The import of fresh or chilled lobsters to the UK is expected to increase steadily from 2024 to 2028, starting at 1.4948 million kilograms and reaching 1.5497 million kilograms. In 2023, imports stood at 1.481 million kilograms. Year-on-year growth rates indicate a consistent rise, reflecting positive market dynamics. Looking at a five-year Compound Annual Growth Rate (CAGR), the average annual growth is expected to remain modest but stable.
Future trends to watch for include:
- Changes in consumer preferences towards sustainable and locally sourced seafood.
- The impact of regulatory measures on import activities.
- Global economic conditions affecting seafood prices and demand.