In 2023, the frozen lobster production in capture fisheries for human consumption in the UK was valued at approximately 7.65 thousand euros per metric ton. Since 2024, a declining trend is projected with a year-on-year decrease of around 1% to 2% annually, reaching a forecasted value of 7.23 by 2028. Over these five years, the compound annual growth rate (CAGR) is negative, indicating a consistent decrease in value.
Key future trends to watch include:
- Potential impacts of climate change on lobster habitats affecting supply.
- Shifts in consumer preferences toward sustainable seafood options.
- Evolving trade regulations post-Brexit that may influence import/export dynamics.