In 2023, the production value of frozen crustaceans for human consumption in the UK's capture fisheries was approximately 159,000 Euros. Forecasts suggest a declining trend from 2024 to 2028. Year-on-year, the value decreases between 1.64% and 1.67% annually. The compound annual growth rate (CAGR) over the five-year forecast period is approximately -1.68%, indicating a consistent downward trajectory.
Future trends to watch for include:
- Potential impact of regulatory changes aiming to improve sustainability in fisheries.
- The influence of global market demands and climate change on capture rates.
- Advancements in aquaculture technology potentially altering supply dynamics.