Argentina: Frozen Lobster Market 2025

Frozen Lobster Market Size in Argentina

In 2022, the Argentinian frozen lobster market decreased by 0% to less than $X, falling for the third consecutive year after six years of growth. In general, consumption enjoyed a significant expansion. Frozen lobster consumption peaked at $X in 2019; however, from 2020 to 2022, consumption remained at a lower figure.

Frozen Lobster Production in Argentina

In value terms, frozen lobster production surged to $X in 2022 estimated in export price. Overall, production showed significant growth. Frozen lobster production peaked at $X in 2020; however, from 2021 to 2022, production remained at a lower figure.

Frozen Lobster Exports

Exports from Argentina

For the fourth consecutive year, Argentina recorded growth in shipments abroad of frozen lobster, which increased by 1,889% to X tons in 2020. In general, exports saw significant growth. As a result, the exports attained the peak and are likely to continue growth in the immediate term.

In value terms, frozen lobster exports soared to $X in 2020. Over the period under review, exports saw a significant increase. As a result, the exports reached the peak and are likely to continue growth in the immediate term.

Exports by Country

Spain (X tons) was the main destination for frozen lobster exports from Argentina, accounting for a 75% share of total exports. Moreover, frozen lobster exports to Spain exceeded the volume sent to the second major destination, Italy (X kg), ninefold.

From 2012 to 2020, the average annual rate of growth in terms of volume to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (0.0% per year) and Switzerland (0.0% per year).

In value terms, Spain ($X) emerged as the key foreign market for frozen lobster exports from Argentina, comprising 60% of total exports. The second position in the ranking was taken by Switzerland ($X), with a 27% share of total exports.

From 2012 to 2020, the average annual rate of growth in terms of value to Spain was relatively modest. Exports to the other major destinations recorded the following average annual rates of exports growth: Switzerland (0.0% per year) and Italy (0.0% per year).

Export Prices by Country

The average frozen lobster export price stood at $X per ton in 2020, reducing by -8% against the previous year. In general, the export price, however, enjoyed a pronounced expansion. The most prominent rate of growth was recorded in 2017 an increase of 28% against the previous year. The export price peaked at $X per ton in 2018; however, from 2019 to 2020, the export prices failed to regain momentum.

There were significant differences in the average prices for the major overseas markets. In 2020, amid the top suppliers, the country with the highest price was Switzerland ($X per ton), while the average price for exports to Spain ($X per ton) was amongst the lowest.

From 2012 to 2020, the most notable rate of growth in terms of prices was recorded for supplies to Sweden (0.0%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Lobster Imports

Imports into Argentina

In 2022, after two years of decline, there was growth in supplies from abroad of frozen lobster, when their volume increased by 3.8% to X tons. Over the period under review, imports recorded prominent growth. The pace of growth appeared the most rapid in 2016 with an increase of 1,775%. Over the period under review, imports attained the maximum at X tons in 2019; however, from 2020 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen lobster imports contracted slightly to $X in 2022. Overall, imports saw significant growth. The pace of growth appeared the most rapid in 2016 when imports increased by 1,437% against the previous year. Over the period under review, imports attained the peak figure at $X in 2021, and then contracted slightly in the following year.

Imports by Country

In 2022, Germany (X kg) constituted the largest supplier of frozen lobster to Argentina, with a 49% share of total imports. Moreover, frozen lobster imports from Germany exceeded the figures recorded by the second-largest supplier, the United States (X kg), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume from Germany stood at +14.1%.

In value terms, Germany ($X) constituted the largest supplier of frozen lobster to Argentina, comprising 48% of total imports. The second position in the ranking was held by the United States ($X), with a 3.3% share of total imports.

From 2012 to 2022, the average annual growth rate of value from Germany totaled +17.2%.

Import Prices by Country

In 2022, the average frozen lobster import price amounted to $X per ton, dropping by -8.1% against the previous year. In general, import price indicated moderate growth from 2012 to 2022: its price increased at an average annual rate of +3.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen lobster import price increased by +81.0% against 2017 indices. The pace of growth was the most pronounced in 2020 when the average import price increased by 34%. The import price peaked at $X per ton in 2021, and then dropped in the following year.

Average prices varied somewhat amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the United States ($X per ton), while the price for Germany totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+7.9%).

Source: IndexBox Platform

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