The forecast for Fresh Greater Forkbeard production in UK capture fisheries from 2024 to 2028 indicates a steady decline. In 2023, the production value stood at a high, from which it is anticipated to decrease annually.
- Year-on-year decline of 10.77% from 2024 to 2025.
- Year-on-year decline of 11.81% from 2025 to 2026.
- Year-on-year decline of 13.15% from 2026 to 2027.
- Year-on-year decline of 14.85% from 2027 to 2028.
The compound annual growth rate (CAGR) from 2024 to 2028 is approximately -13.39%, indicating a significant decrease over the five-year period.
Future trends to watch include the impact of environmental regulations, changes in consumer preferences, and potential technological advancements that could affect fishing practices and market dynamics in the UK.
