The forecasted import volume of edible fish flours, meals, and pellets to the UK shows a consistent and stable growth trajectory. In 2023, imports stood at an actual figure, serving as a baseline for forthcoming increases. The projections indicate an upward trend with modest year-on-year growth ranging between 0.8% and 0.9%. This stable increase results in a compound annual growth rate (CAGR) of approximately 0.9% over the next five years, suggesting a steady and predictable demand.
Future trends to watch for include:
- Potential impacts of trade agreements post-Brexit which might affect import tariffs and costs.
- Evolving consumer preferences towards sustainable and nutritious food options could influence demand patterns.
- Global climate change effects on fish stock availability, potentially affecting supply and import volumes.
- Technological advancements in food processing that might enhance the utilization of fish flours and meals.
