The forecast for the import of frozen shrimps and prawns to the UK indicates steady year-on-year growth between 2024 and 2028, with values increasing from $502.86 million in 2024 to $531.35 million in 2028. Compared to 2023, where imports stood at $495 million, the year-on-year growth suggests a positive trajectory, with an average Compound Annual Growth Rate (CAGR) of approximately 1.4% over the five-year period.
Future trends to watch for:
- Potential impacts of Brexit-related trade policies and tariffs on import costs and supply chains.
- Changing consumer preferences and sustainability concerns influencing demand for frozen seafood.
- Fluctuations in global shrimp and prawn production affecting UK import volumes and prices.
