Europe: Frozen Lobster Market 2025

Frozen Lobster Market Size in Europe

The Europe frozen lobster market soared to $X in 2022, growing by 32% against the previous year. Overall, consumption saw a resilient expansion. As a result, consumption attained the peak level and is likely to continue growth in the immediate term.

Frozen Lobster Production in Europe

In value terms, frozen lobster production contracted to $X in 2022 estimated in export price. In general, production, however, continues to indicate a pronounced reduction. The most prominent rate of growth was recorded in 2016 with an increase of 12%. Over the period under review, production reached the peak level at $X in 2013; however, from 2014 to 2022, production stood at a somewhat lower figure.

Frozen Lobster Exports

Exports in Europe

In 2022, frozen lobster exports in Europe shrank to X tons, with a decrease of -10.1% compared with the year before. Total exports indicated tangible growth from 2012 to 2022: its volume 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, exports increased by +30.7% against 2020 indices. The pace of growth was the most pronounced in 2021 with an increase of 45%. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports stood at a somewhat lower figure.

In value terms, frozen lobster exports totaled $X in 2022. Total exports indicated buoyant growth from 2012 to 2022: its value increased at an average annual rate of +8.5% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, exports increased by +81.5% against 2020 indices. The pace of growth appeared the most rapid in 2021 with an increase of 77%. Over the period under review, the exports hit record highs in 2022 and are likely to see gradual growth in the immediate term.

Exports by Country

In 2022, France (X tons), the Netherlands (X tons), Denmark (X tons), Spain (X tons), Belgium (X tons) and Germany (X tons) represented the largest exporter of frozen lobster in Europe, committing 92% of total export. Ireland (X tons) took a little share of total exports.

From 2012 to 2022, the biggest increases were recorded for Spain (with a CAGR of +20.2%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, France ($X), the Netherlands ($X) and Denmark ($X) constituted the countries with the highest levels of exports in 2022, together comprising 65% of total exports. Belgium, Spain, Germany and Ireland lagged somewhat behind, together comprising a further 30%.

Spain, with a CAGR of +27.1%, recorded the highest growth rate of the value of exports, in terms of the main exporting countries over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

The export price in Europe stood at $X per ton in 2022, increasing by 14% against the previous year. Export price indicated a remarkable increase from 2012 to 2022: its price increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen lobster export price increased by +38.9% against 2020 indices. The growth pace was the most rapid in 2021 when the export price increased by 22% against the previous year. The level of export peaked in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Belgium ($X per ton), while Spain ($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 Netherlands (+9.6%), while the other leaders experienced more modest paces of growth.

Frozen Lobster Imports

Imports in Europe

For the fourth year in a row, Europe recorded growth in overseas purchases of frozen lobster, which increased by 15% to X tons in 2022. Total imports indicated a remarkable increase from 2012 to 2022: its volume increased at an average annual rate of +6.4% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +54.3% against 2018 indices. The most prominent rate of growth was recorded in 2021 with an increase of 21% against the previous year. Over the period under review, imports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, frozen lobster imports soared to $X in 2022. In general, imports recorded a buoyant increase. The pace of growth was the most pronounced in 2021 when imports increased by 54% against the previous year. Over the period under review, imports reached the maximum in 2022 and are expected to retain growth in the immediate term.

Imports by Country

Spain (X tons) and France (X tons) represented roughly 45% of total imports in 2022. Italy (X tons) held the next position in the ranking, followed by Denmark (X tons), the Netherlands (X tons), the UK (X tons), Belgium (X tons) and Sweden (X tons). All these countries together took approx. 43% share of total imports.

From 2012 to 2022, the biggest increases were recorded for Denmark (with a CAGR of +25.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen lobster importing markets in Europe were Spain ($X), France ($X) and the UK ($X), with a combined 50% share of total imports. Denmark, the Netherlands, Italy, Belgium and Sweden lagged somewhat behind, together comprising a further 37%.

Among the main importing countries, Denmark, with a CAGR of +28.2%, saw 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 import price in Europe amounted to $X per ton, increasing by 5.4% against the previous year. Over the period from 2012 to 2022, it increased at an average annual rate of +3.4%. The growth pace was the most rapid in 2021 when the import price increased by 28%. Over the period under review, import prices attained the maximum in 2022 and is expected to retain growth in the near future.

Prices varied noticeably by country of destination: amid the top importers, the country with the highest price was the UK ($X per ton), while Sweden ($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 Netherlands (+7.1%), while the other leaders experienced more modest paces of growth.

Source: IndexBox Platform