What is the price of lobster per kilogram/pound in Bahamas today?
The retail price range for Bahamas lobster is between US$ 16.15 and US$ 24.70 per kilogram or between US$ 7.32 and US$ 11.20 per pound(lb). Click here to see today's exact prices of lobster in Bahamas
The retail price range in Bahamian dollar for lobster is between BSD 16.15 and BSD 24.70 per kilogram or between BSD 7.32 and BSD 11.20 per pound(lb) in Nassau and Freeport.
Wholesale prices
In 2024, the approximate wholesale price range for Bahamas lobster is between US$ 11.30 and US$ 17.29 per kilogram or between US$ 5.13 and US$ 7.84 per pound(lb).
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Bahamas Lobster Export Prices - Historical, Trends and Prediction
The export price per kilogram of Lobster from Bahamas over the last five years has been quite varied. In 2017, the price was 32.98 US $ per kg, followed by a slight increase to 34.66 US $ per kg in 2018. In 2019, the price jumped to 40.77 US $ per kg, before dropping to 36.95 US $ per kg in 2020. The most recent year, 2021, saw the highest price of 44.94 US $ per kg. Based on this data, it is likely that the export price of Lobster from Bahamas will continue to increase in the coming years, with an estimated price of around 47.00 US $ per kg in 2023 and 49.00 US $ per kg in 2024.Bahamas Lobster Import Prices - Historical, Trends and Prediction
The import price per kilogram of Lobster into Bahamas over the last five years has been quite volatile. In 2016, the price was 32.29 US dollars per kg, which was followed by a slight increase to 32.98 US dollars per kg in 2017. However, in 2018, the price dropped to 34.66 US dollars per kg and then rose again to 40.77 US dollars per kg in 2019. The price then dropped to 36.95 US dollars per kg in 2020 and increased to 44.94 US dollars per kg in 2021. Based on the trend of the last five years, it is likely that the import price per kilogram of Lobster into Bahamas will continue to increase in the coming years. We can predict that the import price per kilogram of Lobster into Bahamas in 2023 will be around 47.00 US dollars per kg and in 2024 it will be around 50.00 US dollars per kg.Export values for Bahamas lobster
The total values in export for lobster in the Bahamas were US$ 35,716, US$ 78,695, US$ 74,699 and US$ 76,567 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in Bahamas: Sea Bass, Sea Bream, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel, Cuttlefish & Squid & Octopus.
See prices of lobster in other countries across Caribbean: Aruba lobster, Bahamas lobster, Barbados lobster, Cuba lobster, Dominican Republic lobster, Grenada lobster, Guadeloupe lobster, Haiti lobster, Jamaica lobster & Martinique lobster.
Bahamas lobster - Production, Exports, Imports, Seasons and HS Codes
In 2019 The Bahamas sold 1,836 tonnes of lobster. In 2019 alone, the market for the Bahamas lobster (seafood category) has gone down, changing by -14.803 pc compared to the year 2018. Between 2017 and 2019, lobster's exports decreased by -23.05 pc netting the Bahamas US$76.57m for the year 2019. the Bahamass' lobster exports are categorised as:
- Lobsters "Homarus spp.", whether in shell or not, live, fresh or chilled (HS code 030632)
- Norway lobsters "Nephrops norvegicus", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030625)
- Frozen lobsters "Homarus spp.", even smoked, whether in shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030612)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", whether in shell or not, dried, salted, smoked or in brine, incl. in shell, cooked by steaming or by boiling in water (HS code 030691)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, dried, salted, smoked or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030694)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", whether in shell or not, live, fresh or chilled (HS code 030631)
- Lobsters "Homarus spp.", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030622)
- Frozen rock lobster and other sea crawfish "Palinurus spp.", "Panulirus spp." and "Jasus spp.", even smoked, whether in shell or not, incl. rock lobster and other sea crawfish in shell, cooked by steaming or by boiling in water (HS code 030611)
- Rock lobster and other sea crawfish "Palinurus spp., Panulirus spp. and Jasus spp.", even smoked, whether in shell or not, live, fresh, chilled, dried, salted or in brine, incl. in shell, cooked by steaming or by boiling in water (HS code 030621)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, live, fresh or chilled (HS code 030634)
- Lobsters "Homarus spp.", whether in shell or not, dried, salted, smoked or in brine, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030692)
- Lobster (HS code 0306Xd)
- Lobster, prepared or preserved (excluding smoked) (HS code 160530)
- Frozen Norway lobsters "Nephrops norvegicus", even smoked, whether in shell or not, incl. lobsters in shell, cooked by steaming or by boiling in water (HS code 030615)
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Bahamas lobster export values
In 2019, the Bahamas shipped lobster costing 76.57m USD, an increment of 2.50% from 2018's total lobster export of 74.699m USD. The yearly change in value of the Bahamas lobster between 2017 to 2018 was -5.078%.
The yearly variation in the quantity of the Bahamass' lobster exports between 2017 and 2019 was -23.05 per cent in comparison to a variation of -14.803% in the period between 2018 and 2019.
Export markets for Bahamas lobster ( in '000$ )
the Bahamas ordered 29 tonnes of lobster in 2019.