The production of whole frozen lobsters in the UK capture fisheries has witnessed significant fluctuation from 2013 to 2023. The value stood at €1,195.8 thousand in 2023. Key observations include a substantial increase in 2015 and 2017, followed by a sharp decline in 2018. A steady recovery began in 2019, with continued growth leading up to 2023. Year-on-year variation ranged from -70.08% in 2018 to 255.57% in 2017, reflecting volatility. The average annual growth rate over the last five years (2018-2023) settled at 3.79%, indicating more consistent growth.
Future trends to watch for include:
- Improved sustainability practices
- Market demand shifts driven by consumer preferences
- Impact of climate change on lobster populations and capture
- Technological advancements in fisheries
