In 2023, the production value of fresh shrimp in capture fisheries for human consumption in the UK was higher than the projections for 2024. Starting from 641.84 thousand Euros in 2024, the value is forecasted to sharply decline over the following years, with a year-on-year drop of approximately 24% by 2025, 30% by 2026, and 43% by 2027, eventually reaching 52.58 thousand Euros by 2028. The compound annual growth rate (CAGR) over this five-year period indicates a significant decrease in production value, highlighting the challenges facing the industry.
Future trends to watch for include changes in UK seafood consumption patterns, international trade policies affecting imports, and advancements in sustainable fishing practices that could impact domestic shrimp production levels and capabilities.
