In 2023, the fresh Atlantic Halibut production in capture fisheries in the UK stood at 2.31 million euros. The forecast for 2024 indicates an increase to 2.3731 million euros, continuing a trend of steady growth through to 2028, where production is expected to reach 2.6118 million euros. Year-on-year growth is consistent, with percentage increases observed each year: 2024 at 2.7%, 2025 at 2.6%, 2026 at 2.5%, 2027 at 2.4%, and 2028 at 2.3%. The compound annual growth rate (CAGR) over the forecast period is approximately 2.5%.
Future trends to watch for include potential impacts from climate change on fishing conditions, ocean policy regulations affecting capture quotas, and fluctuations in market demand that could influence production values. Monitoring these factors will be crucial for stakeholders in the industry.
