Report Update Nov 1, 2024

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

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India: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in India

The Indian frozen norway lobster market declined to $X in 2022, waning by -11.8% against the previous year. Overall, consumption faced a sharp reduction. As a result, consumption attained the peak level of $X. From 2015 to 2022, the growth of the market failed to regain momentum.

Frozen Norway Lobster Production in India

In value terms, frozen norway lobster production totaled $X in 2022 estimated in export price. Over the period under review, production showed a relatively flat trend pattern. Over the period under review, production hit record highs in 2022 and is expected to retain growth in years to come.

Frozen Norway Lobster Exports

Exports from India

In 2022, approx. X tons of frozen norway lobsters were exported from India; almost unchanged from the year before. Overall, exports posted a strong expansion. The pace of growth appeared the most rapid in 2014 when exports increased by 631% against the previous year. The exports peaked at X tons in 2016; however, from 2017 to 2022, the exports failed to regain momentum.

In value terms, frozen norway lobster exports totaled $X in 2022. In general, exports posted a resilient increase. The pace of growth was the most pronounced in 2014 when exports increased by 356%. Over the period under review, the exports hit record highs at $X in 2016; however, from 2017 to 2022, the exports remained at a lower figure.

Exports by Country

The UK (X tons) was the main destination for frozen norway lobster exports from India, accounting for a approx. 100% share of total exports.

From 2013 to 2022, the average annual rate of growth in terms of volume to the UK amounted to +18.3%.

From 2013 to 2022, the average annual rate of growth in terms of value to the UK totaled +12.7%.

Export Prices by Country

In 2022, the average frozen norway lobster export price amounted to $X per ton, standing approx. at the previous year. In general, the export price saw a deep slump. The most prominent rate of growth was recorded in 2017 an increase of 12%. The export price peaked at $X per ton in 2013; however, from 2014 to 2022, the export prices failed to regain momentum.

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

From 2013 to 2022, the rate of growth in terms of prices for the United Arab Emirates amounted to +13.8% per year.

Frozen Norway Lobster Imports

Imports into India

In 2022, the amount of frozen norway lobsters imported into India declined to X tons, with a decrease of -5.1% against the previous year's figure. Over the period under review, imports faced a sharp contraction. The pace of growth appeared the most rapid in 2014 with an increase of 761% against the previous year. Over the period under review, imports attained the maximum at X tons in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen norway lobster imports totaled $X in 2022. In general, imports continue to indicate a dramatic decrease. The pace of growth was the most pronounced in 2014 with an increase of 728%. Over the period under review, imports attained the maximum at $X in 2015; however, from 2016 to 2022, imports failed to regain momentum.

Imports by Country

In 2022, the UK (X tons) was the main supplier of frozen norway lobster to India, accounting for a approx. 100% share of total imports.

From 2012 to 2022, the average annual rate of growth in terms of volume from the UK stood at -22.2%.

In value terms, the UK ($X) constituted the largest supplier of frozen norway lobsters to India.

From 2012 to 2022, the average annual rate of growth in terms of value from the UK amounted to -30.3%.

Import Prices by Country

The average frozen norway lobster import price stood at $X per ton in 2022, growing by 6.1% against the previous year. Over the period under review, the import price, however, recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2018 an increase of 21% against the previous year. Over the period under review, average import prices reached the maximum at $X per ton in 2012; however, from 2013 to 2022, import prices failed to regain momentum.

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

From 2012 to 2022, the rate of growth in terms of prices for the UK amounted to -10.4% per year.

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The country with the largest volume of norway lobstersi, even smoked, frozen consumption was China, comprising approx. 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?

China remains the largest norway lobstersi, even smoked, frozen producing country worldwide, accounting for 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. India ranked third in terms of total production with a 7.7% share.

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

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

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

In value terms, the UK remains the key foreign market for norway lobstersi, even smoked, frozen exports from India, comprising 73% of total exports. The second position in the ranking was occupied by Hong Kong SAR, with a 19% share of total exports.

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

In 2020, the average export price for norway lobstersi, even smoked, frozen amounted to $2,724 per ton, dropping by -16.7% against the previous year.

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

The average import price for norway lobstersi, even smoked, frozen stood at $4,572 per ton in 2020, falling by -44.9% against the previous year.

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

India

Data coverage:

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