Canada dominates the global export market for prepared or preserved lobster with a substantial market share, recording a value of 299.72 million USD in 2023. This leadership is further seen in their steady growth of 3.35% year-on-year. Other significant players include the United States and Ireland, though the U.S. witnessed a decline of 6.49% in 2023. Denmark showed a remarkable increase of 59%, reflecting a strong upward trend, while smaller markets like Malaysia, the Philippines, and Tanzania demonstrated notable growth rates exceeding 6%.
Despite a few declines, European countries such as the United Kingdom, Belgium, and Germany maintain a steady presence in the market. Noteworthy are countries like Spain and Portugal, which saw strong growth over the last year at 25.55% and 26.94% respectively.
Looking ahead, factors such as sustainability, changes in trade agreements, and shifts in global seafood consumption preferences are key trends to watch. Efforts to enhance lobster farming and preservation technologies may further shape this sector's landscape.
Top countries in Export of Prepared or Preserved Lobster by Country
| # | 10 Countries | US Dollars | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Canada | 299,720,000 | 2023 | +2.19% | +3.35% | View data |
| 2 | 2 Ireland | 8,320,000 | 2023 | +5.01% | +5.94% | View data |
| 3 | 3 United States | 8,077,800 | 2023 | -14.47% | -6.49% | View data |
| 4 | 4 Denmark | 3,451,400 | 2023 | +6.29% | +59% | View data |
| 5 | 5 United Kingdom | 2,167,700 | 2023 | +1.22% | +4.36% | View data |
| 6 | 6 Belgium | 1,437,100 | 2023 | +1.65% | +0.45% | View data |
| 7 | 7 France | 985,910 | 2023 | +1.26% | -0.59% | View data |
| 8 | 8 Germany | 944,800 | 2023 | +4.96% | +1.52% | View data |
| 9 | 9 United Arab Emirates | 762,010 | 2023 | +5.84% | +1.07% | View data |
| 10 | 10 Indonesia | 340,580 | 2023 | +4.54% | +0.6% | View data |
