Forecast: Whole Fresh Common Squids Production in Capture Fisheries for Human Consumption in the UK

In 2023, the production of whole fresh common squids in UK capture fisheries for human consumption stood considerably higher than future forecasts, indicating an anticipated decrease in volumes. From 2024 to 2028, a steady year-on-year decline in production is projected, with an average annual drop of approximately 5% over the period. The compound annual growth rate (CAGR) also highlights this negative trend as the production is expected to decrease each year consistently.

Future trends to watch for include:

  • Sustainability initiatives and changes in environmental regulations impacting capture fisheries.
  • Shifts in consumer preferences towards alternative seafood sources or plant-based substitutes.
  • Potential economic and logistical challenges affecting the fisheries sector, such as Brexit-related trade adjustments and fuel cost volatility.

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