Slovenia: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Slovenia

After two years of decline, the Slovene frozen norway lobster market increased by 25% to $X in 2022. In general, consumption recorded a relatively flat trend pattern. As a result, consumption attained the peak level of $X. From 2017 to 2022, the growth of the market remained at a somewhat lower figure.

Frozen Norway Lobster Exports

Exports from Slovenia

In 2022, exports of frozen norway lobsters from Slovenia rose modestly to X tons, growing by 2.4% on 2021. In general, exports recorded significant growth. The most prominent rate of growth was recorded in 2014 with an increase of 8,874%. Over the period under review, the exports hit record highs at X tons in 2017; however, from 2018 to 2022, the exports failed to regain momentum.

In value terms, frozen norway lobster exports reduced modestly to $X in 2022. Overall, exports saw significant growth. The growth pace was the most rapid in 2014 when exports increased by 23,143%. As a result, the exports reached the peak of $X. From 2015 to 2022, the growth of the exports remained at a lower figure.

Exports by Country

Croatia (X tons) was the main destination for frozen norway lobster exports from Slovenia, with a 89% share of total exports. Moreover, frozen norway lobster exports to Croatia exceeded the volume sent to the second major destination, Italy (X tons), more than tenfold.

From 2012 to 2022, the average annual rate of growth in terms of volume to Croatia amounted to +160.3%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-23.6% per year) and Austria (+24.9% per year).

In value terms, Croatia ($X) remains the key foreign market for frozen norway lobsters exports from Slovenia, comprising 88% of total exports. The second position in the ranking was taken by Italy ($X), with a 6.2% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Croatia totaled +156.4%. Exports to the other major destinations recorded the following average annual rates of exports growth: Italy (-34.4% per year) and Austria (+19.5% per year).

Export Prices by Country

The average frozen norway lobster export price stood at $X per ton in 2022, reducing by -6.4% against the previous year. Over the period under review, the export price recorded a slight slump. The pace of growth appeared the most rapid in 2014 an increase of 159%. As a result, the export price attained the peak level of $X per ton. From 2015 to 2022, the average export prices remained at a lower figure.

Average prices varied noticeably for the major overseas markets. In 2022, amid the top suppliers, the country with the highest price was Italy ($X per ton), while the average price for exports to Austria ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Croatia (-1.5%), while the prices for the other major destinations experienced a decline.

Frozen Norway Lobster Imports

Imports into Slovenia

In 2022, the amount of frozen norway lobsters imported into Slovenia soared to X tons, picking up by 41% on 2021. Overall, imports saw a noticeable increase. The growth pace was the most rapid in 2016 when imports increased by 89% against the previous year. As a result, imports attained the peak of X tons. From 2017 to 2022, the growth of imports remained at a lower figure.

In value terms, frozen norway lobster imports expanded markedly to $X in 2022. In general, total imports indicated a perceptible expansion from 2012 to 2022: its value increased at an average annual rate of +3.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Based on 2022 figures, imports increased by +19.0% against 2020 indices. The growth pace was the most rapid in 2016 with an increase of 72%. As a result, imports attained the peak of $X. From 2017 to 2022, the growth of imports remained at a somewhat lower figure.

Imports by Country

Spain (X tons), Italy (X tons) and the UK (X tons) were the main suppliers of frozen norway lobster imports to Slovenia, together comprising 56% of total imports. Denmark, Ireland, the Netherlands, France, Croatia and Norway lagged somewhat behind, together comprising a further 38%.

From 2012 to 2022, the biggest increases were recorded for France (with a CAGR of +82.3%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, Italy ($X), Spain ($X) and the UK ($X) constituted the largest frozen norway lobster suppliers to Slovenia, together comprising 56% of total imports. Ireland, Denmark, Croatia, the Netherlands, France and Norway lagged somewhat behind, together comprising a further 39%.

Among the main suppliers, France, with a CAGR of +67.5%, recorded the highest growth rate of the value of imports, over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

The average frozen norway lobster import price stood at $X per ton in 2022, shrinking by -22.7% against the previous year. Over the period under review, the import price recorded a slight contraction. The pace of growth was the most pronounced in 2020 an increase of 37%. The import price peaked at $X per ton in 2013; however, from 2014 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 Croatia ($X per ton), while the price for Spain ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Spain (+4.3%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform