Between 2014 and 2023, crustacean demand in the United Kingdom of Great Britain and Northern Ireland exhibited variability, peaking in 2016 and declining sharply in 2020. The year-on-year variation revealed significant fluctuation, particularly in 2017 and 2020, while the CAGR over the last five years showed a marginal decline of 0.04%. In 2023, the demand stood at 213.45 thousand metric tons.
Looking ahead, the forecast indicates a slight decrease in demand, with a five-year CAGR of -0.12% expected by 2028. This suggests a slow but continuous downward trend with an overall 0.6% decline over the forecast period. Key factors to watch include changes in consumer preferences, sustainability practices, and regulatory shifts impacting the seafood industry.
