Key Market Indicators
The UK's lobster import and export is set to change significantly over the next five years. Imports are projected to reach 1.5 million kilograms by 2026, up 0.8% annually from 2021's total of 1.45 million kilograms. This is a decrease of 3.3% compared to 1998. In 2021, the UK ranked eighth in terms of imports, overtaken by Belgium with 1.45 million kilograms. China, South Korea and Italy came in second, third and fourth respectively. Exports are projected to reach 1.96 million kilograms by 2026, down 0.8% annually from 2021's total of 2.06 million kilograms. This is a decrease of 10.4% compared to 1998. In 2021, the UK ranked third in terms of exports, with the US taking first place at 2.06 million kilograms. The US, UK and Philippines took the top three spots in the rankings.