In 2023, the UK's fresh lobster production in capture fisheries stood at a baseline of €7.97 thousand per metric ton. The forecast from 2024 onwards shows a steady upward trend with values expected to be €8.27 in 2024, increasing annually to reach €8.68 by 2028. This represents a compound annual growth rate (CAGR) across the five years of approximately 1.7%. Year-over-year growth projections are relatively stable, suggesting a consistent increase in market value.
Future trends to monitor include sustainable fishing practices and potential regulatory changes impacting production. Environmental factors and international market demand will also be key influences on the future of the UK lobster fisheries market.
