In 2023, the United Kingdom's pelagic fish export volume stood at 450.45 thousand metric tons. The forecasted figures from 2024 to 2028 show a steady decline, with the export volume decreasing from 437.45 to 395.89 thousand metric tons. The year-on-year variation shows a consistent decrease as the industry grapples with changing global demands and environmental challenges.
Examining the compound annual growth rate (CAGR) from 2024 to 2028, the average annual decline is projected at approximately 2%. This indicates ongoing contraction in pelagic fish exports, primarily due to factors like climate change, shifting consumer preferences, and potential impacts from post-Brexit trade policies.
Future trends to watch for include:
- Regulatory changes impacting fishing quotas and export policies.
- Technological advancements in sustainable fishing practices.
- Shifts in global trade relations affecting market access.
