In 2023, the production value for whole frozen squids, cuttlefishes, and octopuses in the UK's capture fisheries stood at approximately 3.08 thousand euros per metric ton. Forecasted data from 2024 to 2028 suggest a steady year-on-year increase: 3.15 in 2024, 3.23 in 2025, 3.3 in 2026, 3.38 in 2027, and 3.45 in 2028. These increases indicate a consistent positive trend in production values.
The compound annual growth rate (CAGR) over these five years is moderate, reflecting stable market conditions. Future trends to watch include potential impacts of climate change on marine biodiversity, regulatory changes in fishing quotas, and evolving consumer demand for sustainable seafood options.
