Key Market Indicators
Latvian exports of lobster are forecast to reach 1,010 kilograms by 2026, up from 835 kilograms in 2021. This represents a growth of 3.1% year-on-year, compared to no growth since 2006. In 2021, Latvia ranked 41st in the world, while Austria led the way at 835 kilograms. The United States, United Kingdom, and Philippines followed as the second, third, and fourth largest suppliers, respectively. Meanwhile, Latvian imports of lobster are expected to reach 3,240 kilograms by 2026, up from 2,830 kilograms in 2021. This growth represents a CAGR of 2.3%, compared to a rise of 3.5% since 1999. In 2021, Latvia ranked 48th in the world, with Mauritius leading the way at 2,830 kilograms. China, South Korea, and Italy were the second, third, and fourth biggest importers, respectively.
