In 2023, South Korea led global frozen lobster imports, significantly increasing by 15.63% YoY, with notable growth also seen in Canada (14.64%) and Denmark (27.88%). Conversely, Vietnam and the Netherlands experienced declines. The compound annual growth rate (CAGR) over the past five years highlights Iceland's remarkable growth, while traditional European importers like Spain and Italy showed moderate increases. Analyzing value shares, South Korea and China dominate, with emerging markets such as New Zealand rapidly increasing their import shares.
Future trends to watch include the rising demand from Asian markets, particularly South Korea and China, as consumer preferences shift towards premium seafood products. Furthermore, sustainable and traceable sourcing will likely affect the dynamics of international trade in frozen lobsters.
Top countries in Frozen Lobsters Imports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 South Korea | 29.89 | 2023 | +30.37% | +15.63% | View data |
| 2 | 2 China | 18.59 | 2023 | +21.77% | +8.41% | View data |
| 3 | 3 Spain | 13.88 | 2023 | +7.18% | +3.86% | View data |
| 4 | 4 Canada | 8 | 2023 | +7.66% | +14.64% | View data |
| 5 | 5 Italy | 5.23 | 2023 | +3.55% | +4.82% | View data |
| 6 | 6 Denmark | 5.16 | 2023 | +17.36% | +27.88% | View data |
| 7 | 7 United Kingdom | 4.65 | 2023 | +6.95% | +3.68% | View data |
| 8 | 8 Netherlands | 4.34 | 2023 | +9% | -2.61% | View data |
| 9 | 9 Sweden | 2.27 | 2023 | +2.79% | +8.74% | View data |
| 10 | 10 Australia | 2.09 | 2023 | +3.44% | -4.3% | View data |
