The forecast for Frozen Norway Lobster production values in the UK from 2024 to 2028 reveals a gradual increase, starting at 8.67 thousand euros per metric ton in 2024 and reaching 9.44 by 2028. Compared to 2023, where the value stood at approximately 8.50, the forecasted series indicates a steady growth. The year-on-year increase is consistent, averaging around 2% per annum. This trend suggests a positive outlook, with a five-year CAGR of roughly 2.15%, reflecting healthy growth in production values.
Future trends to watch include potential impacts of climate change on lobster habitats, changes in fishing regulations, and market demand shifts driven by consumer preferences and global economic factors. These variables could influence both capture quantities and market prices in the coming years.
