The forecast for frozen lobster imports to the US anticipates growth from 2024 to 2028, with values starting at $591.36 million in 2024 and increasing to $669.20 million by 2028. This trend indicates a steady year-on-year growth averaging 3% per annum over the five-year period. In 2023, the import value stood at approximately $575 million, highlighting a clear upward trajectory in demand. Overall, imports are projected to grow by 13.2% from 2024 to 2028.

Key future trends to watch include:

Changing consumer preferences and demand for seafood sustainability.
Impact of global economic conditions on pricing and supply chain stability.
Potential regulatory changes impacting seafood imports.
Influence of climate change on the seafood industry's supply sources and practices.