In 2023, the production value for whole fresh lobsters in Germany's capture fisheries was not specified; however, starting from 2024, it is projected to grow steadily from 7.17 Thousand Euros per Metric Ton to 8.19 by 2028. The year-on-year growth rates are approximately 3.6% between 2024 and 2025, 3.4% from 2025 to 2026, 3.4% from 2026 to 2027, and 3.1% from 2027 to 2028. The five-year Compound Annual Growth Rate (CAGR) is expected to be around 3.4%, indicating consistent growth in value.
Future trends to watch out for include:
- Potential shifts in consumer preferences towards sustainable seafood.
- Impact of regulations on lobster fisheries affecting supply and prices.
- Exchange rate fluctuations influencing the cost and profitability of lobster imports.
- Advancements in aquaculture technologies that may impact capture fisheries.
