United Arab Emirates: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in the United Arab Emirates

After two years of growth, the frozen norway lobster market in the United Arab Emirates decreased by -35.7% to $X in 2022. In general, consumption, however, enjoyed a buoyant increase. As a result, consumption attained the peak level of $X, and then contracted significantly in the following year.

Frozen Norway Lobster Production in the United Arab Emirates

In value terms, frozen norway lobster production surged to $X in 2022 estimated in export price. In general, production, however, saw a deep downturn. Over the period under review, production hit record highs at $X in 2020; however, from 2021 to 2022, production failed to regain momentum.

Frozen Norway Lobster Exports

Exports from the United Arab Emirates

Frozen norway lobster exports from the United Arab Emirates stood at X tons in 2022, increasing by 14% on 2021 figures. Overall, exports enjoyed a significant expansion. The most prominent rate of growth was recorded in 2017 with an increase of 867%. Over the period under review, the exports hit record highs at X tons in 2020; however, from 2021 to 2022, the exports remained at a lower figure.

In value terms, frozen norway lobster exports expanded remarkably to $X in 2022. Over the period under review, exports continue to indicate a significant increase. The most prominent rate of growth was recorded in 2017 when exports increased by 735%. The exports peaked at $X in 2019; however, from 2020 to 2022, the exports remained at a lower figure.

Exports by Country

Saudi Arabia (X tons) was the main destination for frozen norway lobster exports from the United Arab Emirates, with a 96% share of total exports. It was followed by Kuwait (X kg), with a 1.8% share of total exports.

From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia totaled +70.0%.

In value terms, Saudi Arabia ($X) remains the key foreign market for frozen norway lobsters exports from the United Arab Emirates, comprising 94% of total exports. The second position in the ranking was taken by Kuwait ($X), with a 3.4% share of total exports.

From 2012 to 2022, the average annual growth rate of value to Saudi Arabia amounted to +43.5%.

Export Prices by Country

In 2022, the average frozen norway lobster export price amounted to $X per ton, falling by -4.6% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The growth pace was the most rapid in 2019 when the average export price increased by 45%. The export price peaked at $X per ton in 2012; however, from 2013 to 2022, the export prices stood at a somewhat lower figure.

Prices varied noticeably by country of destination: amid the top suppliers, the country with the highest price was Kuwait ($X per ton), while the average price for exports to Saudi Arabia amounted to $X per ton.

From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Kuwait (-10.7%).

Frozen Norway Lobster Imports

Imports into the United Arab Emirates

In 2022, approx. X tons of frozen norway lobsters were imported into the United Arab Emirates; dropping by -22.3% against 2021. In general, imports, however, showed a prominent expansion. The most prominent rate of growth was recorded in 2014 with an increase of 222% against the previous year. Imports peaked at X tons in 2021, and then fell notably in the following year.

In value terms, frozen norway lobster imports shrank notably to $X in 2022. Over the period under review, imports, however, posted a significant expansion. The pace of growth was the most pronounced in 2014 when imports increased by 170%. Over the period under review, imports reached the maximum at $X in 2021, and then fell significantly in the following year.

Imports by Country

In 2022, Denmark (X tons) constituted the largest supplier of frozen norway lobster to the United Arab Emirates, with a 39% share of total imports. Moreover, frozen norway lobster imports from Denmark exceeded the figures recorded by the second-largest supplier, the Netherlands (X tons), sixfold. France (X kg) ranked third in terms of total imports with a 2.1% share.

From 2012 to 2022, the average annual rate of growth in terms of volume from Denmark amounted to +18.2%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+12.3% per year) and France (+2.3% per year).

In value terms, Denmark ($X) constituted the largest supplier of frozen norway lobsters to the United Arab Emirates, comprising 30% of total imports. The second position in the ranking was taken by the Netherlands ($X), with a 4.6% share of total imports. It was followed by France, with a 4.5% share.

From 2012 to 2022, the average annual growth rate of value from Denmark totaled +21.0%. The remaining supplying countries recorded the following average annual rates of imports growth: the Netherlands (+17.2% per year) and France (+14.9% per year).

Import Prices by Country

The average frozen norway lobster import price stood at $X per ton in 2022, with a decrease of -3.1% against the previous year. Over the period under review, the import price, however, recorded a measured increase. The pace of growth appeared the most rapid in 2015 an increase of 49%. Over the period under review, average import prices attained the maximum at $X per ton in 2021, and then fell slightly in the following year.

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

From 2012 to 2022, the most notable rate of growth in terms of prices was attained by India (+18.2%), while the prices for the other major suppliers experienced more modest paces of growth.

Source: IndexBox Platform

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