In 2023, the value stood at 1.74 thousand euros per metric ton. The forecast for whole frozen whiting fish production in the UK shows a steady increase in value from 2024 to 2028. Year-on-year, the production value sees increases of approximately 4.4% in 2024, 4.4% in 2025, 4.7% in 2026, 4.0% in 2027, and 4.3% in 2028. Over the five-year period, the Compound Annual Growth Rate (CAGR) is projected at 4.36%, indicating a robust upward trend.
Future trends to watch for:
- Potential impact of Brexit on trade agreements and tariffs affecting pricing.
- Environmental regulations influencing sustainable fishing practices.
- Market demand shifts due to consumer preferences towards sustainable seafood.
