The forecast for whole frozen lobsters production in capture fisheries for human consumption in the UK shows a steady decline from 2024 to 2028. The production value is projected to decrease from 120.12 thousand euros in 2024 to 110.61 thousand euros in 2028.
The year-on-year variation shows a decreasing trend, with the production value dropping consistently at an average of approximately 2.35% annually. The compound annual growth rate (CAGR) over this five-year period indicates a negative trajectory, highlighting a challenging outlook for this sector.
Future trends to watch:
- Impact of climate change on lobster habitats and their reproduction rates.
- Potential regulatory shifts in the UK fisheries policies post-Brexit.
- Technological advancements in sustainable fishing techniques.
