The forecast for fresh prawn production in capture fisheries for human consumption in the UK indicates a steady decline from 2024 to 2028. In 2023, the production value stood at 442.92 Thousand Euros. From 2024 to 2028, there is a consistent decrease in production values, showing a year-on-year reduction: -2.58% (2024), -2.59% (2025), -2.56% (2026), -2.61% (2027), and -2.64% (2028). Over the entire five-year period, the compound annual growth rate (CAGR) reflects a declining trend of approximately -2.60% annually.
Future trends to watch for include:
- Potential impacts of environmental regulations and sustainability efforts on prawn capture.
- Technological advancements in fishing methods that could mitigate declining trends.
- Market demand fluctuations influenced by consumer preferences for sustainable seafood.
