In 2023, Atlantic herring production in the UK's capture fisheries was recorded at 582 Euros Per Metric Ton. The forecast for 2024 indicates a rise to 591.96 Euros Per Metric Ton, continuing an upward trend through to 2028, expected to reach 638.7 Euros Per Metric Ton. This represents a Compound Annual Growth Rate (CAGR) of approximately 1.9% over the five-year period from 2024 to 2028. Annually, we observe a steady year-on-year increase, with percentages ranging from around 1.9% to 2.1%.
Future trends to monitor include potential impacts from climate change on fish populations and shifts in international trade policies affecting the fisheries sector. Furthermore, consumer demand for sustainable seafood and advancements in fishing technology may significantly influence production costs and market prices.
