In 2024, the forecast for gutted fresh European hake production in the UK capture fisheries shows a subtle decline in value from 2.66 to 2.49 thousand euros per metric ton by 2028. The trend demonstrates an overall reduction of 6.4% over five years, translating to an average decrease of about 1.3% per year (CAGR).
From 2024 to 2025, a year-on-year decline of 1.5% is forecasted, followed by a 1.9% drop in 2026. The following years show consistent reductions, with 1.6% in 2027 and 1.6% in 2028.
Future trends to watch:
- Global fish demand fluctuations due to health consciousness and sustainability trends.
- Regulatory changes affecting fishing practices and quotas impacting UK capture fisheries.
- Economic shifts within the Eurozone influencing fishing industry profitability.
