The production of whole fresh spiny lobster in Spain exhibited a fluctuating trend from 2013 to 2023, with notable peaks and troughs. In 2023, the production was valued at 2.1051 million Euros, showcasing significant year-on-year variations including a sharp decline of nearly 25% in 2023 following a robust increase of almost 32% in 2022.
Key variations over the past two years include:
- 2022: +31.98%
- 2023: -24.91%
Examining a longer-term trend, the CAGR over the last five years denotes an average annual growth of 6.93%. Forecasts from 2024 to 2028 suggest modest growth with a projected five-year CAGR of 0.66%, leading to an overall growth rate of 3.32% by 2028.
Future trends to watch for include potential impacts from changes in regulatory frameworks, shifts in consumer demand for fresh seafood, and the influence of environmental factors on capture fisheries. Technological advancements in fisheries management and sustainable practices may further shape the outlook for Spain's spiny lobster production.
