Report Update Nov 1, 2024

Lithuania - Frozen Lobster - Market Analysis, Forecast, Size, Trends and Insights

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Lithuania: Frozen Lobster Market 2024

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

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

Lithuania

Data coverage:

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