As of 2024, the production of whole frozen crustaceans in the UK for human consumption is projected to decline steadily from 2024 through 2028. In 2023, the industry stood at a baseline of approximately 121.4 thousand euros, making the forecasted figures show a consistent year-on-year decrease of around 2.8% to 3% per year. Analyzing the period from 2024 to 2028, the compound annual growth rate is expected to be negative, highlighting a downward trend in production value.
Future trends to watch for include:
- Impact of Brexit on trade and regulatory aspects affecting fisheries.
- Environmental factors influencing crustacean populations and capture yields.
- Technological advancements in sustainable fishing practices affecting output.
