In 2023, Canada overwhelmingly dominated global frozen lobster exports, accounting for 96.6% of the market share in USD. Other significant contributors included Belgium and India, with shares of 1.39% and 1.03%, respectively. Notably, Canada's position grew by 3.89% from the previous year. India saw substantial growth at 33.61%, while Ireland and Taiwan experienced declines of 4.05% and 20.58%, respectively. Portugal recorded the highest growth at 46.94%, albeit from a low base.
Future trends to watch include Canada's sustained dominance in the market, with potential shifts from emerging players like India. Additionally, monitoring the impact of global trade policies and sustainability practices will be crucial for understanding future dynamics in frozen lobster exports.
Top countries in Frozen Lobsters Exports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 96.6 | 2023 | +11.24% | +3.89% | View data |
| 2 | 2 Belgium | 1.39 | 2023 | +2.76% | +5.59% | View data |
| 3 | 3 India | 1.03 | 2023 | +5.73% | +33.61% | View data |
| 4 | 4 Denmark | 0.62 | 2023 | +11.58% | +0.14% | View data |
| 5 | 5 Netherlands | 0.57 | 2023 | +0.75% | +7.06% | View data |
| 6 | 6 Spain | 0.47 | 2023 | +13.48% | +5.59% | View data |
| 7 | 7 Malaysia | 0.14 | 2023 | +5.93% | +9.31% | View data |
| 8 | 8 Ireland | 0.11 | 2023 | -0.94% | -4.05% | View data |
| 9 | 9 Italy | 0.073 | 2023 | +1.41% | +7.54% | View data |
| 10 | 10 Indonesia | 0.045 | 2023 | -19.52% | -0.58% | View data |
