In 2023, the value of frozen European flying squid production in capture fisheries for human consumption in the UK was not provided. Forecasted data suggests a downward trend from 2024 to 2028. The year-on-year decline begins with a decrease from 2024 to 2025 by approximately 9.4%, continuing at a similar rate annually, reaching 293.42 Euros per metric ton by 2028. Over the five-year period, the compounded annual growth rate (CAGR) indicates a consistent contraction in value.
Future trends to monitor include:
- Potential changes in EU fisheries regulations impacting squid capture.
- Evolving consumer demand for seafood and market prices.
- Technological advancements in capture and processing, affecting supply chain efficiency and cost.