The forecast for frozen whelk production in the UK's capture fisheries anticipates a steady increase from 2024 to 2028, expressed in thousand Euros per metric ton. In 2023, the value per metric ton stood at approximately 1.88 thousand Euros. The year-on-year percentage variations indicate progressive growth, with an increase of about 3.6% in 2024, followed by consistent annual increments until 2028, peaking at 2.21 thousand Euros per metric ton. The compound annual growth rate (CAGR) over this five-year period is expected to reflect a modest but stable upward trend.
Future trends to watch for include:
- Potential impacts of climate change on whelk habitats and capture yields.
- Shifts in consumer demand linked to sustainable fishing practices.
- Regulatory changes affecting the fishing industry and market dynamics.
