The whole fresh Northern Prawn production in the UK is forecasted to decline over the next five years, from 0.7 Metric Tons in 2024 to 0.64 Metric Tons in 2028. The data shows a consistent decrease in production every year by approximately 1.43% year-on-year. This trend suggests a compounded annual growth rate (CAGR) of around -1.45% for the next five years.
Future trends to watch for include:
- Impacts of climate change on prawn habitats, leading to potential shifts in capture locations.
- Advancements in sustainable fishing techniques that may alter production volumes.
- Regulatory changes in the UK affecting quota and capture methods.
- Economic factors influencing demand and pricing in local and international markets.
