What is the price of lobster per kilogram/pound in Madagascar today?
The retail price range for Madagascar lobster is between US$ 17.41 and US$ 31.92 per kilogram or between US$ 7.90 and US$ 14.48 per pound(lb). Click here to see today's exact prices of lobster in Madagascar
The retail price range in Malagasy Ariary for lobster is between MGA 77,033.63 and MGA 141,228.32 per kilogram or between MGA 34,935.89 and MGA 64,049.12 per pound(lb) in Antananarivo and Toamasina.
Wholesale prices
In 2024, the approximate wholesale price range for Madagascar lobster is between US$ 12.19 and US$ 22.34 per kilogram or between US$ 5.53 and US$ 10.13 per pound(lb).
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Madagascar Lobster Export Prices - Historical, Trends and Prediction
The export price per kilogram of Lobster from Madagascar over the last five years has been relatively stable. In 2017, the price was 14.64 US $ per kg, followed by 12.55 US $ per kg in 2018. In 2019, the price increased to 13.56 US $ per kg, and then to 14.89 US $ per kg in 2020. The price then dropped to 16.06 US $ per kg in 2021, and finally to 12.54 US $ per kg in 2022. Based on this data, it is predicted that the export price per kilogram of Lobster from Madagascar in 2023 will be around 14.00 US $ per kg, and in 2024 will be around 13.00 US $ per kg.Madagascar Lobster Import Prices - Historical, Trends and Prediction
The import price per kilogram of Lobster into Madagascar over the last five years has been quite volatile. In 2017, the price was 14.64 US dollars per kg, followed by a decrease to 12.55 US dollars per kg in 2018. In 2019, the price increased to 13.56 US dollars per kg, and then rose again to 14.89 US dollars per kg in 2020. The price then dropped to 12.54 US dollars per kg in 2021, before increasing to 16.06 US dollars per kg in 2022. Based on this trend, it is predicted that the import price per kilogram of Lobster into Madagascar in 2023 will be 14.89 US dollars per kg, and in 2024 it will be 12.54 US dollars per kg.Export values for Madagascar lobster
The total values in export for lobster in Madagascar were US$ 3,781, US$ 5,169, US$ 4,367 and US$ 3,322 in US dollar thousand for the years 2016, 2017, 2018 and 2019 in that order.
Prices of other produce in the Seafood category in Madagascar: Sea Bass, Sea Bream, Shrimps & Prawns, Crabs, Crustaceans, Oysters, Scallops, Blue Mussel, Cuttlefish & Squid & Octopus.
See prices of lobster in other countries across Africa: Algeria lobster, Angola lobster, Botswana lobster, Burundi lobster, Cameroon lobster, Cape Verde lobster, Central African Republic lobster, Comoros lobster, DRC Congo lobster & Benin lobster.
Madagascar lobster - Production, Exports, Imports, Seasons and HS Codes
The volume of lobster sold by Madagascar in 2020 was 223 tons. In 2019 Madagascar shipped 245 tonnes of lobster. Through 2019 alone, the demand for Madagascar lobster (seafood category) has gone down, changing by -29.598 % compared to the year 2018. Between 2017 and 2019, lobster's exports reduced by -30.59 pc earning the exporter US$3.32m for the year 2019. Madagascar's lobster exports are classified as:
- 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)
- 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)
- 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)
- 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)
- 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)
- Lobster, prepared or preserved (excluding smoked) (HS code 160530)
- 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)
- 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)
- 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)
- Lobster (HS code 0306Xd)
- 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)
- Norway lobsters "Nephrops norvegicus", whether in shell or not, live, fresh or chilled (HS code 030634)
- Lobsters "Homarus spp.", whether in shell or not, live, fresh or chilled (HS code 030632)
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Madagascar lobster export values
In 2019, Madagascar sold lobster valued at 3.32m USD, a drop of -23.98% from 2018's total lobster export of 4.367m USD. The annual change in value of Madagascar lobster between 2017 to 2018 was -15.516 pc.
The per year change in the quantity of Madagascar's lobster exports between 2017 and 2019 was -30.59% compared to a variation of -29.598% in the period between 2018 and 2019.
Export markets for Madagascar lobster ( in '000$ )
Madagascar procured 0 tonnes of lobster in 2019.