In 2023, the total garfish production in capture fisheries in the UK was valued at approximately 2.17 thousand euros per metric ton. Moving forward, the forecast predicts a gradual increase in value, reaching 2.54 thousand euros per metric ton by 2028. This represents a compound annual growth rate (CAGR) of approximately 3.2% over the five-year period from 2024 to 2028.
Year-on-year increases from 2024 to 2028 indicate steady growth in garfish production value, reflecting anticipated enhancements in market conditions and demand.
Future trends to watch for include:
- Potential impacts of climate change on marine life affecting capture yields.
- Regulatory changes impacting fishing practices and sustainability efforts.
- Technological advancements in fishing and processing techniques.
