Report Update Nov 1, 2024

Bangladesh - Frozen Lobster - Market Analysis, Forecast, Size, Trends and Insights

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Bangladesh: Frozen Lobster Market 2024

Frozen Lobster Market Size in Bangladesh

The Bangladeshi frozen lobster market dropped markedly to $X in 2022, with a decrease of -16.5% against the previous year. Over the period under review, consumption, however, recorded a buoyant increase. Over the period under review, the market reached the maximum level at $X in 2021, and then shrank notably in the following year.

Frozen Lobster Production in Bangladesh

In value terms, frozen lobster production dropped to $X in 2022 estimated in export price. Over the period under review, production, however, showed a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 36%. Over the period under review, production reached the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Frozen Lobster Exports

Exports from Bangladesh

In 2022, the amount of frozen lobster exported from Bangladesh skyrocketed to X kg, jumping by 365% on 2021. In general, exports, however, showed a abrupt shrinkage. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

In value terms, frozen lobster exports soared to $X in 2022. Over the period under review, exports, however, showed a abrupt contraction. Over the period under review, the exports attained the peak figure at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

Kuwait (X kg) was the main destination for frozen lobster exports from Bangladesh, with a 72% share of total exports. Moreover, frozen lobster exports to Kuwait exceeded the volume sent to the second major destination, France (X kg), fivefold. Estonia (X kg) ranked third in terms of total exports with an 8.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume to Kuwait amounted to +45.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: France (+8.4% per year) and Estonia (+14.6% per year).

In value terms, France ($X) remains the key foreign market for frozen lobster exports from Bangladesh, comprising 61% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 28% share of total exports. It was followed by Estonia, with a 5.9% share.

From 2012 to 2022, the average annual growth rate of value to France totaled +22.5%. Exports to the other major destinations recorded the following average annual rates of exports growth: Kuwait (+27.2% per year) and Estonia (+3.4% per year).

Export Prices by Country

The average frozen lobster export price stood at $X per ton in 2022, reducing by -28.1% against the previous year. In general, the export price continues to indicate a pronounced decline. The pace of growth was the most pronounced in 2015 when the average export price increased by 22%. Over the period under review, the average export prices reached the peak figure at $X per ton in 2016; however, from 2017 to 2022, the export prices remained at a lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Kuwait ($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 France (+13.0%), while the prices for the other major destinations experienced more modest paces of growth.

Frozen Lobster Imports

Imports into Bangladesh

Frozen lobster imports into Bangladesh stood at X kg in 2015, flattening at 2014 figures. Over the period under review, imports continue to indicate a relatively flat trend pattern. The smallest decline of -22.2% was in 2013. Over the period under review, imports attained the maximum in 2015 and are likely to continue growth in the near future.

In value terms, frozen lobster imports stood at $X in 2015. Overall, imports showed a strong expansion. The smallest decline of -16.9% was in 2013. Over the period under review, imports attained the maximum in 2015 and are expected to retain growth in the near future.

Imports by Country

In 2015, Malaysia (X kg) was the main supplier of frozen lobster to Bangladesh, with a approx. 100% share of total imports.

From 2012 to 2015, the average annual growth rate of volume from Malaysia was relatively modest.

In value terms, Malaysia ($X) constituted the largest supplier of frozen lobster to Bangladesh.

From 2012 to 2015, the average annual rate of growth in terms of value from Malaysia was relatively modest.

Import Prices by Country

The average frozen lobster import price stood at $X per ton in 2015, stabilizing at the previous year. Over the period under review, the import price showed a buoyant increase. The growth pace was the most rapid in 2013 when the average import price increased by 6.9%. The import price peaked in 2015 and is likely to continue growth in the near future.

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

From 2012 to 2015, the rate of growth in terms of prices for Indonesia amounted to +6.9% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen lobster in the world?

The United States constituted the country with the largest volume of frozen lobster consumption, accounting for 45% of total volume. Moreover, frozen lobster consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, threefold. The third position in this ranking was occupied by China, with a 5.6% share.

What are the largest producers of frozen lobster in the world?

Canada remains the largest frozen lobster producing country worldwide, accounting for 89% of total volume. It was followed by India, with a 2.3% share of total production.

What are the leading suppliers of frozen lobster to Bangladesh?

In value terms, Malaysia $99) constituted the largest supplier of frozen lobster to Bangladesh.

What are the leading importers of frozen lobster from Bangladesh?

In value terms, France $478) remains the key foreign market for frozen lobster exports from Bangladesh, comprising 59% of total exports. The second position in the ranking was occupied by Kuwait $235), with a 29% share of total exports. It was followed by Singapore, with a 7.8% share.

What is the average export price for frozen lobster in Bangladesh?

The average frozen lobster export price stood at $8,783 per ton in 2021, declining by -14.5% against the previous year.

What is the average import price for frozen lobster in Bangladesh?

In 2015, the average frozen lobster import price amounted to $11,000 per ton, therefore, remained relatively stable against the previous year.

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

Bangladesh

Data coverage:

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

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How to diversify your business and benefit from new market opportunities
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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