Forecast: Fresh Shrimps and Prawns Production in Capture Fisheries in the UK

Analyzing the forecast data for fresh shrimps and prawns production in capture fisheries in the UK, we observe a gradual decline in the value of production from 2024 to 2028. The values indicate a slight but consistent year-on-year decrease. Compared to the previous year’s actual value, 2023, which stood at a higher figure, the forecasted data shows a declining trend in value per metric ton.

Year-on-year variations from 2024 to 2028 illustrate a subtle decline in values:

- 2025 from 2024: -0.59%

- 2026 from 2025: -0.59%

- 2027 from 2026: -0.89%

- 2028 from 2027: -0.60%

Over the last five years, the compound annual growth rate (CAGR) reveals an average yearly decrease of approximately -0.67%.

Future trends to watch for include changes in environmental regulations, climate impact on marine ecosystems, technological advancements in fishing practices, and shifts in consumer demand toward sustainable seafood options. Monitoring these factors will be crucial in understanding and navigating the market dynamics for fresh shrimps and prawns in the UK.

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