The forecast for Greenland Halibut production in the UK indicates a steady growth trend from 2024 to 2028. In 2023, the production stood at 190 Euros. The year-on-year growth rates are approximately 1.84% from 2024 to 2025, 1.77% from 2025 to 2026, 1.71% from 2026 to 2027, and 1.65% from 2027 to 2028. Over a five-year period, the compound annual growth rate (CAGR) is approximately 1.74%, reflecting consistent positive growth in production value.
Future trends to watch for:
- Sustainability practices in capture fisheries could impact production rates.
- Shifts in consumer demand towards sustainable seafood options.
- Potential effects of climate change on marine ecosystems influencing fish populations.
- Trade policies and economic conditions affecting the seafood market.
