The production value of fresh lobsters in the UK capture fisheries has shown fluctuating trends over the past decade, reaching 176.79 million Euros in 2023. The period from 2013 to 2023 saw an average annual increase (CAGR) of 4.94%. Major peaks and troughs included a significant drop in 2018 and a substantial boost in 2019.
The last two years (2022-2023) experienced modest growth with respective year-on-year increases of 1.03% and 1%. Forecasts for 2024-2028 project a more stable but modest annual growth of 0.79%, culminating in a 4.02% overall growth by 2028, reaching 185.89 million Euros.
Future trends to watch for include:
- The impact of environmental policies on capture fisheries.
- Technological advancements in fishing techniques.
- Shifts in consumer demand and export market dynamics.
- Climate change effects on lobster populations.
