Report Update Nov 1, 2024

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

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Cuba: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Cuba

The Cuban frozen norway lobster market soared to $X in 2021, with an increase of 1,043% against the previous year. In general, consumption, however, recorded a mild slump. Over the period under review, the market hit record highs at $X in 2018; however, from 2019 to 2021, consumption failed to regain momentum.

Frozen Norway Lobster Production in Cuba

In value terms, frozen norway lobster production reached $X in 2021 estimated in export price. Overall, production, however, showed a deep setback. The pace of growth was the most pronounced in 2015 with an increase of 11%. As a result, production attained the peak level of $X. From 2016 to 2021, production growth failed to regain momentum.

Frozen Norway Lobster Exports

Exports from Cuba

In 2021, shipments abroad of frozen norway lobsters decreased by -91.8% to X kg, falling for the second year in a row after two years of growth. In general, exports continue to indicate a relatively flat trend pattern. The pace of growth appeared the most rapid in 2019 with an increase of 2,468% against the previous year. As a result, the exports reached the peak of X tons. From 2020 to 2021, the growth of the exports failed to regain momentum.

In value terms, frozen norway lobster exports declined markedly to $X in 2021. Over the period under review, exports continue to indicate a abrupt shrinkage. The pace of growth appeared the most rapid in 2019 when exports increased by 2,413% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2021, the growth of the exports remained at a lower figure.

Exports by Country

Iceland (X kg) was the main destination for frozen norway lobster exports from Cuba, with a approx. 100% share of total exports.

From 2013 to 2021, the average annual rate of growth in terms of volume to Iceland stood at +436.7%.

In value terms, Iceland ($X) emerged as the key foreign market for frozen norway lobster exports from Cuba.

From 2013 to 2021, the average annual rate of growth in terms of value to Iceland amounted to +304.3%.

Export Prices by Country

The average frozen norway lobster export price stood at $X per ton in 2021, which is down by -4.3% against the previous year. Overall, the export price faced a deep downturn. The pace of growth was the most pronounced in 2020 when the average export price decreased by -2.1% against the previous year. The export price peaked at $X per ton in 2013; however, from 2014 to 2021, the export prices failed to regain momentum.

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

From 2013 to 2021, the rate of growth in terms of prices for Serbia amounted to +4.5% per year.

Frozen Norway Lobster Imports

Imports into Cuba

In 2021, overseas purchases of frozen norway lobsters decreased by -73.6% to X kg, falling for the second year in a row after four years of growth. Over the period under review, imports showed a deep setback. The most prominent rate of growth was recorded in 2016 when imports increased by 573% against the previous year. Imports peaked at X tons in 2019; however, from 2020 to 2021, imports failed to regain momentum.

In value terms, frozen norway lobster imports shrank dramatically to $X in 2021. In general, imports faced a deep reduction. The growth pace was the most rapid in 2016 with an increase of 522% against the previous year. Imports peaked at $X in 2018; however, from 2019 to 2021, imports failed to regain momentum.

Imports by Country

In 2021, Spain (X kg) was the main supplier of frozen norway lobster to Cuba, accounting for a 99% share of total imports. It was followed by Belgium (X kg), with a 1.1% share of total imports.

From 2012 to 2021, the average annual rate of growth in terms of volume from Spain totaled -10.9%.

In value terms, Spain ($X) constituted the largest supplier of frozen norway lobster to Cuba, comprising 96% of total imports. The second position in the ranking was taken by Belgium ($X), with a 4.4% share of total imports.

From 2012 to 2021, the average annual growth rate of value from Spain stood at -10.2%.

Import Prices by Country

In 2021, the average frozen norway lobster import price amounted to $X per ton, reducing by -27.8% against the previous year. Overall, the import price continues to indicate a relatively flat trend pattern. The most prominent rate of growth was recorded in 2020 when the average import price increased by 95% against the previous year. As a result, import price attained the peak level of $X per ton, and then contracted rapidly in the following year.

There were significant differences in the average prices amongst the major supplying countries. In 2021, the country with the highest price was Belgium ($X per ton), while the price for Spain amounted to $X per ton.

From 2012 to 2021, the most notable rate of growth in terms of prices was attained by Belgium (+10.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

China constituted the country with the largest volume of norway lobstersi, even smoked, frozen consumption, accounting for 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. The third position in this ranking was occupied by India, with a 7.7% share.

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

The country with the largest volume of norway lobstersi, even smoked, frozen production was China, 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. The third position in this ranking was occupied by India, with a 7.7% share.

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

In value terms, Spain constituted the largest supplier of norway lobstersi, even smoked, frozen to Cuba.

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

In value terms, Thailand remains the key foreign market for norway lobstersi, even smoked, frozen exports from Cuba.

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

The average export price for norway lobstersi, even smoked, frozen stood at $8,996 per ton in 2020, dropping by -14.4% against the previous year.

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

In 2015, the average import price for norway lobstersi, even smoked, frozen amounted to $21,268 per ton, falling by -8.7% against the previous year.

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

Cuba

Data coverage:

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