The forecast for whole fresh shrimps and prawns production in capture fisheries in the UK shows a declining trend, with production starting at 1.4977 million euros in 2024 and decreasing steadily to 1.1249 million euros by 2028. In 2023, the production stood higher than in the forecasted years, indicating a consistent downward trajectory. The year-on-year percentage variations reflect this decline, highlighting a need for strategic adjustments in the sector. The compound annual growth rate (CAGR) over the next five years further confirms the diminishing trend in production value.
Future trends to watch for include:
- Potential impacts of climate change on marine biodiversity and shrimp populations.
- Regulatory changes affecting capture fisheries practices.
- Technological advancements in sustainable fishing techniques.
- Market demand shifts towards locally sourced and environmentally friendly seafood options.
- Global economic factors influencing seafood trade and pricing.