In 2023, Canada dominated global frozen lobster exports with a value of 853.32 million USD, contributing significantly compared to other countries like Belgium (12.31 million USD) and India (9.12 million USD). Year-on-year variations indicate robust growth for India (33.61%) and Portugal (46.94%), while Taiwan experienced a decline of 20.58%. Despite moderate growth by Canada at 3.89%, its volume remained unmatched. Austria and Denmark showed negligible variations, suggesting steady markets.
Future trends to watch include the continued growth in Asian markets, particularly Japan and India, driven by increased seafood demand. Additionally, technological advancements in preservation may enhance export volumes across smaller players. Global economic conditions and environmental policies will also likely influence future exports.
Top countries in Frozen Lobsters Exports by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 853,320,000 | 2023 | +11.24% | +3.89% | View data |
| 2 | 2 Belgium | 12,312,000 | 2023 | +2.76% | +5.59% | View data |
| 3 | 3 India | 9,124,100 | 2023 | +5.73% | +33.61% | View data |
| 4 | 4 Denmark | 5,519,300 | 2023 | +11.58% | +0.14% | View data |
| 5 | 5 Netherlands | 5,071,000 | 2023 | +0.75% | +7.06% | View data |
| 6 | 6 Spain | 4,110,600 | 2023 | +13.48% | +5.59% | View data |
| 7 | 7 Malaysia | 1,208,100 | 2023 | +5.93% | +9.31% | View data |
| 8 | 8 Ireland | 988,830 | 2023 | -0.94% | -4.05% | View data |
| 9 | 9 Italy | 644,310 | 2023 | +1.41% | +7.54% | View data |
| 10 | 10 Indonesia | 395,430 | 2023 | -19.52% | -0.58% | View data |
