In 2023, fresh Manila clam production in capture fisheries in the UK stood at 1.15 million euros. Looking at the forthcoming years, a steady increase is forecasted with values projected to rise from 1.1763 million euros in 2024 to 1.3007 million euros by 2028. This represents a consistent year-on-year growth, with an approximate annual increase ranging between 2.73% and 2.41% across these years.
The compound annual growth rate (CAGR) over the 5-year period from 2024 to 2028 is expected to average around 2.51%. This suggests a healthy upward trajectory for the industry, reflecting increased demand or improvements in capture yields over time.
Future trends to watch for include:
- The potential impact of environmental policies on marine life and capture fisheries.
- The influence of technological advancements in fishing techniques on productivity.
- Market demand fluctuations due to potential changes in consumer preferences and economic factors.
- Effects of Brexit-related trade policies on export opportunities and market access.