The forecast for fresh Palinurid spiny lobster production in the UK capture fisheries shows a steady increase in value from 2024 to 2028, with prices ranging from 31.4 to 32.32 thousand euros per metric ton. This forecast suggests a gradual year-on-year growth, reflecting moderate inflation or increased demand dynamics following 2023. The compound annual growth rate (CAGR) over 2024-2028 indicates an average annual increase of approximately 0.7%.
Future trends to watch for include:
- Sustainable fishing practices affecting supply.
- Impact of climate change on lobster habitats.
- Market demand fluctuations influenced by global economic conditions.
