In 2023, the total garfish production in capture fisheries in the UK stood at 965 euros. The forecasted data shows a steady increase in production over the next five years, with the value rising to 1020 euros by 2028. This represents a year-on-year variation of around 1.16% on average, indicating a moderate but persistent growth trend. The Compound Annual Growth Rate (CAGR) from 2023 to 2028 is approximately 1.11%, suggesting a consistent upward trajectory in production.
Future trends to watch for include:
- Impact of regulatory changes on fisheries management.
- Potential effects of climate change on marine habitats affecting garfish populations.
- Market demand shifts, possibly driven by consumer preferences for sustainable seafood.