The production value of frozen shrimps and prawns in capture fisheries in the UK stood at 4.3 thousand euros per metric ton in 2023. The projections for 2024 to 2028 show a consistent year-on-year decline: 3.9 in 2024, 3.51 in 2025, 3.14 in 2026, 2.77 in 2027, and 2.41 in 2028. Comparing 2024 to 2023, there is a decrease of 9.3%. Over the next two years (2024-2026), the annual decline averages around 10.3%. Over the five-year period from 2024 to 2028, the CAGR indicates an average annual reduction of approximately 9.68%.
Future trends to watch for include potential impacts of climate change on marine biodiversity, technological advancements in sustainable fishing practices, and shifts in consumer preferences towards more eco-friendly seafood sourcing. Additionally, policy changes both within the UK and internationally could also influence production levels.
