The forecast for gutted frozen dab, Limanda, production in capture fisheries in the UK shows a declining trend from 2024 to 2028. In 2023, the value stood at 569.67 Euros per metric ton; this represents the starting point for the forecast series. Through the forecasted period, from 2024 to 2028, the value decreases steadily, signaling a shrink in market value, with year-on-year declines observed consistently. The compound annual growth rate (CAGR) over these five years marks a substantial decrease, underlining a negative trajectory for the sector.
Trends to watch for in the future include:
- The impact of regulatory changes or environmental issues on capture fisheries, potentially exacerbating the current downward trend.
- Market demand fluctuations for gutted frozen dab, which might either buffer or accelerate the observed declines.
- Technological advancements and sustainable practices that could vitalize production and potentially offset negative trends.
