The import volume of frozen lobsters to Austria is forecasted to increase steadily from 2024 to 2028. Starting at 37.57 thousand kilograms in 2024, it is projected to reach 40.06 thousand kilograms by 2028. In comparison to 2023, the initial forecast for 2024 represents a pivotal point sparking a growth trajectory. The year-on-year growth rates are expected to hover around 1.7% to 1.8%. Specifically, the compound annual growth rate (CAGR) over the next five years is anticipated to be approximately 1.6%.
Key future trends to watch for include:
- Potential shifts in consumer preferences impacting demand for high-end frozen seafood.
- Global trade policies and their influence on import regulations and costs.
- Climate change affecting lobster supply and aquaculture practices.
- Technological advancements in cold chain logistics improving product quality and availability.