In 2023, the import of fresh or chilled lobsters to the UK stood at approximately 24.64 million USD. The forecast from 2024 to 2028 shows a steady increase, with imports projected to reach 27.104 million USD by 2028. The Compound Annual Growth Rate (CAGR) over these five years is approximately 2%. Year-on-year growth demonstrates a consistent upward trend, reflecting a stable demand within the UK market.
Future trends to watch for include:
- Impact of post-Brexit trade agreements on lobster imports.
- Fluctuations in global lobster supplies due to climate change.
- Changes in consumer preferences towards sustainable seafood options.
- Potential increases in domestic lobster production.