As of 2023, the UK’s crustaceans production in capture fisheries for human consumption stood at approximately 4.7 Thousand Euros per Metric Ton. Forecast data from 2024 to 2028 indicates a steady increase, with values projected at 4.77 Thousand Euros per Metric Ton in 2024, reaching 5.1 by 2028. Year-on-year variations reveal an incremental rise, averaging around 1.7% annually. The compound annual growth rate (CAGR) over this five-year period is also estimated at nearly the same percentage.
Future trends to watch for include:
- Technological advancements in sustainable fishing methods.
- Potential regulatory changes affecting catch quotas and market prices due to sustainability considerations.
- Market demand fluctuations impacting prices and production volumes.
