Based on historical data up to 2023, the export of fresh or chilled lobsters from Denmark has exhibited considerable volatility over the past decade. In 2023, exports stood at 103.2 thousand kilograms, reflecting a year-on-year growth of 5.07%. Previous years show significant fluctuations, such as a notable increase of 124.99% in 2019 followed by a 17.48% decrease in 2020. Over the last 5 years, the CAGR has averaged at 18.06%, indicating robust growth overall despite occasional declines.
Looking ahead, the forecast data suggest a continued upward trend, with exports expected to reach 129.23 thousand kilograms by 2028. The forecasted five-year CAGR stands at 3.53%, translating to an overall growth rate of 18.92% over this period. This indicates a more steady but positive growth trajectory compared to historical volatility.
Future trends to watch for:
- Potential impact of global economic conditions on export demand.
- Influence of sustainable and responsible fishing practices on supply capabilities.
- Effects of international trade policies and tariffs on market access.
- Technological advancements in aquaculture and logistics that may enhance supply chain efficiency.
