In 2023, the UK saw its whole frozen Norway lobster production value stand at an undisclosed amount prior to the forecasted period. From 2024 to 2028, the forecast indicates a steady year-on-year increase in the value expressed in thousand euros per metric ton, ranging from 7.59 in 2024 to 8.14 in 2028. The observed growth pattern registers a constant yearly increase, suggesting a favorable market development for this sector over the forecasted period.

Future trends to watch for include:

Potential impacts of climate change on lobster habitats which could affect production volumes and value.
Changes in EU-UK trade agreements post-Brexit that might influence exports.
Technological advancements in sustainable fishing practices which could improve efficiency and productivity.