From 2013 to 2023, the value of fresh Norway lobster production in Germany's capture fisheries showcased significant fluctuations. Peaks occurred in 2016 and 2022 while a remarkable drop was noted in 2020, correlating with specific environmental or economic events. By 2023, the value stood at 5.95 thousand Euros per metric ton, a 21.49% decrease from 2022. The five-year CAGR recorded a minimal decline of 0.79%, reflecting overall volatility.
Forecasts from 2024 to 2028 suggest a steady increase, with the value anticipated to reach 6.74 thousand Euros per metric ton by 2028. This prediction implies a modest growth trend with a forecasted five-year CAGR of 1.99% and an overall growth rate of 10.38%.
Future trends to watch for include:
- Environmental changes impacting marine biology and capture volume.
- Economic policies affecting fishing quotas and seafood trade regulations.
- Market demand variability driven by consumer preferences and global seafood market dynamics.