In 2023, the UK imported prepared or preserved lobster valued at approximately 10.6 million US dollars. The forecast data suggests a consistent upward trend, with predictions showing an increase to 15.116 million US dollars by 2028. This indicates a year-on-year growth ranging from about 8% to 9% annually. The compound annual growth rate (CAGR) from 2024 to 2028 suggests a steady increase in demand.
Future trends to watch for:
- Potential impact of changing trade policies following Brexit on seafood imports.
- Shifts in consumer preferences towards sustainable and locally sourced seafood products.
- Fluctuations in currency exchange rates affecting import values.
