The production value of fresh lobsters in capture fisheries in Germany has shown a significant upward trend from 2013 to 2023, rising from 4.54 thousand euros per metric ton to 20.61 thousand euros per metric ton. This represents a notable growth, particularly over the last five years, with a compound annual growth rate (CAGR) of 27.42%. The most substantial increase occurred in 2021, with a year-on-year rise of 131.73%. Although there was a dip in 2017 and 2018, the trend has been predominantly positive, especially evident with an 18.11% increase in 2022 and a 6.72% increase in 2023.
Looking forward, the forecasted data indicates a continued positive trajectory from 2024 to 2028, with the value expected to reach 26.96 thousand euros per metric ton by 2028. The forecasted CAGR from 2024 to 2028 is 4.24%, suggesting steady growth with a total forecasted growth rate of 23.06% over these five years.
Future trends to watch for include potential impacts of climate change on lobster habitats, changes in international trade policies, and advancements in sustainable fisheries management. Additionally, evolving consumer preferences and the demand for high-quality seafood could further influence the market dynamics for fresh lobsters.
