Forecast: Total Prawn Production in Capture Fisheries in the UK

The data reveals a gradual increase in the forecasted value of prawn production in capture fisheries in the UK from 2024 to 2028, progressing from 23.76 to 24.1 Thousand Euros per Metric Ton. This consistent rise indicates a modest yet positive trend in the value per metric ton for prawns. Comparing this to the actuals from 2023, which are not explicitly provided here, would give more insight into these trends.

Year-on-year, the value shows a slight increase, maintaining an average growth which establishes a steady pattern over the forecast period. The Compound Annual Growth Rate (CAGR) over these years is expected to be low, pointing to a stable but not rapid increase in value.

Future trends to watch:

  • Impact of environmental regulations and sustainability practices on prawn capture methods.
  • Potential impact of Brexit on fisheries trade and market access.
  • Technological advancements in capture and processing efficiencies.
  • Changes in consumer demand and price fluctuations due to market dynamics.

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