In 2023, the UK imported frozen octopus valued at $8.75 million. The forecasted data from 2024 to 2028 shows a steady increase in imports, starting at $9.4634 million in 2024 and reaching $12.358 million by 2028. The year-on-year variations suggest consistent growth, with an approximate 7-8% increase each year, indicating strong demand. The compound annual growth rate (CAGR) over this five-year period is around 7.15%, reflecting a robust expansion in import value.
Future trends to watch for include potential impacts of global trade relations, changes in consumer preferences for seafood, and potential sustainability challenges affecting supply. These factors could influence the forecasted growth in frozen octopus imports.
