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.