Report Update Nov 1, 2024

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

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Australia: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Australia

In 2022, the Australian frozen norway lobster market was finally on the rise to reach $X for the first time since 2019, thus ending a two-year declining trend. Overall, consumption posted resilient growth. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Norway Lobster Production in Australia

In value terms, frozen norway lobster production soared to $X in 2022 estimated in export price. Overall, production posted significant growth. Frozen norway lobster production peaked at $X in 2020; however, from 2021 to 2022, production stood at a somewhat lower figure.

Frozen Norway Lobster Exports

Exports from Australia

In 2022, after three years of growth, there was significant decline in overseas shipments of frozen norway lobsters, when their volume decreased by -81.2% to X tons. Over the period under review, exports, however, saw a significant expansion. The pace of growth appeared the most rapid in 2020 with an increase of 1,407% against the previous year. The exports peaked at X tons in 2021, and then contracted sharply in the following year.

In value terms, frozen norway lobster exports fell significantly to $X in 2022. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2020 with an increase of 916% against the previous year. The exports peaked at $X in 2021, and then fell remarkably in the following year.

Exports by Country

China (X tons) was the main destination for frozen norway lobster exports from Australia, with a 92% share of total exports. Moreover, frozen norway lobster exports to China exceeded the volume sent to the second major destination, Hong Kong SAR (X kg), more than tenfold.

From 2019 to 2022, the average annual growth rate of volume to China stood at +164.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+169.8% per year) and Singapore (+215.8% per year).

In value terms, China ($X) remains the key foreign market for frozen norway lobsters exports from Australia, comprising 89% of total exports. The second position in the ranking was held by Hong Kong SAR ($X), with an 8.8% share of total exports.

From 2019 to 2022, the average annual growth rate of value to China stood at +157.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Hong Kong SAR (+169.6% per year) and Singapore (+211.5% per year).

Export Prices by Country

In 2022, the average frozen norway lobster export price amounted to $X per ton, rising by 31% against the previous year. In general, the export price, however, recorded a perceptible decline. Over the period under review, the average export prices hit record highs at $X per ton in 2019; however, from 2020 to 2022, the export prices remained at a lower figure.

Average prices varied somewhat for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Hong Kong SAR ($X per ton), while the average price for exports to China ($X per ton) was amongst the lowest.

From 2019 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Hong Kong SAR (-0.1%), while the prices for the other major destinations experienced a decline.

Frozen Norway Lobster Imports

Imports into Australia

In 2022, approx. X tons of frozen norway lobsters were imported into Australia; growing by 14,329% compared with 2021 figures. In general, imports showed a significant increase. Imports peaked at X tons in 2016; however, from 2017 to 2022, imports remained at a lower figure.

In value terms, frozen norway lobster imports surged to $X in 2022. Overall, imports posted a significant increase. Imports peaked at $X in 2016; however, from 2017 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the UK (X tons) was the main supplier of frozen norway lobster to Australia, with a approx. 99% share of total imports.

From 2012 to 2022, the average annual growth rate of volume from the UK stood at +51.2%.

In value terms, the UK ($X) constituted the largest supplier of frozen norway lobsters to Australia.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to +41.0%.

Import Prices by Country

The average frozen norway lobster import price stood at $X per ton in 2022, reducing by -83.6% against the previous year. In general, the import price recorded a abrupt setback. The pace of growth appeared the most rapid in 2016 an increase of 53% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices remained at a lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Denmark amounted to -1.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for norway lobstersi, even smoked, frozen in the world?

The country with the largest volume of norway lobstersi, even smoked, frozen consumption was China, comprising approx. 18% of total volume. Moreover, norway lobstersi, even smoked, frozen consumption in China exceeded the figures recorded by the second-largest consumer, the United States, twofold. India ranked third in terms of total consumption with a 7.7% share.

What are the largest producers of norway lobstersi, even smoked, frozen in the world?

China constituted the country with the largest volume of norway lobstersi, even smoked, frozen production, comprising approx. 18% of total volume. Moreover, norway lobstersi, even smoked, frozen production in China exceeded the figures recorded by the second-largest producer, the United States, twofold. India ranked third in terms of total production with a 7.7% share.

What are the leading suppliers of norway lobstersi, even smoked, frozen to Australia?

In value terms, Denmark constituted the largest supplier of norway lobstersi, even smoked, frozen to Australia, comprising 70% of total imports. The second position in the ranking was occupied by Ireland, with a 29% share of total imports.

What are the leading importers of norway lobstersi, even smoked, frozen from Australia?

In value terms, China remains the key foreign market for norway lobstersi, even smoked, frozen exports from Australia, comprising 72% of total exports. The second position in the ranking was occupied by Singapore, with a 19% share of total exports.

What is the average export price for norway lobstersi, even smoked, frozen in Australia?

In 2020, the average export price for norway lobstersi, even smoked, frozen amounted to $20,388 per ton, shrinking by -31.9% against the previous year.

What is the average import price for norway lobstersi, even smoked, frozen in Australia?

The average import price for norway lobstersi, even smoked, frozen stood at $11,915 per ton in 2020, shrinking by -7.1% against the previous year.

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

Australia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Australia
Export and import prices
Market trends, drivers and restraints
Key market players and their profiles

Reasons to buy this report:

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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
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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