In 2023, the value of fresh Norway lobster production for human consumption in the UK was at a certain baseline. The forecast from 2024 to 2028 indicates a consistent upward trend in value per metric ton, from 7.33 thousand Euros in 2024 to 7.81 thousand Euros in 2028. This represents a steady year-on-year increase ranging around 1.66% annually. The compound annual growth rate (CAGR) projected over these five years reflects a stable positive growth trajectory.
Future trends to watch for include potential fluctuations in market demand and environmental factors impacting lobster populations, regulatory changes, and advances in fishing technology that may influence production efficiencies and pricing.
