In 2023, Denmark's frozen lobsters production in capture fisheries stood at 3,319.2 thousand euros. The industry has seen significant fluctuations over the past few years, with notable year-on-year variations: a 72.53% increase in 2019, a 7.85% decline in 2020, an impressive 142.53% surge in 2021, a 19.2% rise in 2022, and a 9.05% growth leading to 2023. The compound annual growth rate (CAGR) over the past five years is 38.04%, indicating strong upward momentum in the industry.
Looking ahead, forecast data from 2024 to 2028 suggest continued growth, with a projected 5-year CAGR of 8.58% and an overall 5-year growth rate of 50.92%. By 2028, production is expected to reach 5,761.6 thousand euros.
Future trends to watch for:
- Potential market demand shifts due to changes in consumer preferences.
- Environmental regulations impacting capture fisheries.
- Technological advancements in fishing and production methods.
- Global economic conditions affecting export markets.
