Report Update Jan 1, 2025

Saudi Arabia - Frozen Lobster - Market Analysis, Forecast, Size, Trends and Insights

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Saudi Arabia: Frozen Lobster Market 2025

Frozen Lobster Market Size in Saudi Arabia

For the fifth consecutive year, the Saudi frozen lobster market recorded growth in sales value, which increased by 8.3% to $X in 2022. Over the period under review, consumption, however, faced a abrupt decrease. Frozen lobster consumption peaked at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.

Frozen Lobster Production in Saudi Arabia

In value terms, frozen lobster production rose sharply to $X in 2022 estimated in export price. In general, production recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 with an increase of 32% against the previous year. Over the period under review, production attained the peak level at $X in 2017; however, from 2018 to 2022, production stood at a somewhat lower figure.

Frozen Lobster Exports

Exports from Saudi Arabia

In 2021, approx. X tons of frozen lobster were exported from Saudi Arabia; reducing by -81.7% compared with the previous year. Overall, exports continue to indicate a abrupt decline. The pace of growth was the most pronounced in 2015 with an increase of 722% against the previous year. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2021, the exports stood at a somewhat lower figure.

In value terms, frozen lobster exports shrank dramatically to $X in 2021. Over the period under review, exports recorded a abrupt curtailment. The most prominent rate of growth was recorded in 2015 with an increase of 312%. Over the period under review, the exports attained the peak figure at $X in 2017; however, from 2018 to 2021, the exports failed to regain momentum.

Exports by Country

The United Arab Emirates (X tons) was the main destination for frozen lobster exports from Saudi Arabia, accounting for a approx. 100% share of total exports.

From 2012 to 2021, the average annual rate of growth in terms of volume to the United Arab Emirates amounted to -11.1%.

In value terms, the United Arab Emirates ($X) also remains the key foreign market for frozen lobster exports from Saudi Arabia.

From 2012 to 2021, the average annual rate of growth in terms of value to the United Arab Emirates stood at -10.6%.

Export Prices by Country

The average frozen lobster export price stood at $X per ton in 2021, with an increase of 19% against the previous year. Overall, the export price recorded a relatively flat trend pattern. The most prominent rate of growth was recorded in 2016 when the average export price increased by 109% against the previous year. As a result, the export price reached the peak level of $X per ton. From 2017 to 2021, the average export prices failed to regain momentum.

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

From 2012 to 2021, the rate of growth in terms of prices for Lebanon amounted to +47.5% per year.

Frozen Lobster Imports

Imports into Saudi Arabia

Frozen lobster imports into Saudi Arabia fell notably to X tons in 2014, which is down by -27.3% on 2013. In general, imports saw a significant curtailment. Over the period under review, imports reached the maximum at X tons in 2012; however, from 2013 to 2014, imports remained at a lower figure.

In value terms, frozen lobster imports declined rapidly to $X in 2014. Overall, imports recorded a sharp shrinkage. The smallest decline of -23.5% was in 2013. Imports peaked at $X in 2012; however, from 2013 to 2014, imports stood at a somewhat lower figure.

Imports by Country

In 2014, the United Arab Emirates (X tons) constituted the largest supplier of frozen lobster to Saudi Arabia, with a 83% share of total imports. Moreover, frozen lobster imports from the United Arab Emirates exceeded the figures recorded by the second-largest supplier, India (X tons), ninefold.

From 2012 to 2014, the average annual rate of growth in terms of volume from the United Arab Emirates totaled -28.9%.

In value terms, the United Arab Emirates ($X) constituted the largest supplier of frozen lobster to Saudi Arabia, comprising 68% of total imports. The second position in the ranking was held by India ($X), with a 14% share of total imports.

From 2012 to 2014, the average annual growth rate of value from the United Arab Emirates stood at -27.4%.

