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.