In 2023, the total Northern Prawn production in UK capture fisheries stood at 13.30 thousand euros per metric ton. Over the forecasted period from 2024 to 2028, the value is expected to slightly decline from 13.17 to 12.89 thousand euros per metric ton, demonstrating a gradual downward trend.
Key year-on-year variations are minor, with an average compound annual growth rate (CAGR) of -0.45% over the five-year period. This suggests a relatively stable but slightly declining market value perspective.
Future trends to watch include the impact of climate change on marine ecosystems and fishing yields, as well as regulatory changes and market demand growth for sustainable seafood. Monitoring these factors will be crucial for predicting long-term shifts in prawn production values.
