The UK's forecasted production of whole fresh cods, hakes, and haddocks from capture fisheries for human consumption suggests a noticeable decline over the next five years from 2.59 thousand metric tons in 2024 to 1.43 thousand metric tons by 2028. This indicates a compounded annual growth rate (CAGR) of approximately -12% from 2024 to 2028.
Year-on-year percentage decreases are anticipated as follows:
- 2024 to 2025: -11.6%
- 2025 to 2026: -12.7%
- 2026 to 2027: -14.5%
- 2027 to 2028: -16.4%
In 2023, the value was slightly higher than in 2024 at 2.9 thousand metric tons.
Future trends to watch for include potential impacts from environmental changes, regulatory shifts post-Brexit, and ongoing sustainability efforts which may further influence fishery outputs and market conditions. Monitoring technological advancements in fishing techniques and improvements in fish stock management will also be pivotal in shaping future production levels.
