From 2024 to 2028, the UK is forecasted to see a gradual increase in the importation of live trout, with values rising from $44.5K in 2024 to $50.69K in 2028. The annual growth rate ranges steadily, demonstrating a modest progression. The compound annual growth rate (CAGR) over this five-year period is indicative of moderate market expansion. In context, these figures suggest increased demand or need for diversification in local aquaculture production.
Future trends to watch include:
- Changes in local production capacities or consumption patterns of fish in the UK.
- Impact of environmental policies and trade agreements on import levels.
- Technological advancements in fish farming affecting demand.
- Economic conditions influencing consumer spending on aquatic products.