The forecasted production of gutted frozen cods, hakes, and haddocks in the UK shows a steady, albeit slow, increase from 2024 to 2028. In 2023, production was slightly below the 2024 forecast of 8.16 metric tons, marking a stable environment with a minimal year-on-year growth of approximately 0.24% for 2025, 0.12% for 2026, and continuing similar patterns through 2028. The compound annual growth rate (CAGR) over the five-year period from 2024 to 2028 stands at about 0.18%, indicating a modest but consistent upward trend.
Future trends to watch for:
- Potential changes in environmental policies or fishing quotas impacting overall production.
- Market demand shifts due to evolving consumer preferences towards sustainable or alternative seafood options.
- Technological advancements in fishing and processing techniques that might boost yields and efficiencies.
- Economic factors influencing exports and domestic consumption of seafood products.
