The forecast for whole frozen European plaice production in the UK's capture fisheries for human consumption suggests a steady growth from 2024 to 2028, with values rising from 1.04 to 1.28 thousand euros. Starting from an estimated baseline value in 2023, the year-on-year growth rate shows a consistent increase, averaging a growth of approximately 5.25% annually over this period when calculated as a compound annual growth rate (CAGR).
Looking ahead, several trends could impact these projections, including:
- Changes in consumer demand for sustainable and local seafood options.
- Potential policy changes impacting capture fisheries, such as fishing quotas and environmental regulations.
- Technological advancements in fishing practices enhancing efficiency and potentially increasing yields.