Switzerland: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in Switzerland

In 2022, the Swiss frozen norway lobster market decreased by -19.7% to $X for the first time since 2019, thus ending a two-year rising trend. Overall, the total consumption indicated slight growth from 2012 to 2022: its value increased at an average annual rate of +1.9% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. Over the period under review, the market hit record highs at $X in 2021, and then dropped notably in the following year.

Frozen Norway Lobster Exports

Exports from Switzerland

In 2022, exports of frozen norway lobsters from Switzerland amounted to X tons, stabilizing at 2021. In general, exports posted a significant increase. The growth pace was the most rapid in 2020 with an increase of 193%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in the near future.

In value terms, frozen norway lobster exports totaled $X in 2022. Over the period under review, exports recorded a significant increase. The pace of growth appeared the most rapid in 2020 when exports increased by 61%. Over the period under review, the exports hit record highs in 2022 and are expected to retain growth in years to come.

Exports by Country

Belgium (X tons) was the main destination for frozen norway lobster exports from Switzerland, with a 97% share of total exports. Moreover, frozen norway lobster exports to Belgium exceeded the volume sent to the second major destination, France (X kg), more than tenfold.

From 2014 to 2022, the average annual rate of growth in terms of volume to Belgium was relatively modest.

From 2014 to 2022, the average annual growth rate of value to Belgium was relatively modest.

Export Prices by Country

In 2022, the average frozen norway lobster export price amounted to $X per ton, stabilizing at the previous year. Overall, the export price continues to indicate a abrupt setback. The pace of growth appeared the most rapid in 2020 when the average export price decreased by -45.1%. The export price peaked at $X per ton in 2018; however, from 2019 to 2022, the export prices stood at a somewhat lower figure.

Average prices varied noticeably for the major foreign markets. In 2022, amid the top suppliers, the country with the highest price was France ($X per ton), while the average price for exports to Belgium stood at $X per ton.

From 2014 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Germany (+117.2%).

Frozen Norway Lobster Imports

Imports into Switzerland

In 2022, overseas purchases of frozen norway lobsters increased by 3% to X tons, rising for the third year in a row after two years of decline. Over the period under review, total imports indicated a noticeable increase from 2012 to 2022: its volume increased at an average annual rate of +2.3% 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 +71.4% against 2019 indices. The pace of growth was the most pronounced in 2020 with an increase of 53%. Imports peaked in 2022 and are likely to see gradual growth in years to come.

In value terms, frozen norway lobster imports shrank dramatically to $X in 2022. Overall, total imports indicated a measured increase from 2012 to 2022: its value increased at an average annual rate of +2.2% over the last decade. The trend pattern, however, indicated some noticeable fluctuations being recorded throughout the analyzed period. The growth pace was the most rapid in 2020 with an increase of 80% against the previous year. Over the period under review, imports reached the maximum at $X in 2021, and then dropped dramatically in the following year.

Imports by Country

In 2022, Denmark (X tons) constituted the largest frozen norway lobster supplier to Switzerland, with a 47% share of total imports. Moreover, frozen norway lobster imports from Denmark exceeded the figures recorded by the second-largest supplier, Spain (X tons), twofold. South Africa (X tons) ranked third in terms of total imports with a 15% share.

From 2012 to 2022, the average annual growth rate of volume from Denmark amounted to +3.2%. The remaining supplying countries recorded the following average annual rates of imports growth: Spain (+39.7% per year) and South Africa (+2.1% per year).

In value terms, the largest frozen norway lobster suppliers to Switzerland were South Africa ($X), Denmark ($X) and Spain ($X), together accounting for 77% of total imports. Portugal, the Netherlands, Italy and France lagged somewhat behind, together accounting for a further 20%.

Among the main suppliers, Portugal, with a CAGR of +123.9%, 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

In 2022, the average frozen norway lobster import price amounted to $X per ton, falling by -19.6% against the previous year. In general, the import price recorded a relatively flat trend pattern. The growth pace was the most rapid in 2015 when the average import price increased by 33%. Over the period under review, average import prices hit record highs at $X per ton in 2020; however, from 2021 to 2022, import prices failed to regain momentum.

Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Portugal ($X per ton), while the price for Denmark ($X per ton) was amongst the lowest.

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Portugal (+39.5%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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