The forecast for whole frozen Norway lobster production in the UK, from 2024 to 2028, captures a clear downward trend. Starting at 10.56 metric tons in 2024, the production is expected to decline consistently, reaching 6.06 metric tons by 2028. This indicates a year-on-year decline, with an accumulated decrease over the five years. The compound annual growth rate (CAGR) for this period reflects this negative trajectory.

Future trends to watch for:

Investigate factors driving the decline, such as environmental regulations, shifts in demand, or changes in fishing practices.
Monitor advancements in sustainable fishing technologies that could stabilize or increase future production.
Consider the impact of international trade relationships and Brexit on the UK’s seafood industry.
Evaluate consumer preferences and shifts towards sustainable and certified seafood options.