Based on the provided data, fresh lobster production in Germany's capture fisheries for human consumption is forecasted to steadily increase from 122.7 metric tons in 2024 to 139.74 metric tons in 2028. This reflects a year-on-year growth of 3.51% on average between 2024 and 2028. Notably, in 2023, the production stood at 118.5 metric tons, showing a 3.55% increase from the previous year and aligning with the upward trend forecasted for the following years.
The average compound annual growth rate (CAGR) over the next five years is approximately 3.34%, indicating a consistent and sustainable rise in production.
- 2024: 122.7 metric tons (3.55% up from 2023)- 2025: 127.02 metric tons (3.52% up from 2024)- 2026: 131.31 metric tons (3.38% up from 2025)- 2027: 135.54 metric tons (3.22% up from 2026)- 2028: 139.74 metric tons (3.10% up from 2027)
Future trends to watch for include potential impacts of climate change on marine ecosystems, shifts in market demand, advancements in capture technology, and regulatory changes that could affect the sustainability and volume of lobster production.
