In 2023, the total Norway lobster production in UK capture fisheries stood at 6.46 thousand euros per metric ton. Projections for the years 2024 to 2028 indicate a steady increase in value, with annual increments of approximately 0.06 thousand euros per metric ton. This stable upward trend suggests consistent growth, maintaining an average year-on-year increase of approximately 0.92%. Over the five-year forecast period, the compound annual growth rate (CAGR) is about 0.89%, highlighting a sustainable trajectory.
Future trends to watch for include potential impacts of environmental changes on Norway lobster habitats, as well as market demands influencing prices. Regulatory shifts or technological advancements in fishing practices may also affect production volumes and values.
