As of 2023, the fresh Norway lobster production in capture fisheries for human consumption in the UK stood at a certain level. Moving forward, forecasts from 2024 to 2028 indicate a continuous decline in production value, from 28.339 million euros in 2024 to 24.823 million euros in 2028. This represents an approximate yearly decrease of 6% on average, reflecting a downward trend over this forecasting period. The compound annual growth rate (CAGR) over these years is negative, highlighting a consistent decline.
Future trends to watch include potential impacts of environmental changes on fisheries, policy adjustments post-Brexit affecting trade and quotas, and shifts in consumer demand towards sustainable seafood options which might alter production dynamics and economic value. These factors could either exacerbate or mitigate the declining trend in Norway lobster production.
