In 2023, the total Norway lobster production in capture fisheries in Germany was valued at €6.11 thousand per metric ton. Forecasts suggest a steady increase in value, with a year-on-year growth of about 2.62% in 2024 and continuing similarly through to 2028, reaching €6.74 thousand per metric ton. The compound annual growth rate (CAGR) over this five-year forecast period is approximately 2.49%.
Future trends to watch for include:
- Potential changes in market demand driven by consumer preferences and sustainability considerations.
- Environmental factors influencing Norway lobster habitats and capture efficiency.
- Regulatory changes in the fishing industry that could impact production capabilities and costs.