The forecast for prawn production in the UK from 2024 to 2028 indicates a declining trend in capture fisheries for human consumption, with values decreasing year on year. The total production is expected to drop from 431.78 thousand euros in 2024 to 388.53 thousand euros in 2028. Given that we are in 2024, production stood at a higher level in 2023, requiring adjustments to meet future demands. The average compounding annual growth rate over these five years shows a negative trajectory.
Future trends to watch for include:
- The impact of sustainable fishing practices and regulations on production levels.
- Changes in consumer preferences potentially shifting demand towards alternative seafood sources.
- The effects of climate change on the availability and distribution of prawn populations.
- Economic fluctuations impacting the cost aspects of prawn fisheries in the UK.