In 2023, frozen European hake production in capture fisheries in the UK stood at 13 metric tons. The projected figures show a consistent downward trend from 2024 to 2028, with a year-on-year decrease: 6.68% in 2025, 7.08% in 2026, 7.43% in 2027, and 7.82% in 2028. This results in a compound annual growth rate (CAGR) of approximately -8.96% over five years, indicating a substantial decline in production.
Future trends to watch include potential impacts of climate change on fish populations, regulatory changes in fishing quotas, and shifts in domestic and international demand for sustainably sourced fisheries products. These factors could influence production volumes and industry dynamics.
