In 2023, the production value of whole fresh common squids in capture fisheries in the UK stood at 4.97 thousand euros per metric ton. Forecasted values from 2024 to 2028 indicate a steady year-on-year growth, with an average increase of around 0.75% annually. Specifically, the compound annual growth rate (CAGR) over the forecasted period is estimated to be approximately 0.7%.
Future trends to watch include:
- Impact of climate change on squid populations, which could affect supply.
- Changes in UK fisheries policy post-Brexit, influencing resource management.
- Market demand fluctuations for squid in global markets that might alter price projections.
