Japan: Frozen Norway Lobster Market 2025

Frozen Norway Lobster Market Size in Japan

The Japanese frozen norway lobster market surged to $X in 2022, jumping by 248% 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 showed a significant expansion. Frozen norway lobster consumption peaked at $X in 2017; however, from 2018 to 2022, consumption failed to regain momentum.

Frozen Norway Lobster Exports

Exports from Japan

In 2018, shipments abroad of frozen norway lobsters decreased by 0% to X kg for the first time since 2015, thus ending a two-year declining trend. In general, exports faced a sharp decline. The smallest decline of 99.9% was in 2016. Over the period under review, the exports reached the peak figure at X kg in 2015; however, from 2016 to 2018, the exports stood at a somewhat lower figure.

In value terms, frozen norway lobster exports stood at $X in 2018. Overall, exports faced a drastic downturn. The smallest decline of 99.9% was in 2016. The exports peaked at $X in 2015; however, from 2016 to 2018, the exports failed to regain momentum.

Exports by Country

Singapore (X kg) and Hong Kong SAR (X kg) were the main destinations of frozen norway lobster exports from Japan.

From 2015 to 2018, the biggest increases were recorded for Hong Kong SAR (with a CAGR of 0.0%).

In value terms, the largest markets for frozen norway lobster exported from Japan were Singapore ($X) and Hong Kong SAR ($X).

Among the main countries of destination, Hong Kong SAR, with a CAGR of 0.0%, saw the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2018, the average frozen norway lobster export price amounted to $X per ton, stabilizing at the previous year. Over the period under review, the export price showed a prominent expansion. The most prominent rate of growth was recorded in 2016 a decrease of 99.9% against the previous year. Over the period under review, the average export prices hit record highs in 2018 and is expected to retain growth in years to come.

Average prices varied noticeably for the major export markets. In 2018, amid the top suppliers, the country with the highest price was Singapore ($X per ton), while the average price for exports to Hong Kong SAR stood at $X per ton.

From 2015 to 2018, the most notable rate of growth in terms of prices was recorded for supplies to Singapore (+11.4%).

Frozen Norway Lobster Imports

Imports into Japan

In 2022, the amount of frozen norway lobsters imported into Japan surged to X tons, picking up by 266% on the previous year's figure. In general, imports continue to indicate a significant increase. The pace of growth appeared the most rapid in 2013 when imports increased by 4,982% against the previous year. Over the period under review, imports reached the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, frozen norway lobster imports skyrocketed to $X in 2022. Over the period under review, imports recorded a significant increase. The most prominent rate of growth was recorded in 2013 with an increase of 5,200% against the previous year. Imports peaked at $X in 2017; however, from 2018 to 2022, imports remained at a lower figure.

Imports by Country

Denmark (X tons) and the UK (X tons) were the main suppliers of frozen norway lobster imports to Japan.

From 2012 to 2022, the most notable rate of growth in terms of purchases, amongst the main suppliers, was attained by the UK (with a CAGR of +117.5%).

In value terms, the largest frozen norway lobster suppliers to Japan were Denmark ($X) and the UK ($X).

The UK, with a CAGR of +118.2%, saw the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review.

Import Prices by Country

The average frozen norway lobster import price stood at $X per ton in 2022, waning by -4.8% against the previous year. Over the period under review, import price indicated notable growth from 2012 to 2022: its price increased at an average annual rate of +3.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, frozen norway lobster import price decreased by -18.2% against 2019 indices. The growth pace was the most rapid in 2014 an increase of 26% against the previous year. Over the period under review, average import prices reached the peak figure at $X per ton in 2019; however, from 2020 to 2022, import prices remained at a lower figure.

Average prices varied noticeably amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was the UK ($X per ton), while the price for Denmark stood at $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Ireland (+21.6%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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