In 2023, the import of frozen shrimps and prawns to the UK was 45.2 million kilograms. The forecast for 2024 to 2028 shows consistent growth, with volumes expected to increase from 45.667 to 47.056 million kilograms. The year-on-year growth illustrates a steady increase, averaging around 0.8% to 0.9% annually. Over the five-year forecast period, the compound annual growth rate (CAGR) is approximately 0.86%, reflecting a stable upward trend in this market segment.
Future trends to watch include:
- Potential impacts of trade agreements post-Brexit.
- Consumer shifts toward sustainable and ethical sourcing.
- Fluctuations in global shrimp supply and price dynamics.
