The UK import of frozen fish meat and mince is forecasted to show a declining trend from 2024 to 2028, with values decreasing annually. From 2023 to 2024, the import volume showed a moderate reduction, continuing to decrease each subsequent year at rates of approximately -2% year-over-year by 2028. Over the forecasted five-year period, there is an anticipated average annual decline (CAGR) of around 1.89% in import volume, indicating a persistent downtrend.
Future trends to watch for include:
- Changes in consumer preferences towards fresh or alternative protein sources.
- Impact of Brexit on trade agreements affecting import tariffs and regulations.
- Fluctuations in global fish supply due to environmental changes and sustainable fishing practices.
- Developments in domestic aquaculture and self-sufficiency in fish production.