The forecasted production of whole frozen aquatic animals in the UK’s capture fisheries for human consumption indicates a gradual decline from 2024 to 2028, starting at 721.96 Euros per metric ton and decreasing to 696.23 Euros per metric ton. This represents an average annual decrease of approximately 0.90% over the five-year period. In 2023, the value stood at a slightly higher rate, setting the stage for this downward trend.
Future trends to watch for include:
- Potential advancements in sustainable fishing practices that can impact production costs and market prices.
- Regulatory changes within the UK and EU fisheries policies affecting supply.
- Shifts in consumer demand towards alternative seafood sources, impacting production volumes.