The forecast for UK imports of dried, salted, smoked cuttlefish, and squids indicates a steady growth from 2024 to 2028, increasing from $2.30 million to $2.80 million. In 2023, the imports were valued at around $2.17 million. Annually, imports are expected to grow at an average compound annual growth rate (CAGR) of approximately 5.13%. Year-on-year growth between 2024 and 2025 is 5.5%, slightly decreasing to 5.1% and 4.9% in subsequent years, reflecting a modest deceleration but maintaining a positive trajectory overall.
Future trends to watch for include:
- Inflation and exchange rate fluctuations affecting import costs.
- Changing consumer preferences towards sustainable and eco-friendly seafood options.
- Potential trade agreements impacting tariffs and import regulations.
- Advancements in aquaculture technology affecting supply sources.
