As of 2023, the production value of whole frozen molluscs in capture fisheries in the UK was 2.02 thousand euros per metric ton. The forecast data from 2024 to 2028 suggests a slight, yet steady decline in value, fluctuating around 2.01 to 1.99 Thousand Euros per Metric Ton. A consistent downward trend is visible, with a minor year-on-year decrease of approximately 0.5% by 2027. The compound annual growth rate (CAGR) over this five-year period is projected at -0.3%, indicating a slow decrease in value.
Future trends to watch for in this market include:
- Impact of consumer demand for sustainable and locally-sourced seafood
- Regulatory changes affecting capture fishery practices
- Technological advancements in freezing and storage affecting production costs
- Global economic trends influencing currency exchange rates and export competitiveness