The forecast for whole fresh Northern Prawn production in capture fisheries in the UK shows a gradual decline from 4.47 thousand euros in 2024 to 4.27 thousand euros in 2028. The actual value in 2023 stood at 4.52 thousand euros, indicating a year-on-year decrease of approximately 1.11% from 2023 to 2024. Over the next two years, the value is projected to decrease by roughly 1.34% from 2024 to 2025 and by about 1.13% from 2025 to 2026. The compound annual growth rate (CAGR) over the five-year period from 2023 to 2028 is expected to be around -1.12% per year.
Future trends to watch for include potential changes in regulatory policies affecting fisheries, shifts in consumer demand for prawns, and the impacts of climate change on prawn populations. Additionally, advancements in sustainable fishing practices and technology could also influence future production levels.