In 2023, the total shrimp production in capture fisheries in the UK stood at 387 metric tons. The forecast from 2024 to 2028 shows a consistent year-on-year decline: from 355.57 metric tons in 2024 to 229.46 metric tons in 2028. This indicates a sharp decline of about 10% annually. The compounded annual growth rate (CAGR) from 2024 to 2028 is approximately negative 11%, reflecting a significant downtrend in production.
Future Trends to Watch For:
- Environmental factors impacting shrimp habitats, potentially exacerbating production declines.
- UK policies on sustainable fishing practices and their effect on shrimp capture.
- Emerging technologies in aquaculture that might offset capture fisheries decline.
- Market shifts driving changes in demand and economic viability for shrimp fishing.