In 2023, the production of fresh shrimps and prawns in UK capture fisheries stood at approximately 433.05 metric tons. Forecasts from 2024 to 2028 show a consistent decline, with production expected to fall to 298.88 metric tons by 2028. The year-on-year variations indicate percentage decreases: approximately -6.8% (2024-2025), -7.1% (2025-2026), -7.5% (2026-2027), and -8.0% (2027-2028). Over the forecasted period, the compound annual growth rate (CAGR) is approximately -6.9%.
Future trends to watch:
- Potential impacts of climate change on marine ecosystems affecting shrimp and prawn habitats.
- Regulatory changes aimed at sustainable fishing practices.
- Technological advancements in aquaculture that may offset declining capture fisheries.
- Consumer demand shifts towards sustainable seafood sources.