In 2024, the forecast for prepared or preserved lobster imports to the US is valued at 278.62 million USD, indicating a steady increase from actual figures in 2023. The imports are projected to grow at a year-on-year rate of approximately 1.93% in 2025 and continue a consistent upward trend through 2028 with a compound annual growth rate (CAGR) of about 1.47% over the five-year period. This suggests a consistent demand for lobster imports.
Future trends to watch for include:
- Potential impacts of climate change on lobster populations, affecting supply and cost.
- Changes in international trade policies that could influence import regulations and tariffs.
- Evolving consumer preferences towards sustainable and locally-sourced seafood options.