The global export market for fresh or chilled lobsters is predominantly led by Canada and the United States, holding shares of 48.44% and 41.7% respectively. The market has shown trends of modest year-on-year increases, with Canada's export volume growing by 5.37% and the United States by 2.57% in 2023. Other notable exporting countries include the United Kingdom, the Philippines, Belgium, and Malaysia, although they hold significantly smaller shares. Noteworthy growth regions include Tanzania and Norway, with substantial growth rates of 4.97% and 7.22%, respectively.
In 2023, most countries observed positive growth in export volumes with some exceptional growth as seen in Denmark (18.06%) and Brunei (28.31%). However, a few countries like India and Romania experienced a decline in their export shares. The average year-on-year change reflects a consistent slight upward trend over the last five years.
Looking ahead, future trends to watch in the global export of fresh or chilled lobsters include potential market shifts due to changing trade policies, environmental regulations affecting lobster fishing, and evolving consumer preferences possibly driven by sustainability concerns. Monitoring emerging markets in regions like Asia, with countries such as China and Malaysia showing steady growth, can also provide insights into future expansion opportunities.
Top countries in Export of Fresh or Chilled Lobsters Share by Country (Kilograms)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 48.44 | 2023 | +3.28% | +5.37% | View data |
| 2 | 2 United States | 41.7 | 2023 | +2.37% | +2.57% | View data |
| 3 | 3 United Kingdom | 1.49 | 2023 | -0.96% | +1.13% | View data |
| 4 | 4 Philippines | 1.25 | 2023 | -1.72% | +3.31% | View data |
| 5 | 5 Belgium | 1.04 | 2023 | +1.36% | +1.05% | View data |
| 6 | 6 Malaysia | 0.86 | 2023 | -0.92% | +3.41% | View data |
| 7 | 7 Netherlands | 0.8 | 2023 | +0.87% | +2.23% | View data |
| 8 | 8 France | 0.6 | 2023 | +2.96% | +1.07% | View data |
| 9 | 9 Singapore | 0.35 | 2023 | +6.59% | +0.72% | View data |
| 10 | 10 Germany | 0.24 | 2023 | +3.39% | +2.13% | View data |