The production of tails fresh Norway lobster in Germany's capture fisheries is on a subtle upward trend from 2024 to 2028. In 2023, the production figure was lower at 7.00 metric tons, indicating a gradual increase in the subsequent years. The year-on-year growth shows a steady rate, with a 1.83% increase from 2024 to 2025, and 1.39% from 2025 to 2026, with slight deceleration reflected in subsequent years, 1.10% between 2026 to 2027, and 0.81% from 2027 to 2028. The compound annual growth rate (CAGR) over the five-year horizon notes consistent confidence in supply expansion in this sector.
Future trends to watch for:
- Sustainability practices in capture fisheries due to environmental awareness.
- Impact of climate change on Norway lobster habitats.
- Technological advancements improving capture and supply chain efficiency.
- Shifts in consumer preferences potentially influencing demand for Norway lobster.
- Regulatory changes affecting fishing quotas and production levels.