Report Update Nov 1, 2024

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

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Northern America: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Northern America

The North American frozen norway lobster market declined to $X in 2022, dropping by -14.7% against the previous year. Overall, consumption showed a noticeable downturn. Over the period under review, the market attained the peak level at $X in 2014; however, from 2015 to 2022, consumption remained at a lower figure.

Frozen Norway Lobster Production in Northern America

In value terms, frozen norway lobster production amounted to $X in 2022 estimated in export price. In general, production continues to indicate a dramatic decline. The growth pace was the most rapid in 2017 with an increase of 23,897,100% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2022, production remained at a lower figure.

Frozen Norway Lobster Exports

Exports in Northern America

In 2022, after two years of decline, there was significant growth in overseas shipments of frozen norway lobsters, when their volume increased by 104% to X tons. Overall, exports recorded a remarkable increase. The growth pace was the most rapid in 2013 when exports increased by 801% against the previous year. The volume of export peaked at X tons in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

In value terms, frozen norway lobster exports surged to $X in 2022. Over the period under review, exports saw a strong increase. The most prominent rate of growth was recorded in 2013 when exports increased by 607% against the previous year. Over the period under review, the exports attained the maximum at $X in 2014; however, from 2015 to 2022, the exports remained at a lower figure.

Exports by Country

In 2022, Canada (X tons), followed by the United States (X tons) represented the major exporters of frozen norway lobsters, together generating 100% of total exports.

From 2012 to 2022, the biggest increases were recorded for Canada (with a CAGR of +50.7%).

In value terms, Canada ($X) and the United States ($X) constituted the countries with the highest levels of exports in 2022.

In terms of the main exporting countries, Canada, with a CAGR of +45.9%, saw the highest rates of growth with regard to the value of exports, over the period under review.

Export Prices by Country

The export price in Northern America stood at $X per ton in 2022, declining by -33.2% against the previous year. In general, the export price, however, recorded a slight expansion. The growth pace was the most rapid in 2015 when the export price increased by 61% against the previous year. The level of export peaked at $X per ton in 2020; however, from 2021 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably amongst the major exporting countries. In 2022, amid the top suppliers, the country with the highest price was Canada ($X per ton), while the United States totaled $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by the United States (+1.1%).

Frozen Norway Lobster Imports

Imports in Northern America

Frozen norway lobster imports fell remarkably to X tons in 2022, dropping by -27.7% against 2021 figures. Overall, imports, however, posted a mild increase. The most prominent rate of growth was recorded in 2021 when imports increased by 250% against the previous year. Over the period under review, imports attained the maximum at X tons in 2014; however, from 2015 to 2022, imports stood at a somewhat lower figure.

In value terms, frozen norway lobster imports declined to $X in 2022. In general, imports, however, recorded a modest expansion. The most prominent rate of growth was recorded in 2021 with an increase of 203%. Over the period under review, imports reached the maximum at $X in 2014; however, from 2015 to 2022, imports remained at a lower figure.

Imports by Country

The United States dominates imports structure, resulting at X tons, which was approx. 96% of total imports in 2022. Canada (X tons) took a little share of total imports.

The United States was also the fastest-growing in terms of the frozen norway lobsters imports, with a CAGR of +98.8% from 2012 to 2022. Canada (-26.3%) illustrated a downward trend over the same period. From 2012 to 2022, the share of the United States increased by +96 percentage points.

In value terms, the United States ($X) constitutes the largest market for imported frozen norway lobsters in Northern America, comprising 95% of total imports. The second position in the ranking was held by Canada ($X), with a 4.5% share of total imports.

From 2012 to 2022, the average annual growth rate of value in the United States stood at +91.4%.

Import Prices by Country

In 2022, the import price in Northern America amounted to $X per ton, picking up by 23% against the previous year. In general, the import price, however, showed a relatively flat trend pattern. Over the period under review, import prices hit record highs at $X per ton in 2013; however, from 2014 to 2022, import prices failed to regain momentum.

