As of 2023, the production of frozen cuttlefish and bobtail squids in the UK's capture fisheries stood at a higher level than the forecasted figures for 2024 and beyond. Forecasts for the next five years suggest a steady decline from 2.28 metric tons in 2024 to 2.06 metric tons by 2028. This represents a year-on-year decline of approximately 2.63% on average, with a compound annual growth rate (CAGR) of around -2.55% over the period.

Future Trends to Watch:

Environmental factors and sustainable fishing practices may impact production trends further.
Market demand changes, particularly from key export markets, could influence production volumes.
Regulatory changes in fisheries management could affect the catch limits and quotas, impacting production outputs.