The whole fresh seafood production in capture fisheries in the UK has experienced a fluctuating trend from 2013 to 2023. The production value in 2023 stood at 277.03 thousand metric tons. Initially, there were significant year-on-year variations, including noticeable declines during 2015 and 2020, but also periods of growth in 2014 and 2021. Over the last five years, the compound annual growth rate (CAGR) has been declining slightly at -1.69%.
Looking ahead, the forecast for the period from 2024 to 2028 indicates a stabilization with minor reductions in volume, leading to a -0.21% CAGR and an overall growth rate of -1.06%. This suggests that while production will not drastically fall, it will also not experience any significant growth.
Future trends to watch for include:
- Environmental regulations impacting fishing quotas
- Sustainability initiatives and their effect on capture methods
- Market demand shifts influenced by consumer preferences for fresh seafood
- Technological advancements in fishing techniques and storage solutions