Average prices varied noticeably amongst the major importing countries. In 2022, amid the top importers, the country with the highest price was Canada ($X per ton), while the United States amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Canada (+0.5%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

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

The United States constituted the country with the largest volume of norway lobstersi, even smoked, frozen consumption, accounting for 85% of total volume. Moreover, norway lobstersi, even smoked, frozen consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, sixfold.

What are the largest producers of norway lobstersi, even smoked, frozen in Northern America?

The United States constituted the country with the largest volume of norway lobstersi, even smoked, frozen production, comprising approx. 85% of total volume. Moreover, norway lobstersi, even smoked, frozen production in the United States exceeded the figures recorded by the second-largest producer, Canada, sixfold.

What are the leading suppliers of norway lobstersi, even smoked, frozen in Northern America?

In value terms, the largest norway lobstersi, even smoked, frozen supplying countries in Northern America were the United States and Canada.

What are the leading importers of norway lobstersi, even smoked, frozen in Northern America?

In value terms, the United States constitutes the largest market for imported norway lobstersi, even smoked, frozen in Northern America, comprising 88% of total imports. The second position in the ranking was occupied by Canada, with a 12% share of total imports.

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

In 2020, the export price for norway lobstersi, even smoked, frozen in Northern America amounted to $33,637 per ton, surging by 25% against the previous year.

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

In 2020, the import price for norway lobstersi, even smoked, frozen in Northern America amounted to $21,535 per ton, increasing by 3.2% against the previous year.

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

Bermuda
Canada
Greenland
Saint Pierre and Miquelon
United States

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Production in Northern America, split by region and country
Trade (exports and imports) in Northern America
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
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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. CONSUMPTION BY COUNTRY
3. 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
2. PRODUCTION BY COUNTRY
8. IMPORTS
The Largest Importers on The Market and How They Succeed
1. IMPORTS FROM 2012–2023
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Exporters on The Market and How They Succeed
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
11. COUNTRY PROFILES

The Largest Markets And Their Profiles
This Chapter is Available Only for the Professional Edition PRO
- Bermuda
- Canada
- Greenland
- Saint Pierre and Miquelon
- United States
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, By Country, 2018–2023
5. Production, In Physical Terms, By Country, 2012–2023
6. Imports, In Physical Terms, By Country, 2012–2023
7. Imports, In Value Terms, By Country, 2012–2023
8. Import Prices, By Country Of Destination, 2012–2023
9. Exports, In Physical Terms, By Country, 2012–2023
10. Exports, In Value Terms, By Country, 2012–2023
11. Export Prices, By Country Of Origin, 2012–2023
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2023
2. Market Value, 2012–2023
3. Consumption, By Country, 2023
4. Market Volume Forecast to 2030
5. Market Value Forecast to 2030
6. Products: Market Size And Growth, By Type
7. Products: Average Per Capita Consumption, By Type
8. Products: Exports And Growth, By Type
9. Products: Export Prices And Growth, By Type
10. Production Volume And Growth
11. Exports And Growth
12. Export Prices And Growth
13. Market Size And Growth
14. Per Capita Consumption
15. Imports And Growth
16. Import Prices
17. Production, In Physical Terms, 2012–2023
18. Production, In Value Terms, 2012–2023
19. Production, By Country, 2023
20. Production, In Physical Terms, By Country, 2012–2023
21. Imports, In Physical Terms, 2012–2023
22. Imports, In Value Terms, 2012–2023
23. Imports, In Physical Terms, By Country, 2023
24. Imports, In Physical Terms, By Country, 2012–2023
25. Imports, In Value Terms, By Country, 2012–2023
26. Import Prices, By Country, 2012–2023
27. Exports, In Physical Terms, 2012–2023
28. Exports, In Value Terms, 2012–2023
29. Exports, In Physical Terms, By Country, 2023
30. Exports, In Physical Terms, By Country, 2012–2023
31. Exports, In Value Terms, By Country, 2012–2023
32. Export Prices, 2012–2023