In 2023, the UK’s production value of whole fresh velvet swimcrab in capture fisheries was 5.2833 million euros. From 2024 to 2028, a consistent decline is observed with a year-on-year average drop of approximately 2.9%. The compound annual growth rate (CAGR) for the five-year period from 2024 to 2028 stands at roughly -3.6%, indicating a steady decrease in production value.
Future trends to watch for:
- Environmental regulations and their impact on capture fisheries.
- Market demand shifts due to consumer preference changes.
- Technological advancements in sustainable fishing practices.
- Economic factors affecting seafood trade agreements and tariffs.
