The forecasted data for Northern Prawn production in the UK capture fisheries indicates a gradual decline from 0.7 metric tons in 2024 to 0.64 metric tons by 2028. The year-on-year decline is subtle, with decreases of approximately 1.43% from 2024 to 2025, 2.90% from 2025 to 2026, and 1.49% from 2026 to 2027. The compound annual growth rate (CAGR) over the five years is negative, indicating an average yearly decrease. The data for 2023 is not provided for comparison, thus the baseline for these calculations starts in 2024.
Future trends to watch for include:
- Potential ecological factors affecting prawn habitats.
- Regulatory changes impacting fishing practices.
- Technological advancements in sustainable fishing methods.
- Market demand shifts for prawns affecting production incentives.
