In 2023, the frozen shellfish production value in capture fisheries in the UK was recorded at 4.34 thousand euros per metric ton. The forecasts for 2024 to 2028 show a gradual decline in value, with yearly decreases: 2.12% in 2025, 1.92% in 2026, 2.21% in 2027, and 2.26% in 2028, resulting in a compound annual growth rate (CAGR) of -2.05% over five years. This trend highlights a consistent reduction in the price per metric ton, possibly due to increased competition or changes in global demand and supply dynamics.
Future trends to watch for:
- Impact of sustainable fishing policies on production costs.
- Changes in consumer preferences that may influence demand.
- Fluctuations in international trade agreements affecting export volumes.
- Technological advancements in fishing and processing that could reduce costs.
