The forecast for Northern Prawn production in the UK's capture fisheries from 2024 to 2028 suggests a gradually declining trend in value, starting at 4.47 thousand euros in 2024 and reducing to 4.27 thousand euros by 2028. In 2023, the actual production value stood at 4.55 thousand euros, indicating a continuous decline into 2024. The year-on-year variations consistently show this decline with slight percentage decreases each year. The compound annual growth rate (CAGR) from 2024 to 2028 reflects an overall negative trend in production values.
Future trends to watch for include the potential impact of environmental regulations, fishing quotas, and climate change on prawn populations, which could further influence production values. Additionally, shifts in consumer preferences, economic conditions, and international trade policies are factors that could alter market dynamics in the coming years.
