In 2023, the production of frozen megrims for human consumption in the UK stood at an unspecified baseline value. Forecasts for 2024 to 2028 indicate a steady increase in production value, growing from 2.74 to 2.93 thousand Euros per metric ton. This represents an annual growth rate of approximately 0.5% each year. The compound annual growth rate over the five-year period is consistently positive, indicating a gradual upward trend in production value.
Future trends to watch for include:
- Potential impacts of changes in fishing quotas and regulations on production volume.
- Evolving consumer preferences towards sustainability, which may influence demand and pricing.
- Brexit-related trade dynamics and their influence on export markets.
