In 2023, the gutted fresh haddock production in capture fisheries in the UK had a value of approximately 2.25 Thousand Euros per Metric Ton. The forecast from 2024 to 2028 shows a steady increase in production value, starting at 2.27 and reaching 2.37. This represents a year-on-year growth of about 0.88% to 1.08%, with a projected compound annual growth rate (CAGR) of approximately 1.08% over the five-year period.
Future trends to watch for include:
- The impact of climate change and regulatory policies on fish stocks and fishing practices.
- Potential market demand shifts, including consumer preferences for sustainably sourced seafood.
- Technological advancements that may enhance efficiency in fisheries operations.
- Global economic factors that could influence currency fluctuations and export competitiveness.