In 2023, the UK imported live ornamental fish with a market value of approximately 19.8 million US Dollars. Forecasts from 2024 to 2028 suggest a steady decline in import value, reflecting an overall drop of about 1.616 million US Dollars by 2028. This represents an average compound annual growth rate (CAGR) contraction over the forecast period. The year-on-year variations display a consistent decrease, revealing shifts toward possibly decreasing demand or increasing self-reliance.
Future trends to watch include:
- Sustainability concerns influencing consumer choices, potentially reducing demand.
- Regulatory changes impacting importation processes or costs.
- Environmental policies affecting the sourcing of ornamental fish.
