The production value for shrimps and prawns in the UK capture fisheries market is forecasted to slightly decline from €3.41 thousand per metric ton in 2024 to €3.32 thousand in 2028. This shows a consistent year-on-year negative growth rate, signaling a gradual decrease in the commodity's value.
Key trends include:
- A negative CAGR over the forecast period from 2024 to 2028, indicating an average annual decline in production value.
- The market was likely experiencing challenges even before 2024, as indicated by this continuous declining trend.
Future trends to watch for include potential shifts in demand due to consumer preferences, economic conditions, and environmental regulations. Adapting to sustainable practices and innovations in fishing technologies may also play a crucial role in shaping the market’s future.
