Forecast: Whole Fresh Prawn Production in Capture Fisheries in the UK

Throughout the years from 2013 to 2023, the production of whole fresh prawns in the capture fisheries sector in the UK has exhibited significant fluctuations. After reaching a high point of 30.31 metric tons in 2018, a notable decline followed, with the production standing at 18.77 metric tons in 2023. Year-on-year changes show substantial volatility, particularly from 2014 to 2016, with a robust increase in 2016 followed by marked decreases in subsequent years. The Compound Annual Growth Rate (CAGR) over the past five years has been consistently negative, with a notable -9.14% as of 2023.

Looking towards the future, the forecast indicates a persistent downward trend, with production projected to decrease to 15.65 metric tons by 2028. This reflects a forecasted five-year CAGR of -2.82%, revealing a challenging environment for the capture fisheries sector.

Future trends to watch for include the impact of climate change on marine ecosystems, regulatory changes in fishing practices, and advancements in sustainable aquaculture as alternatives to capture fisheries. Additionally, monitoring market demand and international trade policies will be crucial for anticipating shifts in production dynamics.

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