In 2023, labour costs in the UK fishing and aquaculture industry were at £420 million. Forecasts show a steady increase from 2024 to 2028, with values projected at £437 million in 2024 and reaching £500 million by 2028. The average annual growth rate (CAGR) over these five years is expected to be approximately 4.3%. This consistent rise highlights progressive labor cost pressures in the industry.

Future trends to watch for include:

The impact of regulatory changes on labor demand and costs.
Technological advancements potentially altering workforce requirements.
Shifts in international market demands affecting industry revenues and labor investments.