Import Prices by Country

In 2014, the average frozen lobster import price amounted to $X per ton, growing by 3.7% against the previous year. Over the period from 2012 to 2014, it increased at an average annual rate of +6.7%. The growth pace was the most rapid in 2013 when the average import price increased by 9.8%. Over the period under review, average import prices reached the maximum in 2014 and is likely to see gradual growth in years to come.

There were significant differences in the average prices amongst the major supplying countries. In 2014, amid the top importers, the country with the highest price was the United Arab Emirates ($X per ton), while the price for India amounted to $X per ton.

From 2012 to 2014, the most notable rate of growth in terms of prices was attained by India (-24.0%).

Source: IndexBox Platform

Frequently Asked Questions (FAQ) :

What are the largest markets for frozen lobster in the world?

The United States constituted the country with the largest volume of frozen lobster consumption, comprising approx. 45% of total volume. Moreover, frozen lobster consumption in the United States exceeded the figures recorded by the second-largest consumer, Canada, threefold. The third position in this ranking was occupied by China, with a 5.6% share.

What are the largest producers of frozen lobster in the world?

The country with the largest volume of frozen lobster production was Canada, comprising approx. 89% of total volume. It was followed by India, with a 2.3% share of total production.

What are the leading suppliers of frozen lobster to Saudi Arabia?

In value terms, the United Arab Emirates constituted the largest supplier of frozen lobster to Saudi Arabia, comprising 58% of total imports. The second position in the ranking was occupied by India, with a 12% share of total imports.

What are the leading importers of frozen lobster from Saudi Arabia?

In value terms, Egypt remains the key foreign market for frozen lobster exports from Saudi Arabia, comprising 79% of total exports. The second position in the ranking was occupied by the United Arab Emirates, with a 21% share of total exports.

What is the average export price for frozen lobster in Saudi Arabia?

The average frozen lobster export price stood at $5,198 per ton in 2021, rising by 4.7% against the previous year.

What is the average import price for frozen lobster in Saudi Arabia?

The average frozen lobster import price stood at $7,471 per ton in 2014, picking up by 5% against the previous year.

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

Saudi Arabia

Data coverage:

Market volume and value
Per Capita consumption
Forecast of the market dynamics in the medium term
Trade (exports and imports) in Saudi Arabia
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 2012–2024
2. IMPORTS BY COUNTRY
3. IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
1. EXPORTS FROM 2012–2024
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 2024
2. Market Volume, In Physical Terms, 2012–2024
3. Market Value, 2012–2024
4. Per Capita Consumption In 2012-2024
5. Imports, In Physical Terms, By Country, 2012–2024
6. Imports, In Value Terms, By Country, 2012–2024
7. Import Prices, By Country Of Origin, 2012–2024
8. Exports, In Physical Terms, By Country, 2012–2024
9. Exports, In Value Terms, By Country, 2012–2024
10. Export Prices, By Country Of Destination, 2012–2024
LIST OF FIGURES
1. Market Volume, In Physical Terms, 2012–2024
2. Market Value, 2012–2024
3. Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2024
4. Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2024
5. Trade Balance, In Physical Terms, 2012-2024
6. Trade Balance, In Value Terms, 2012-2024
7. Per Capita Consumption, 2012-2024
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, 2012–2024
22. Production, In Value Terms, 2012–2024
23. Imports, In Physical Terms, 2012–2024
24. Imports, In Value Terms, 2012–2024
25. Imports, In Physical Terms, By Country, 2024
26. Imports, In Physical Terms, By Country, 2012–2024
27. Imports, In Value Terms, By Country, 2012–2024
28. Import Prices, By Country Of Origin, 2012–2024
29. Exports, In Physical Terms, 2012–2024
30. Exports, In Value Terms, 2012–2024
31. Exports, In Physical Terms, By Country, 2024
32. Exports, In Physical Terms, By Country, 2012–2024
33. Exports, In Value Terms, By Country, 2012–2024
34. Export Prices, By Country Of Destination, 2012–2024