In 2024, the predicted import value for flours, meals, and pellets of fish for human consumption to the UK is $903.84 thousand USD. This represents a continuation of the growing trend observed in previous years.
Forecasts indicate a consistent annual increase in import values, with each subsequent year showing values of $917.82 thousand (2025), $931.52 thousand (2026), $944.94 thousand (2027), and reaching $958.09 thousand by 2028.
The year-on-year increase is stable at a rate between 1.6% to 1.9%. The projected Compound Annual Growth Rate (CAGR) over the forecast period is approximately 1.5%.
Future trends to watch for:
- Shifts in consumer preferences toward plant-based alternatives, potentially affecting the demand for fish-based products.
- Market responses to regulatory changes or trade policy updates regarding seafood imports.
- Technological advancements in aquaculture and fishery efficiencies that could impact supply and prices.