The production of frozen lobsters in capture fisheries for human consumption in Denmark has shown significant fluctuations from 2018 to 2023, with production standing at 333.7 metric tons in 2023. The year-on-year variation has ranged from -10.77% in 2022 to a high of 172.84% in 2021, culminating in a five-year CAGR of 39.66% by 2023.
Future trends suggest a steady increase in production, with forecasted growth leading to 437.2 metric tons by 2028. The average forecasted annual growth rate over the next five years is 3.7% with a total growth of 19.95% from 2024 to 2028.
Trends to watch for include:
- Changes in regulatory policies affecting capture fisheries.
- Technological advancements in fisheries management.
- Market demand shifts in response to global seafood consumption patterns.
- The impact of climate change on marine ecosystems and lobster populations.
- Trade dynamics and international competition affecting supply chains.
