Czech Republic: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in the Czech Republic

The Czech frozen norway lobster market rose rapidly to $X in 2022, with an increase of 14% 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). Over the period under review, consumption, however, saw a remarkable increase. As a result, consumption attained the peak level of $X. From 2016 to 2022, the growth of the market failed to regain momentum.

Frozen Norway Lobster Exports

Exports from the Czech Republic

In 2022, frozen norway lobster exports from the Czech Republic declined markedly to X kg, with a decrease of -20.5% on the year before. In general, exports saw a deep setback. The most prominent rate of growth was recorded in 2019 when exports increased by 756%. As a result, the exports attained the peak of X tons. From 2020 to 2022, the growth of the exports remained at a somewhat lower figure.

In value terms, frozen norway lobster exports declined notably to $X in 2022. Overall, exports recorded a perceptible decline. The pace of growth was the most pronounced in 2019 when exports increased by 718% against the previous year. As a result, the exports reached the peak of $X. From 2020 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Slovakia (X kg) was the main destination for frozen norway lobster exports from the Czech Republic, accounting for a 67% share of total exports. Moreover, frozen norway lobster exports to Slovakia exceeded the volume sent to the second major destination, Denmark (X kg), twofold.

From 2012 to 2022, the average annual growth rate of volume to Slovakia stood at -3.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (0.0% per year) and Hungary (-21.9% per year).

In value terms, Slovakia ($X) remains the key foreign market for frozen norway lobsters exports from the Czech Republic, comprising 79% of total exports. The second position in the ranking was taken by Denmark ($X), with an 18% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Slovakia stood at -4.0%. Exports to the other major destinations recorded the following average annual rates of exports growth: Denmark (0.0% per year) and Hungary (-21.5% per year).

Export Prices by Country

The average frozen norway lobster export price stood at $X per ton in 2022, shrinking by -34.7% against the previous year. Overall, the export price, however, showed measured growth. The most prominent rate of growth was recorded in 2014 when the average export price increased by 123%. Over the period under review, the average export prices attained the peak figure at $X per ton in 2021, and then declined remarkably in the following year.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Slovakia ($X per ton), while the average price for exports to Denmark ($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 Lithuania (+15.8%), while the prices for the other major destinations experienced mixed trend patterns.

Frozen Norway Lobster Imports

Imports into the Czech Republic

Frozen norway lobster imports into the Czech Republic contracted to X tons in 2022, with a decrease of -10.3% on the previous year's figure. In general, imports, however, continue to indicate resilient growth. The pace of growth was the most pronounced in 2015 with an increase of 237%. As a result, imports reached the peak of X tons. From 2016 to 2022, the growth of imports failed to regain momentum.

In value terms, frozen norway lobster imports expanded notably to $X in 2022. Over the period under review, imports, however, showed buoyant growth. The growth pace was the most rapid in 2015 when imports increased by 187% against the previous year. As a result, imports attained the peak of $X. From 2016 to 2022, the growth of imports failed to regain momentum.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of frozen norway lobster to the Czech Republic, with a 74% share of total imports. Moreover, frozen norway lobster imports from Denmark exceeded the figures recorded by the second-largest supplier, Spain (X kg), fourfold. The third position in this ranking was held by Italy (X kg), with a 6.4% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark totaled +6.6%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (0.0% per year) and Italy (-3.5% per year).

In value terms, Denmark ($X), Spain ($X) and Italy ($X) appeared to be the largest frozen norway lobster suppliers to the Czech Republic, with a combined 98% share of total imports.

Denmark, with a CAGR of +3.8%, recorded the highest rates of growth with regard to the value of imports, in terms of the main suppliers 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 25% against the previous year. In general, the import price, however, continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2020 an increase of 46%. As a result, import price attained the peak level of $X per ton. From 2021 to 2022, the average import prices remained at a somewhat lower figure.

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 Spain ($X per ton), while the price for the Netherlands ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the UK (+3.1%), while the prices for the other major suppliers experienced mixed trend patterns.

Source: IndexBox Platform

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