The production value of whole fresh Northern prawn in the UK capture fisheries is forecasted to rise from 20.55 to 22.57 thousand euros per metric ton between 2024 and 2028. Compared to 2023, where the recorded value was slightly lower, this indicates an upward trend reflecting an increase in either the price, volume, or both.
The year-on-year percentage change indicates a steady growth rate, with a constant increase over the years. The compound annual growth rate (CAGR) over the next five years suggests a sustainable upward trajectory in production value.
Future trends to watch for include:
- Potential changes in consumer demand impacting prawn prices.
- Environmental factors affecting capture fisheries’ efficiency.
- Regulatory measures that may impact the harvest and pricing.
