The forecast for fresh European Conger production in the UK's capture fisheries shows a steady decline from 2024 to 2028. Starting at 101.49 thousand euros in 2024, it diminishes by roughly 10% per year, reaching 62.49 thousand euros by 2028. This trend suggests a substantial downshift from the previous years, where the value in 2023 was the last recorded actual data point.
Year-over-year percentage decreases appear consistent, averaging around 10% annually, indicating significant challenges in sustaining production levels. The compound annual growth rate (CAGR) derived over this five-year period reflects an average annual decline, emphasizing the downturn trajectory.
Future trends to watch for include:
- Environmental factors impacting the sustainability of European Conger supply.
- Regulatory changes potentially affecting fisheries practices and quotas.
- Market demand shifts and pricing strategies that could mitigate or exacerbate production declines.
- Technological advancements in sustainable fishing practices.
