The forecasted production of whole fresh cods, hakes, and haddocks in the UK capture fisheries shows a slight but consistent decrease from 2024 to 2028, decreasing annually by approximately 0.06%. This trend reflects a gradual decline in production value, standing at 21.326 million Euros in 2024 and decreasing to 21.279 million Euros in 2028. In 2023, the production value was reported at 21.338 million Euros. The five-year CAGR demonstrates the consistent, albeit small, downward trend, averaging the annual decline over the past five years.
Future trends to watch for include:
- Potential impacts of environmental regulations on fisheries production.
- Changes in consumer demand and preferences affecting market supply.
- Technological advancements in sustainable fishing practices.
