The forecast for fresh European lobster production in UK capture fisheries from 2024 to 2028 indicates a steady annual increase in value, reaching 17.13 in 2024 and 17.96 Thousand Euros per Metric Ton by 2028. In 2023, the actual value stood at approximately 16.92. The year-on-year percentage change from 2023 to 2024 is about 1.24%, and the same percentage growth continues annually until 2028. The Compound Annual Growth Rate (CAGR) over the five years from 2024 to 2028 is estimated at 1.24%.
Future trends to watch for include:
- Market dynamics impacted by regulatory changes.
- Potential environmental challenges affecting lobster habitats.
- The influence of consumer preferences on fresh seafood demand.
- Fluctuations in export markets and international trade policies affecting the UK.
