The total finfish production from capture fisheries for human consumption in the UK is forecasted to exhibit a steady decline over the 2024-2028 period. Starting from a projected value of 40.71 thousand metric tons in 2024, the production is expected to decrease by approximately 12.3% year-on-year to 35.71 thousand metric tons in 2025. The downtrend continues through 2026 to 2028 with annual declines of 13.7%, 15.6%, and 18.2%, respectively. Cumulatively, this reflects a compound annual growth rate (CAGR) of approximately -14.4% over five years from 2024 to 2028.
Future trends to watch for include technological advancements in sustainable fishing practices, regulations affecting quota settings post-Brexit, and climate change impacts on fish populations. These factors could either exacerbate the declining trend or stabilize production levels depending on the adaptive measures undertaken by the industry. Continuous monitoring of these factors is crucial for strategic planning in the UK’s capture fisheries sector.
