In 2023, the frozen cuttlefish and squid imports to the UK stood at approximately 42 million USD. The forecast indicates a steady growth in import values, reaching around 45.17 million USD by 2028. Year-on-year, the imports are expected to grow by approximately 1.4% annually. The compounded annual growth rate (CAGR) over the forecast period is projected to be about 1.39%, demonstrating a gradual increase in importation over five years.

Future trends to watch:

Potential shifts in consumer preferences towards alternative protein sources which might affect demand.
Impacts of trade agreements or tariffs post-Brexit influencing costs and supply chain dynamics.
Environmental concerns and sustainable practices shaping purchasing decisions and industry regulations.