As of 2023, the production value of whole fresh European Hake in UK capture fisheries stood at 1.20 thousand Euros per metric ton. The forecast from 2024 shows a consistent decline in value, decreasing from 1.15 thousand Euros in 2024 to 0.91151 thousand Euros per metric ton by 2028. This represents a compound annual growth rate (CAGR) of roughly -4.50% from 2024 to 2028. The year-on-year decline between 2024 and 2025 is around -5.22%, between 2025 and 2026 is approximately -5.50%, from 2026 to 2027 is about -5.95%, and from 2027 to 2028 is around -5.92%.
Key trends to watch for the future include environmental impacts on hake populations, changes in consumer demand, fishing regulations, and economic conditions that could affect pricing and supply. Monitoring these factors will be crucial to understanding potential shifts in the value of European hake production.
