Thursday 07 11 2024 06:50:01 AM

Office Address

123/A, Miranda City Likaoli Prikano, Dope

Phone Number

+0989 7876 9865 9

+(090) 8765 86543 85

Email Address

info@example.com

example.mail@hum.com

UK seafood industry waiting on a bounce back after Covid, Brexit losses
Seafish CEO Marcus Coleman said the U.K. seafood industry is showing signs of recovery, but is still GBP 1 billion (USD 1.3 billion, EUR 1.2 billion) behind where it was in 2019. | Photo by Chris Chase/SeafoodSource
Dr.G.R.Balakrishnan Oct 26 2024 Marine News (Fisheries & Seafood)

UK seafood industry waiting on a bounce back after Covid, Brexit losses

Four years on from the Covid-19 pandemic and Brexit, the U.K. seafood industry is still roughly GBP 1 billion (USD 1.3 billion, EUR 1.2 billion) behind where it was in 2019. 

Prior to the U.K. officially leaving the European Union in early 2020, government officials promised seafood sector growth would continue to be supported. Despite the promises, multiple aspects of the industry are struggling, with some calling on the government for additional help as challenges continue to undermine the segment.

“This is the big question on my mind: will there be a billion-pound bounce back in the U.K. seafood industry?” Seafish CEO Marcus Coleman said. “The reason I say that, is it has been tough. The last four years, the combined value of seafood imports and exports in and out of the U.K. has fallen by around GBP 1 billion (USD 1.3 billion, EUR 1.2 billion).”

Coleman, speaking during the Responsible Seafood Summit in St. Andrews, Scotland, said prior to Covid-19 and Brexit, seafood trade reached a peak of just under GBP 6.5 billion (USD 8.4 billion, EUR 7.8 billion)

“Leading up to 2020, things were looking quite good. Consumer confidence was high, the economy was in growth,” Coleman said.