In 2023, whole fresh shrimp production for human consumption in UK capture fisheries stood at an actual value (not included in the dataset), but projections from 2024 onward show a downward trend. The forecasted production declines from 354.33 metric tons in 2024 to 228.39 metric tons by 2028, indicating a consistent annual decrease.
The variations are as follows:
- 2025: -9.15% compared to 2024
- 2026: -9.88% compared to 2025
- 2027: -10.74% compared to 2026
- 2028: -11.81% compared to 2027
The compounded annual growth rate (CAGR) over the 2024-2028 period indicates an average negative growth rate per year, underscoring a consistent decline in production volumes. As UK fisheries navigate this trend, potential factors influencing this forecast include climate change impacts, regulatory challenges, and shifts in ecosystem dynamics.
Future Trends to Watch:
• Regulatory changes could impact quotas and fishing practices.
• Climatic and environmental shifts may further affect shrimp habitats.
• Technological advancements and sustainable practices could potentially mitigate declines.
