In 2023, the production of gutted fresh black cardinal fish in the UK capture fisheries was 1.58 metric tons. By 2028, it is forecasted to decline to 0.65 metric tons, indicating a significant downward trend. The year-on-year variation shows a consistent decrease, with production dropping by approximately 13.7% in 2025, 15.8% in 2026, 17.8% in 2027, and 21.7% in 2028. The compound annual growth rate (CAGR) over this five-year period is -13.1%, highlighting the ongoing contraction in production volumes.
Future trends to watch for include:
- Potential impacts of changing maritime regulations and environmental protections on capture fisheries.
- Shifts in consumer demand for black cardinal fish and efforts to cultivate sustainable fishing practices.
- Innovations in fishery technologies and practices that might affect yield productivity.
- Market competition from alternative sources of fish or seafood substitutes.