Forecast: Fresh Norway Lobster Production in Capture Fisheries in Germany

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.

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