March 6, 2023 — The value of the U.S. state of Maine’s commercial fisheries is back in line with historical norms after high lobster prices resulted in a a record-breaking 2021 haul.
The total value of all Maine’s commercial landings reached USD 574 million (EUR 537 million) in 2022, a 37 percent drop from the all-time high of USD 890 million (EUR 832 million) earned in 2021. Despite the drop, the Maine Department of Marine Resources (DMR) said that the value is in line with historical norms, as the average value of all fisheries for the period spanning 2011 to 2020 is USD 586 million (EUR 548 million).