What is the price of lobster per kilogram/pound in Iceland today?
The retail price range for Iceland lobster is between US$ 14.70 and US$ 19.11 per kilogram or between US$ 6.66 and US$ 8.67 per pound(lb). Click here to see today's exact prices of lobster in Iceland
The retail price range in Iceland Krona for lobster is between ISK 2,058.21 and ISK 2,676.47 per kilogram or between ISK 933.43 and ISK 1,213.82 per pound(lb) in Reykjavík and Akureyri.
Wholesale prices
In 2024, the approximate wholesale price range for Iceland lobster is between US$ 10.29 and US$ 13.38 per kilogram or between US$ 4.67 and US$ 6.07 per pound(lb).
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Prices of other produce in the Seafood category in Iceland: Sea Bass, Sea Bream, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel, Cuttlefish & Squid & Octopus.
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Iceland lobster - Production, Exports, Imports, Seasons and HS Codes
The volume of lobster sold by Iceland in 2020 was 109 tonnes. In 2019 Iceland sold 166 tonnes of lobster. For 2019 alone, the market for Iceland lobster (seafood category) has reduced, with a change of -65.053 pc compared to the year 2018. Between 2017 and 2019, lobster's exports reduced by -77.1 pc netting Iceland US$4.99m for the year 2019. Iceland's lobster exports are classified as:
- 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)
- 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)
- 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.", 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", 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 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)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, live, fresh or chilled (HS code 030634)
- 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)
- Lobsters "Homarus spp.", whether in shell or not, live, fresh or chilled (HS code 030632)
- Lobster, prepared or preserved (excluding smoked) (HS code 160530)
- 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)
- 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)
- 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)
- Lobster (HS code 0306Xd)
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Iceland lobster export values
In 2019, Iceland supplied lobster valued at 4.99m USD, a drop of -56.33% from 2018's total lobster export of 11.426m USD. The yearly reduction in value of Iceland lobster between 2017 to 2018 was -32.59 per cent.
The per year variation in the amount of Iceland's lobster exports between 2017 and 2019 was -77.1% in comparison to a variation of -65.053% in the period between 2018 and 2019.
Iceland's stake of the world's total lobster's exports in 2019 was less than 1%. Iceland holds position 72 in world exports of lobster.
Export markets for Iceland lobster ( in '000$ )
Import/Export Trends
Iceland is a net importer of lobster. The annual growth of Iceland lobster in value between 2015 to 2019 was -40%, per year, while annual growth in quantity through the same period was %, per annum.
Iceland purchased 218 tonnes of lobster in 2019.