In 2023, the production value for gutted frozen cods, hakes, and haddocks in the UK capture fisheries was 15.68 thousand Euros. The forecasted data suggests a marginally increasing trend from 2024 to 2028, with values projected to rise steadily from 15.75 to 16.06 thousand Euros. The year-on-year growth rate from 2024 to 2025 is approximately 0.51%, and this similar gradual increase is consistent through the forecast period. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 is estimated at 0.47%.
Future trends to watch for include potential impacts of environmental regulations on fishing quotas, changes in consumer demand for seafood, and technological advancements in fish processing and freezing. Additionally, shifts in international trade policies could influence market dynamics and production levels in the UK fisheries sector.
