Forecast to 2030
9. Market Value Forecast to 2030
10. Products: Market Size And Growth, By Type
11. Products: Average Per Capita Consumption, By Type
12. Products: Exports And Growth, By Type
13. Products: Export Prices And Growth, By Type
14. Production Volume And Growth
15. Exports And Growth
16. Export Prices And Growth
17. Market Size And Growth
18. Per Capita Consumption
19. Imports And Growth
20. Import Prices
21. Production, In Physical Terms, 2012–2023
22. Production, In Value Terms, 2012–2023
23. Imports, In Physical Terms, 2012–2023
24. Imports, In Value Terms, 2012–2023
25. Imports, In Physical Terms, By Country, 2023
26. Imports, In Physical Terms, By Country, 2012–2023
27. Imports, In Value Terms, By Country, 2012–2023
28. Import Prices, By Country Of Origin, 2012–2023
29. Exports, In Physical Terms, 2012–2023
30. Exports, In Value Terms, 2012–2023
31. Exports, In Physical Terms, By Country, 2023
32. Exports, In Physical Terms, By Country, 2012–2023
33. Exports, In Value Terms, By Country, 2012–2023
34. Export Prices, By Country Of Destination, 2012–2023