The forecast for whole frozen cuttlefish and bobtail squids production in the UK capture fisheries indicates a gradual decline in value from 2024 to 2028. The projected values are expected to decrease from 8.21 thousand euros in 2024 to 7.81 thousand euros in 2028. Comparing these figures to 2023, where we assume the production stood slightly higher, it suggests a downward trend.
Year-on-year variation shows a continuous reduction of approximately 1.22% annually from 2024 through 2028, predicting a compound annual growth rate (CAGR) that reflects a consistent decline over this period.
Future trends to watch for:
- Potential environmental impacts affecting cuttlefish populations.
- Shifts in consumer demand for seafood alternatives.
- Regulatory changes affecting fisheries management and capture quotas.
- Technological advancements in capture techniques and sustainable practices.
