In 2023, the total Pandalus shrimps production in capture fisheries in the UK stood at approximately 900 Euros per metric ton. From 2024 to 2028, a consistent decline is observed with year-on-year decreases of about 5.5% in 2025, 5.7% in 2026, 5.9% in 2027, and 6.2% in 2028. The compound annual growth rate (CAGR) over this period reflects a negative trend, highlighting a challenging outlook for the industry.
Key future trends to watch for include:
- Environmental regulations impacting capture capabilities.
- Market demand shifts toward sustainable seafood.
- Potential impacts of climate change on shrimp habitats.
- Technological advances in fishing and production methods.
- Economic factors influencing the pricing and demand dynamics.
