Forecast: Whole Fresh European Lobster Production in Capture Fisheries in Spain

The whole fresh European lobster production in Spain's capture fisheries showcased noticeable fluctuations from 2013 to 2023. Starting from 9.63 metric tons in 2013, the industry saw an increase, peaking at 21.85 metric tons in 2021, before incrementally rising to 26.59 metric tons in 2023. Recent year-on-year variations were 20.18% in 2022 and 1.26% in 2023. The average annual growth rate (CAGR) over the last five years up to 2023 stood at 13.33%.

Future projections from 2024 onwards indicate stable growth, with a forecasted 5-year CAGR of 2.31% and a forecasted 5-year growth rate of 12.1%, reaching 30.76 metric tons by 2028.

Future trends to watch for:

  • Impact of changing environmental regulations on fishing quotas.
  • Advancements in sustainable fishing techniques.
  • Market demand fluctuations influenced by consumer preferences and economic factors.
  • Technological advancements in aquaculture that may affect the wild capture market.

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