The production of whole frozen lobsters in Spain's capture fisheries has shown significant variability over the historical period. From a high of 177.09 metric tons in 2013, production experienced sharp declines, most notably an 85.17% drop in 2015. The years following saw varied performance with notable increases in 2016 (180.6%) and 2018 (58.38%), yet also significant decreases, such as in 2019 and 2021. By 2023, actual production stood at 102.75 metric tons, marking a 59.75% increase from 2022. The compound annual growth rate (CAGR) over the last 5 years up to 2023 was -0.81%.
Looking forward, the forecasted production indicates moderate growth, reaching 109.22 metric tons by 2028. The forecasted 5-year CAGR is 0.97%, translating to an overall growth rate of 4.94% from 2023 to 2028. Future trends to watch include potential impacts of climate change on marine ecosystems, changes in fishing regulations, and market demand fluctuations for seafood, which could all significantly impact lobster production volumes in coming years.
