Lithuania - Frozen Norway Lobsters - Market Analysis, Forecast, Size, Trends And Insights
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View PricingFrozen Norway Lobster Price in Lithuania - 2023
Contents:
- Frozen Norway Lobster Price in Lithuania (CIF) - 2022
- Frozen Norway Lobster Price in Lithuania (FOB) - 2022
- Frozen Norway Lobster Imports in Lithuania
- Frozen Norway Lobster Exports in Lithuania
Frozen Norway Lobster Price in Lithuania (CIF) - 2022
In 2022, the average frozen norway lobster import price amounted to $5,703 per ton, which is down by -26.1% against the previous year. Overall, the import price saw a abrupt slump. The pace of growth was the most pronounced in 2017 when the average import price increased by 23%. The import price peaked at $33,268 per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
There were significant differences in the average prices amongst the major supplying countries. In 2022, amid the top importers, the country with the highest price was Belgium ($14,860 per ton), while the price for Denmark ($3,019 per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Poland (+33.7%), while the prices for the other major suppliers experienced mixed trend patterns.
Frozen Norway Lobster Price in Lithuania (FOB) - 2022
The average frozen norway lobster export price stood at $5,440 per ton in 2022, dropping by -17.7% against the previous year. Overall, the export price continues to indicate a abrupt shrinkage. The most prominent rate of growth was recorded in 2013 an increase of 50% against the previous year. As a result, the export price reached the peak level of $42,815 per ton. From 2014 to 2022, the average export prices remained at a lower figure.
As there is only one major export destination, the average price level is determined by prices for Latvia.
From 2012 to 2022, the rate of growth in terms of prices for Latvia amounted to -15.3% per year.
Frozen Norway Lobster Imports in Lithuania
In 2022, after three years of growth, there was significant decline in purchases abroad of frozen norway lobsters, when their volume decreased by -73.5% to 1.2 tons. In general, imports, however, showed a significant increase. The most prominent rate of growth was recorded in 2020 when imports increased by 411%.
In value terms, frozen norway lobster imports shrank significantly to $7K in 2022. Overall, imports, however, continue to indicate a prominent expansion. The most prominent rate of growth was recorded in 2020 with an increase of 254%.
| Import of Frozen Norway Lobster in Lithuania (Thousand USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2019 | 2020 | 2021 | 2022 | CAGR, 2019-2022 |
| Latvia | 2.8 | 18.4 | 28.2 | 3.4 | 6.7% |
| Denmark | 0.4 | 0.7 | 0.9 | 2.7 | 89.0% |
| Belgium | N/A | 0.2 | 6.6 | 0.8 | 100.0% |
| Czech Republic | 2.3 | N/A | N/A | N/A | 0% |
| Others | 0.1 | 0.2 | N/A | N/A | 100.0% |
| Total | 5.5 | 19.5 | 35.7 | 7.0 | 8.4% |
Top Suppliers of Frozen Norway Lobster to Lithuania in 2022:
- Denmark (910.0 kg)
- Latvia (256.0 kg)
- Belgium (57.0 kg)
Frozen Norway Lobster Exports in Lithuania
In 2022, shipments abroad of frozen norway lobsters decreased by -64.9% to 159 kg for the first time since 2019, thus ending a two-year rising trend. In general, exports, however, enjoyed significant growth. The most prominent rate of growth was recorded in 2021 with an increase of 6,371% against the previous year. As a result, the exports attained the peak of 453 kg, and then declined notably in the following year.
In value terms, frozen norway lobster exports dropped sharply to $865 in 2022. Overall, exports, however, continue to indicate a significant expansion. The pace of growth was the most pronounced in 2021 with an increase of 7,207%. As a result, the exports reached the peak of $3K, and then declined sharply in the following year.
| Export of Frozen Norway Lobster in Lithuania (USD) | |||||
|---|---|---|---|---|---|
| COUNTRY | 2020 | 2021 | 2022 | CAGR, 2020-2022 | |
| Latvia | 41.0 | 2,582 | 865 | 359.3% | |
| Estonia | N/A | 414 | N/A | 0% | |
| Others | N/A | N/A | N/A | 0% | |
| Total | 41.0 | 2,996 | 865 | 359.3% | |
Top Export Markets for Frozen Norway Lobster from Lithuania in 2022:
- Latvia (159.0 kg)
This report provides an in-depth analysis of the frozen norway lobster market in Lithuania. 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:
- Lithuania
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in Lithuania
- 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.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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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- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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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
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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