Forecast: Whole Fresh European Lobster Production in Capture Fisheries in France

The annual production of whole fresh European lobster in capture fisheries in France has shown considerable variability between 2013 and 2023, with production standing at 313.91 metric tons in 2023. The year-on-year variations reveal fluctuations mainly driven by environmental conditions and potentially regulatory changes impacting capture fisheries. In recent years, there was a noticeable decline in 2021, followed by partial recovery in 2022 and modest growth in 2023. Over the last five years, the compound annual growth rate (CAGR) was -2.9%, highlighting an overall reduction trend. However, forecasts suggest a positive trend with a five-year CAGR of 1.71%, with production predicted to incrementally rise to 350.09 metric tons by 2028.

Future trends to watch for include:

  • Environmental impact: Changes in sea temperatures and ecosystem health.
  • Regulatory changes: New fishing quotas or sustainability initiatives.
  • Market demand: Shifts in consumer preferences and export demands.
  • Technological advancements: Improvements in capture and supply chain efficiencies.

Top Countries about Lobster