Global trading platform TridgeGlobal trading platform TridgeGlobal trading platform Tridge
Intelligence & Data
Sign In
Current Plan
Intelligence & Data Solution
Get started with Premium Plan of our Intelligence & Data Solution to get access to premium content and data in food and agriculture
Data Analysis

Lobster Demand Rises, High Prices in China and US Markets

Fresh Common Lobster
Crustacean
Fresh Common Lobster
China
United States
Price Trend

Summary

The wholesale price of Western Red lobster in China increased +31.67%YoY to 139.64 USD/KG in W2 October 2021, while the wholesale price of lobster in the US rose +46.22% to 20.92 USD/KG in the same period. The US and China were the top importing countries of Canadian lobsters. The decline in exports last year caused the value of Canadian lobster exports to the US and China to decline to USD 446.14M and USD 24.06M respectively. This year, the post-pandemic situation made the demand for Canadian lobsters skyrocket, which also affected price increases in the importer market.
Oct 12, 2021
By Fardhani Pradipta
Was this insight helpful?
Are you interested in our data?
By clicking “Accept Cookies,” I agree to provide cookies for statistical and personalized preference purposes. To learn more about our cookies, please read our Privacy Policy.