From 2024 to 2028, the forecast for Fresh European Plaice production prices in the UK reveals a steady upward trend. The values and year-on-year variations are as follows:
- 2024: €2.51K/MT (Base year)
- 2025: €2.57K/MT (2.39%)
- 2026: €2.63K/MT (2.33%)
- 2027: €2.69K/MT (2.28%)
- 2028: €2.74K/MT (1.86%)
The Compound Annual Growth Rate (CAGR) from 2024 to 2028 is consistent at approximately 2.22% per year.
Future Trends
Future trends to watch include potential impacts of environmental regulations, shifts in consumer demand, and advancements in sustainable fishing practices. These factors could influence both the production costs and market prices of Fresh European Plaice in the UK.