The US export of fresh or chilled lobsters stood at 56.634 million kilograms in 2023. Over the last two years, the year-on-year variation showed steady growth, with an increase of 2.48% in 2022 and 2.37% in 2023. The Compound Annual Growth Rate (CAGR) over the past five years (2019-2023) has been 2.57%, indicating a consistent upward trend in export volume.
The forecasted data predicts a continuation of this trend, with expected exports reaching 63.485 million kilograms by 2028. The forecasted CAGR over the next five years (2024-2028) stands at 1.8%, representing a cumulative growth of 9.32% by 2028.
**Future Trends to Watch For:**
- Impact of international trade policies on lobster exports.
- Changes in consumer preferences and demand in key export markets.
- Environmental factors affecting lobster populations and harvest volumes.
- Technological advancements in transport and storage affecting lobster shelf life.
