The forecasted data for whole fresh shrimp production in capture fisheries in the UK from 2024 to 2028 predicts a dramatic decline. Starting from a value of 682.9 thousand euros in 2024, the production is expected to steadily decrease, reaching 102.92 thousand euros by 2028. This represents a considerable year-on-year decrease, highlighting a notable contraction in the industry over this period. The compound annual growth rate (CAGR) over these five years is negative, underscoring the persistent decline in production.
Future trends to watch for include the potential impact of environmental regulations, changes in consumer preferences towards sustainable seafood, and advancements in aquaculture technology that might influence the market dynamics and shift focus away from capture fisheries. Additionally, global economic factors and trade policies could play a significant role in shaping the landscape of shrimp production in the UK.
