The UK production of whole frozen shrimp in capture fisheries for human consumption is forecasted to decline over the period from 2024 to 2028. Starting at 3.87 thousand Euros per metric ton in 2024, it is expected to decrease to 2.36 by 2028. This trend represents a year-on-year decrease, with a notable cumulative annual growth rate (CAGR) evidencing a continuous downward trend. The diminishing value indicates potential challenges impacting this sector such as sustainability issues, changing consumer preferences, or regulatory impacts since actual data from 2023 is not provided for comparison.
Future trends to watch for include:
- Potential shifts towards aquaculture as an alternative source.
- Changes in fisheries policies related to sustainability.
- Fluctuations in consumer demand and international trade policies impacting UK fisheries.
