Estonia: Frozen Lobster Market 2025

Frozen Lobster Market Size in Estonia

The Estonian frozen lobster market surged to $X in 2022, picking up by 88% 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). Overall, consumption, however, saw a sharp contraction. Frozen lobster consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Frozen Lobster Exports

Exports from Estonia

In 2022, shipments abroad of frozen lobster was finally on the rise to reach X kg after three years of decline. In general, exports enjoyed a remarkable increase. The growth pace was the most rapid in 2017 when exports increased by 428% against the previous year. The exports peaked at X kg in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen lobster exports skyrocketed to $X in 2022. Overall, exports enjoyed a prominent expansion. The most prominent rate of growth was recorded in 2017 when exports increased by 752% against the previous year. Over the period under review, the exports reached the maximum at $X in 2018; however, from 2019 to 2022, the exports stood at a somewhat lower figure.

Exports by Country

Latvia (X kg) was the main destination for frozen lobster exports from Estonia, accounting for a approx. 100% share of total exports.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia totaled +17.0%.

In value terms, Latvia ($X) also remains the key foreign market for frozen lobster exports from Estonia.

From 2012 to 2022, the average annual growth rate of value to Latvia totaled +18.8%.

Export Prices by Country

The average frozen lobster export price stood at $X per ton in 2022, surging by 27% against the previous year. Overall, export price indicated a modest expansion from 2012 to 2022: its price increased at an average annual rate of +1.6% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The most prominent rate of growth was recorded in 2017 an increase of 61%. Over the period under review, the average export prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, the export prices stood at a somewhat lower figure.

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

From 2012 to 2022, the rate of growth in terms of prices for Latvia amounted to +1.6% per year.

Frozen Lobster Imports

Imports into Estonia

In 2022, approx. X tons of frozen lobster were imported into Estonia; growing by 93% compared with the previous year. In general, imports, however, recorded a dramatic curtailment. The most prominent rate of growth was recorded in 2014 with an increase of 352% against the previous year. Over the period under review, imports attained the maximum at X tons in 2012; however, from 2013 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen lobster imports skyrocketed to $X in 2022. Overall, imports, however, saw a abrupt descent. The pace of growth appeared the most rapid in 2014 when imports increased by 328%. Over the period under review, imports reached the maximum at $X in 2012; however, from 2013 to 2022, imports remained at a lower figure.

Imports by Country

In 2022, the Netherlands (X tons) constituted the largest frozen lobster supplier to Estonia, accounting for a 74% share of total imports. Moreover, frozen lobster imports from the Netherlands exceeded the figures recorded by the second-largest supplier, Canada (X kg), sixfold. The third position in this ranking was held by Denmark (X kg), with a 7.1% share.

From 2012 to 2022, the average annual growth rate of volume from the Netherlands totaled +25.3%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+25.7% per year) and Denmark (-43.6% per year).

In value terms, the Netherlands ($X) constituted the largest supplier of frozen lobster to Estonia, comprising 66% of total imports. The second position in the ranking was held by Canada ($X), with a 17% share of total imports. It was followed by Chile, with a 5.7% share.

From 2012 to 2022, the average annual growth rate of value from the Netherlands totaled +19.9%. The remaining supplying countries recorded the following average annual rates of imports growth: Canada (+20.7% per year) and Chile (+37.3% per year).

Import Prices by Country

The average frozen lobster import price stood at $X per ton in 2022, reducing by -13.3% against the previous year. In general, import price indicated a strong expansion from 2012 to 2022: its price increased at an average annual rate of +10.8% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen lobster import price increased by +14.3% against 2018 indices. The pace of growth was the most pronounced in 2013 an increase of 207%. The import price peaked at $X per ton in 2017; however, from 2018 to 2022, import prices remained at a lower figure.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was France ($X per ton), while the price for Lithuania ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Sweden (+14.8%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform