Forecast: Tails Fresh Lobsters Production in Capture Fisheries in the UK

In 2023, the production value of tails fresh lobsters in the UK's capture fisheries stood at 6.87 thousand euros per metric ton. Forecasts from 2024 to 2028 indicate a steady increase in value, reaching 7.28 thousand euros per metric ton by 2028. The year-on-year percentage variation shows a gradual upward trend, with average annual growth (CAGR) over the next five years expected to be around 1.36%. This consistent growth suggests stable market conditions and potentially increasing demand or enhanced market price dynamics.

Future trends to watch for include:

  • Sustainability practices and their impact on lobster yield and pricing.
  • Potential changes in consumer preferences towards seafood and their effects on demand.
  • Regulatory changes in the fisheries sector that could influence production costs.
  • Impact of climate change on lobster habitats impacting supply volumes and quality.

Top Countries about Lobster