November 1, 2013 — The U.K. seafood industry is on the up — that’s the conclusion from a new study into the country’s largest seafood companies.
A new pricing guide released by business analysts Plimsoll Publishing evaluates the largest 595 seafood companies operating in the U.K. market using their latest available accounts and finds the total sector has grown by 1 percent. However, within that modest growth some 147 firms have seen their value rise by 20 percent, 59 of which have seen their value soar by 50 percent.
Overall the U.K. seafood market has a value of just over GBP 9 billion (USD 14.4 billion, EUR 10.6 billion), David Pattison, senior analyst on the project, told SeafoodSource.
In terms of growth it is a very mixed picture, explained Pattison. Some companies are showing 20 percent growth figures, yet the overall industry average is showing a decline of 0.3 percent with 88 businesses seeing their value fall by as much as one-third. This shows that competition in the market is “intense,” he said.