In 2023, Belgium and Italy led global prepared or preserved lobster imports, with imports valued significantly higher than other nations. Despite some countries experiencing declines, such as South Korea and Japan, there were notable increases, especially in Denmark and Switzerland. The past year's data exhibits a varied trend where some countries witnessed growth, while others had reductions, indicating a dynamic shift in the market. Over the past five years, the compound annual growth rate (CAGR) reflects such varying momentum in different countries' import dynamics.
Future trends to watch include potential growth in emerging markets such as Indonesia and the Philippines, driven by increasing demand in the Asia-Pacific region. Additionally, sustained growth in Western European nations like Belgium and Italy could continue to dominate the market. Factors like changing consumer preferences and economic conditions will play a crucial role in shaping the global outlook for lobster imports.
Top countries in Prepared or Preserved Lobster Imports Share by Country (US Dollars)
| # | 10 Countries | Percent | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Belgium | 19.7 | 2023 | -0.67% | +20.55% | View data |
| 2 | 2 Italy | 19.37 | 2023 | +9.98% | +23.81% | View data |
| 3 | 3 South Korea | 17.75 | 2023 | +26.34% | -1.54% | View data |
| 4 | 4 France | 12.06 | 2023 | -0.98% | -1% | View data |
| 5 | 5 Germany | 5.9 | 2023 | +10.51% | +2.03% | View data |
| 6 | 6 Denmark | 5.15 | 2023 | -3.26% | +28.85% | View data |
| 7 | 7 Japan | 4.96 | 2023 | -0.99% | -23.33% | View data |
| 8 | 8 Netherlands | 2.86 | 2023 | +6.48% | +10.23% | View data |
| 9 | 9 Bulgaria | 2.83 | 2023 | +3.16% | +5.72% | View data |
| 10 | 10 Philippines | 2.38 | 2023 | +4.79% | +2.25% | View data |
