Analyzing the data from 2013 to 2023, the production value of fresh crustaceans in capture fisheries in the UK began at 3.63 thousand Euros per metric ton in 2013 and rose to 5.23 thousand Euros per metric ton in 2023. The year-on-year variation showed substantial fluctuations, with notable peaks in 2015 (+15.29%), 2018 (+11.1%), and a significant downturn in 2020 (-16.66%). The Compound Annual Growth Rate (CAGR) over the last five years stands at 2.02%, reflecting a relatively steady increase overall. Actual values for 2023 indicate a modest 1.74% increase from the previous year.
From 2024, the forecasted data suggests a continued growth trajectory, albeit with a decelerated pace, with the forecasted CAGR for the next five years anticipated at 1.36%, indicating a growth rate of 7.01% by 2028. This reflects a stabilization trend in the market.
Future Trends to Watch For:
- Potential impacts of regulatory changes on fishing practices.
- Evolution of consumer preferences towards sustainable seafood.
- Technological advancements in sustainable fishing techniques.
- Impacts of climate change on crustacean populations and habitat conditions.
