In 2023, the production of gutted fresh sole fish for human consumption in the UK stood at approximately 33.820 million Euros. Forecast data from 2024 onwards indicates a steady growth in production value. Specifically, there is an expected year-on-year increase of 2.04% from 2024 to 2025, followed by growth rates of 1.96%, 1.88%, and 1.81% in the subsequent years leading up to 2028. The compound annual growth rate (CAGR) over the five-year forecast period is estimated at around 1.99%.
Trends to watch for in the future include:
- Impact of regulatory changes in UK fisheries management post-Brexit, which could influence catch volumes and pricing.
- Environmental factors such as fishing quotas and climate change which might affect the sustainability and availability of sole fish.
- Consumer trends towards sustainable and locally sourced seafood, potentially driving demand shifts and market dynamics.