The production value of cooked lobsters in capture fisheries for human consumption in Spain has seen considerable fluctuations over the past decade. After initial growth from 2013 to 2017, there was a decline in 2018, followed by a significant rise in 2019 and varied performance in subsequent years. The value stood at 30.25 Thousand Euros per Metric Ton in 2023. The year-on-year variations over the last two years have been 16.52% in 2022 and 0.9% in 2023, indicating stabilization in recent growth. The average annual growth rate (CAGR) over the past five years has been 8.07%.
Looking forward, from 2024 onwards, a rise in production value is forecasted, with the value expected to reach 35.96 Thousand Euros per Metric Ton by 2028. The forecasted average annual growth rate for the next five years is 2.74%, indicating a steady growth trend
Future trends to watch for:
- Environmental sustainability and regulatory impacts on capture fisheries.
- Technological advancements in lobster capture and processing.
- Market demand fluctuations influenced by seafood consumption trends.
- Economic impacts of global trade policies on the seafood industry.
