The UK production of fresh velvet swimcrab in capture fisheries was recorded at 732.5 thousand euros in 2023. Forecasts indicate a gradual decline in production values from 2024 to 2028. The year-on-year percentage decrease is approximately 2%, reflecting a consistent downward trend over the forecast period. The compound annual growth rate (CAGR) across these five years is around -2%, highlighting a steady decrease in the production value.
Future trends to watch for:
- Policy changes in fishing regulations that could impact capture fisheries.
- Environmental factors like climate change affecting swimcrab habitats.
- Market demand fluctuations due to consumer preferences or economic conditions.
- Technological advancements in sustainable fishing practices, potentially reversing the decline.
- Brexit implications on trade and fisheries management.