The forecasted annual production values for shrimps and prawns in the UK's capture fisheries show a declining trend from 2024 to 2028, with an average year-on-year decline. When expressed in million Euros, the production figure in 2023 was higher than in any forecasted years. The average annual decrease (CAGR) over the five-year period is notable, reflecting a consistent downward trend in production value.
Future trends to watch for include:
- Environmental changes affecting shrimp and prawn habitats.
- Regulatory adjustments influencing fishing quotas.
- Technological advancements in sustainable fishing practices.
- Market demand shifts driven by consumer preferences and global economic conditions.