The production value of alive fresh European lobster in the Netherlands has experienced significant fluctuations over the past decade. The value peaked in 2017 at 1116.1 thousand euros but saw substantial declines in subsequent years, including a notable drop of 34.04% from 2017 to 2018. The period between 2019 and 2021 was marked by a consistent decline, but by 2022, there was a strong 47.1% recovery, followed by a modest 4.58% growth in 2023. The Compound Annual Growth Rate (CAGR) from 2018 to 2023 was 0.19%, reflecting overall market stability.
Looking ahead, the forecast suggests a steady rise in the production value, with an expected CAGR of 5.05% from 2024 to 2028, leading to an overall growth rate of 27.95%. This indicates a positive outlook for the industry over the next five years.
Future trends to watch for include:
- Technological advancements in capture fisheries that could improve efficiency.
- Sustainability practices becoming more prevalent, potentially affecting supply and demand.
- Global market demand fluctuations due to economic factors or changes in consumer preferences.
- Regulatory changes within the European Union impacting fishing quotas and export regulations.
