MERCOSUR: Frozen Norway Lobster Market 2024

Frozen Norway Lobster Market Size in MERCOSUR

After two years of decline, the MERCOSUR frozen norway lobster market increased by X% to $X in 2023. Overall, consumption, however, saw a noticeable curtailment. As a result, consumption attained the peak level of $X. From 2014 to 2023, the growth of the market failed to regain momentum.

Frozen Norway Lobster Production in MERCOSUR

In value terms, frozen norway lobster production fell markedly to $X in 2023 estimated in export price. In general, production, however, enjoyed a modest expansion. The most prominent rate of growth was recorded in 2022 with an increase of X% against the previous year. Over the period under review, production hit record highs at $X in 2014; however, from 2015 to 2023, production remained at a lower figure.

Frozen Norway Lobster Exports

Exports in MERCOSUR

In 2023, approx. X tons of frozen norway lobsters were exported in MERCOSUR; which is down by X% on the previous year. In general, exports, however, enjoyed a significant increase. The pace of growth was the most pronounced in 2013 with an increase of X%. The volume of export peaked at X tons in 2022, and then fell markedly in the following year.

In value terms, frozen norway lobster exports dropped significantly to $X in 2023. Overall, exports, however, saw a significant increase. The growth pace was the most rapid in 2013 with an increase of X%. Over the period under review, the exports attained the maximum at $X in 2022, and then dropped significantly in the following year.

Exports by Country

Argentina (X tons) and Ecuador (X tons) dominates exports structure, together making up X% of total exports. Chile (X tons) held a relatively small share of total exports.

From 2012 to 2023, the biggest increases were recorded for Ecuador (with a CAGR of X%), while shipments for the other leaders experienced more modest paces of growth.

In value terms, Argentina ($X), Ecuador ($X) and Chile ($X) appeared to be the countries with the highest levels of exports in 2023, with a combined X% share of total exports.

Among the main exporting countries, Ecuador, with a CAGR of X%, saw the highest rates of growth with regard to the value of exports, over the period under review, while shipments for the other leaders experienced more modest paces of growth.

Export Prices by Country

In 2023, the export price in MERCOSUR amounted to $X per ton, which is down by X% against the previous year. Overall, the export price continues to indicate a relatively flat trend pattern. The pace of growth was the most pronounced in 2014 when the export price increased by X% against the previous year. As a result, the export price attained the peak level of $X per ton. From 2015 to 2023, the export prices remained at a somewhat lower figure.

Prices varied noticeably by country of origin: amid the top suppliers, the country with the highest price was Chile ($X per ton), while Argentina ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Argentina (X%), while the other leaders experienced a decline in the export price figures.

Frozen Norway Lobster Imports

Imports in MERCOSUR

In 2023, supplies from abroad of frozen norway lobsters increased by X% to X tons, rising for the second consecutive year after four years of decline. Over the period under review, imports posted a prominent increase. The growth pace was the most rapid in 2013 when imports increased by X% against the previous year. As a result, imports reached the peak of X tons. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

In value terms, frozen norway lobster imports soared to $X in 2023. In general, imports posted a strong expansion. The most prominent rate of growth was recorded in 2013 with an increase of X% against the previous year. As a result, imports attained the peak of $X. From 2014 to 2023, the growth of imports remained at a somewhat lower figure.

Imports by Country

Guyana was the major importer of frozen norway lobsters in MERCOSUR, with the volume of imports resulting at X tons, which was near X% of total imports in 2023. Uruguay (X kg) held a X% share (based on physical terms) of total imports, which put it in second place, followed by Argentina (X%). The following importers - Colombia (X kg) and Suriname (X kg) - each reached a X% share of total imports.

From 2012 to 2023, the biggest increases were recorded for Guyana (with a CAGR of X.5%), while purchases for the other leaders experienced more modest paces of growth.

In value terms, the largest frozen norway lobster importing markets in MERCOSUR were Uruguay ($X), Guyana ($X) and Argentina ($X), together accounting for X% of total imports.

Guyana, with a CAGR of X%, recorded the highest rates of growth with regard to the value of imports, among the main importing countries over the period under review, while purchases for the other leaders experienced more modest paces of growth.

Import Prices by Country

In 2023, the import price in MERCOSUR amounted to $X per ton, shrinking by X% against the previous year. Over the period under review, the import price saw a slight curtailment. The most prominent rate of growth was recorded in 2018 an increase of X% against the previous year. The level of import peaked at $X per ton in 2022, and then fell dramatically in the following year.

There were significant differences in the average prices amongst the major importing countries. In 2023, amid the top importers, the country with the highest price was Colombia ($X per ton), while Guyana ($X per ton) was amongst the lowest.

From 2012 to 2023, the most notable rate of growth in terms of prices was attained by Colombia (X%), while the other leaders experienced mixed trends in the import price figures.

Source: IndexBox Platform