Lithuania: Frozen Lobster Market 2025

Frozen Lobster Market Size in Lithuania

In 2022, the Lithuanian frozen lobster market decreased by -35.4% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, consumption, however, continues to indicate a strong increase. Frozen lobster consumption peaked at $X in 2021, and then dropped sharply in the following year.

Frozen Lobster Exports

Exports from Lithuania

In 2022, the amount of frozen lobster exported from Lithuania surged to X kg, picking up by 132% on the previous year's figure. In general, exports recorded a significant increase. The pace of growth appeared the most rapid in 2013 when exports increased by 456%. Over the period under review, the exports attained the peak figure in 2022 and are expected to retain growth in the near future.

In value terms, frozen lobster exports surged to $X in 2022. Overall, exports recorded a significant expansion. The pace of growth was the most pronounced in 2013 when exports increased by 608% against the previous year. The exports peaked in 2022 and are likely to see steady growth in the near future.

Exports by Country

Latvia (X kg) was the main destination for frozen lobster exports from Lithuania, accounting for a 80% share of total exports. Moreover, frozen lobster exports to Latvia exceeded the volume sent to the second major destination, Estonia (X kg), fourfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Latvia totaled +48.6%.

In value terms, the largest markets for frozen lobster exported from Lithuania were Latvia ($X) and Estonia ($X).

In terms of the main countries of destination, Estonia, with a CAGR of +41.1%, recorded the highest growth rate of the value of exports, over the period under review.

Export Prices by Country

In 2022, the average frozen lobster export price amounted to $X per ton, which is down by -13.5% against the previous year. In general, the export price saw a perceptible slump. The most prominent rate of growth was recorded in 2013 when the average export price increased by 27% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2014 to 2022, the average export prices failed to regain momentum.

There were significant differences in the average prices for the major external markets. In 2022, amid the top suppliers, the country with the highest price was Estonia ($X per ton), while the average price for exports to Latvia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Estonia (+6.6%).

Frozen Lobster Imports

Imports into Lithuania

In 2022, purchases abroad of frozen lobster decreased by -10.8% to X tons for the first time since 2018, thus ending a three-year rising trend. Over the period under review, imports, however, showed resilient growth. The pace of growth was the most pronounced in 2016 when imports increased by 643%. Imports peaked at X tons in 2021, and then shrank in the following year.

In value terms, frozen lobster imports dropped remarkably to $X in 2022. In general, imports, however, recorded prominent growth. The most prominent rate of growth was recorded in 2016 with an increase of 319% against the previous year. Over the period under review, imports hit record highs at $X in 2021, and then contracted notably in the following year.

Imports by Country

In 2022, Denmark (X tons) constituted the largest frozen lobster supplier to Lithuania, with a 58% share of total imports. Moreover, frozen lobster imports from Denmark exceeded the figures recorded by the second-largest supplier, the Netherlands (X kg), fourfold. The third position in this ranking was taken by France (X kg), with a 13% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark amounted to +27.4%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+85.5% per year) and France (+60.2% per year).

In value terms, the largest frozen lobster suppliers to Lithuania were the Netherlands ($X), Denmark ($X) and France ($X), together accounting for 74% of total imports.

The Netherlands, with a CAGR of +90.0%, recorded the highest rates of growth with regard to the value of imports, among the main suppliers over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen lobster import price stood at $X per ton in 2022, with a decrease of -23.4% against the previous year. Over the period under review, the import price recorded a perceptible contraction. The growth pace was the most rapid in 2021 when the average import price increased by 54% against the previous year. Over the period under review, average import prices attained the maximum at $X per ton in 2014; however, from 2015 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 Germany ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (+7.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform