Austria: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Austria

The Austrian frozen norway lobster market soared to $X in 2022, rising by 63% 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 enjoyed pronounced growth. Frozen norway lobster consumption peaked in 2022 and is likely to continue 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; waning by -61.8% against the previous year. In general, exports, however, posted resilient growth. The pace of growth was the most pronounced in 2016 when exports increased by 347% against the previous year. Over the period under review, the exports reached the maximum at X tons in 2021, and then fell significantly in the following year.

In value terms, frozen norway lobster exports dropped markedly to $X in 2022. Over the period under review, exports, however, continue to indicate buoyant growth. The pace of growth was the most pronounced in 2021 with an increase of 511% against the previous year. As a result, the exports attained the peak of $X, and then reduced sharply 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 biggest increases were recorded for Germany (with a CAGR of +22.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Germany ($X) remains the key foreign market for frozen norway lobsters exports from Austria, comprising 55% of total exports. The second position in the ranking was held by Slovenia ($X), with a 25% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Germany stood at +17.9%. Exports to the other major destinations recorded the following average annual rates of exports growth: Slovenia (+20.6% per year) and Slovakia (+15.7% per year).

Export Prices by Country

The average frozen norway lobster export price stood at $X per ton in 2022, declining by -20.9% against the previous year. Over the period under review, export price indicated a pronounced increase from 2012 to 2022: its price increased at an average annual rate of +2.1% 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 export price increased by +38.7% against 2019 indices. The pace of growth appeared the most rapid in 2021 an increase of 61%. As a result, the export price reached the peak level of $X per ton, and then fell dramatically 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 Slovenia (+20.0%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Norway Lobster Imports

Imports into Austria

Frozen norway lobster imports into Austria soared to X tons in 2022, increasing by 31% against the year before. In general, imports, however, recorded a relatively flat trend pattern. The pace of growth appeared the most rapid in 2016 when imports increased by 99%. 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 soared to $X in 2022. Overall, imports posted a perceptible increase. The pace of growth was the most pronounced in 2016 when imports increased by 132%. Imports peaked in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Germany (X tons), France (X tons) and Italy (X tons) were the main suppliers of frozen norway lobster imports to Austria, together comprising 66% of total imports. The Netherlands, Hungary, Denmark, Portugal and the Czech Republic lagged somewhat behind, together comprising a further 32%.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by Hungary (with a CAGR of +211.1%), while imports 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), with a combined 72% share of total imports. Denmark, the Netherlands, Portugal, Hungary and the Czech Republic lagged somewhat behind, together comprising a further 24%.

Among the main suppliers, Hungary, with a CAGR of +194.7%, 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

In 2022, the average frozen norway lobster import price amounted to $X per ton, increasing by 11% against the previous year. In general, import price indicated tangible growth from 2012 to 2022: its price increased at an average annual rate of +4.6% 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 +31.4% against 2020 indices. The most prominent rate of growth was recorded in 2021 an increase of 19%. Over the period under review, average import prices attained the maximum in 2022 and is expected to retain growth in the near future.

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 Portugal (+13.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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