In 2023, the frozen Atlantic and Danube salmon imports to the UK totaled approximately 2.40 million US dollars. Analyzing the forecasted data from 2024 to 2028, there's a steady increase in value year-on-year, ranging from 6.11% in 2024 to an estimated 5.02% in 2028. The compound annual growth rate (CAGR) over the five-year forecasted period is approximately 5.50%. This trend indicates robust growth in the demand or pricing of this seafood in the UK market.
Future trends to watch include potential changes in trade agreements post-Brexit, sustainability initiatives affecting supply chains, and evolving consumer preferences for plant-based seafood alternatives, which may influence import volumes and values. Regular reviews of geopolitical factors and global seafood industry trends are advisable for accurate forecasting and strategic planning.
