In 2023, the frozen pollack production in capture fisheries in the UK stood at an estimated 4.80 thousand Euros. Forecasts indicate a steady increase, with production expected to reach 6.07 thousand Euros by 2028. The year-on-year growth rates are significant: 5.1% from 2024 to 2025, 4.9% from 2025 to 2026, 4.5% from 2026 to 2027, and 4.3% from 2027 to 2028. The compound annual growth rate (CAGR) for the period from 2024 to 2028 is approximately 4.7%.
Future trends to watch for include:
- Impact of environmental policies on the fisheries sector.
- Technological advancements in sustainable fishing practices.
- Changing consumer preferences toward sustainable and locally sourced seafood.
- Fluctuations in currency exchange rates affecting export competitiveness.
