Forecast: Whole Fresh European Lobster Production in Capture Fisheries in France

As of 2023, the whole fresh European lobster production in capture fisheries in France stood at 28.7 thousand euros per metric ton. The forecast for the period from 2024 to 2028 shows an annual increase in value, starting at 30.02 thousand euros per metric ton in 2024 and rising to 35.5 thousand euros per metric ton by 2028. This represents a compound annual growth rate (CAGR) of approximately 4.25% over the forecasted five-year period. Year-on-year growth rates reveal steady increases, with notable upward momentum reflecting positive market conditions and potential recovery from historical lows.

Future trends to watch for:

  • Impact of environmental regulations on capture fisheries.
  • Potential shifts in consumer demand towards sustainably sourced seafood.
  • Fluctuations in economic conditions that could influence purchasing power and market prices.
  • Advancements in fishing technology and their potential effect on productivity.

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