From 2023 to 2028, the value of frozen shrimp production in capture fisheries in the UK is expected to decline consistently. Starting from a benchmark value in 2023, projected data shows a decrease from 3.9 to 2.41 thousand euros per metric ton by 2028. Year-on-year analysis reveals negative growth with percentage decreases each year, reflecting a compounded annual growth rate (CAGR) of negative value across this period.
Future trends to watch for include:
- Potential impact of environmental regulations on capture fisheries.
- Technological advancements in shrimp farming that could affect market dynamics.
- Economic factors influencing consumer demand for frozen shrimp.
- Brexit’s continuing impact on fisheries trade and supply chains.
