The projected values for gutted frozen cods, hakes, and haddocks in the UK capture fisheries reflect a consistent decline in price from 1.39 thousand euros per metric ton in 2024 to 1.04 by 2028. This indicates a year-on-year decline of approximately 5.7% from 2024 to 2025, around 6.9% from 2025 to 2026, about 6.6% from 2026 to 2027, and nearly 8.0% from 2027 to 2028. The compound annual growth rate over these five years shows approximately a 7.1% annual decrease in this segment.
Future trends to watch for include the potential impact of sustainable fishing practices and regulatory changes affecting UK fisheries. The ongoing reduction in value may also shift market focus towards diversification with other fish species or alternative supply chains to stabilize revenues.
