The UK’s forecasted production value of whole fresh shrimps and prawns in capture fisheries for human consumption is expected to slightly decline from 2024 through 2028, with values decreasing from 3.35 thousand euros per metric ton in 2024 to 3.26 thousand euros in 2028. From 2023, the baseline has been set for projections, highlighting a gradual annual decrease of approximately 0.6% in production value. The compound annual growth rate (CAGR) over this period points to a slow but steady downward trend in the monetary value per metric ton.
Future trends to watch for include:
- Environmental policies that may further impact capture fisheries and pricing.
- Changes in consumer preferences, potentially shifting demand for sustainable seafood options.
- Technological advancements in fishing that could optimize production efficiency.
- The influence of Brexit on trade policies and market access, potentially affecting export and import dynamics for the UK seafood industry.