The forecast for total prawn production in capture fisheries in the UK from 2024 to 2028 shows a consistent declining trend. Starting at 432.23 thousand euros in 2024, the production value decreases annually, reaching 383.04 thousand euros by 2028. This represents a year-on-year decline, with the production dropping by approximately 3% to 4% each year. The compound annual growth rate (CAGR) indicates an average annual decrease, reflecting subdued market conditions or potential supply chain challenges. As of 2023, this is a continuation of these declining values.
Future trends to watch for include advancements in sustainable fishing practices and potential market diversification. Monitoring these factors will be crucial for adapting strategies in prawn fisheries and mitigating the impacts of the declining trajectory.
