The forecast for total European conger production in capture fisheries for human consumption in the UK indicates a consistent decline. In 2023, the value stood at 102.73 thousand euros. The forecast shows a decrease of approximately 8.2% year-on-year from 2024 to 2028. The compound annual growth rate (CAGR) is estimated at -10.2% over the next five years, reflecting a significant downward trend.
Future trends to watch for:
- Impact of regulatory changes on fishing quotas and sustainability practices.
- Influence of climate change on marine ecosystems affecting conger populations.
- Advancements in technology and methods impacting catch efficiency and cost.
- Market demand shifts toward alternative seafood and fishery products.
