Forecast: Whole Frozen European Lobster Production in Capture Fisheries in the UK

In 2023, the production value of whole frozen European lobster in UK capture fisheries stood at €15.36 thousand per metric ton. Starting from 2024, it is forecasted at €15.54 thousand, showing a gradual annual increase through to 2028, reaching €16.27 thousand. Year-on-year projected growth rates are consistent, typically around 1.1% annually, indicating stable market conditions. The compound annual growth rate (CAGR) over the five-year forecasted period is approximately 1.2%.

Future trends to monitor include:

  • Market responses to sustainability initiatives and regulatory changes affecting capture fisheries.
  • Variations in consumer demand influenced by economic shifts or cultural trends.
  • Technological advancements in fishing and storage that could impact production efficiency and costs.

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